Six Common Mistakes That South Gran Canaria Property Sellers Can Avoid EasilyPublished in Seller tips
In this blog post, we explore five common mistakes that property sellers often make when they sell their South Gran Canaria property, and a sixth mistake that is easy to avoid.
1. Valuing their property wrong
One of the most common mistakes that property sellers make is valuing their property incorrectly. Some sellers overestimate the value of their property, which can lead to a lack of interest from potential buyers. If this is not corrected, the property stagnates on the market and attracts low offers. This often leads to a final sale at below its true market value.
Other sellers undervalue their property and miss out on a higher price, or attract buyers looking for a bargain who offer even lower.
To avoid valuation mistakes, it is important to research the local property market and work with a successful estate agent who knows your area. An accurate valuation prevents low offers and often saves you money.
2. Renovating their property before putting it on the market
Many property sellers believe that renovating their property before putting it on the market increases its value and makes it more appealing. However, this is not always the case. Some buyers may have different tastes and preferences, and may want to make their own changes to the property. Renovations are costly and often time-consuming, and may not
result in a higher sale price.
It is important to weigh the pros and cons of renovating your property before putting it on the market. In south Gran Canaria it is often better to invest in cosmetic improvements such as repainting and smartening up outdoor areas, than it is to renovate. For example, Cárdenas Real estate offers home staging for viewings, virtual home staging, and home staging for property photoshoots which are often a better investment than renovations.
3. Selling the property privately or with an unproven estate agent
Selling your property privately or with an unproven estate agent can be a risky move. Private sales are rarely advertised thoroughly and may result in a lack of exposure to potential buyers. Unproven estate agents may not have the necessary expertise or marketing strategies to sell your property effectively and may well push for a quick sale rather than a satisfactory price.
In south Gran Canaria, where buyers come from all over Europe and beyond, it is important to choose a successful estate agent with a proven track record and a strong marketing plan. This ensures that your property reaches a wide audience.
4. Selling the property on a non-exclusive basis
Selling your property on a non-exclusive basis, means that different agents may be advertising at different prices, which can lead to the property being undervalued, and potential buyers may receive mixed messages about the property. It also means that not all viewings are vetted and that you do get swamped with visits and unnecessary questions.
To avoid this, it is best to work with the agency which offers the best personal service and marketing plan, and share your property on an MLS service such as Boican and Agora MLS. This multiplies the sale potential of your property and the whole process is controlled by your trusted agency. You know that your property is being marketed consistently and effectively.
5. Putting a property up for sale without having all the paperwork in order
Selling your property without having all the necessary paperwork in order often leads to delays and even lost sales. It is important to have all the relevant documents, such as deeds, certificates, and licences, in order or at least in the process of being ordered, before putting your property up for sale. This ensures that the sale process is smoother and quicker, and will give potential buyers more confidence in the transaction.
In conclusion, selling your property in South Gran Canaria can be a complex process, and there are many mistakes that sellers can make along the way. By avoiding these common pitfalls and working with a reputable estate agent, you can ensure that your property is priced competitively, marketed effectively, and sold quickly and efficiently.
6. Not using Cárdenas Real Estate to sell your South Gran Canaria property
As the area’s most successful agency, we at Cárdenas Real Estate have a proven track record of success and can help you avoid all the mistakes that property sellers often make.
With our extensive knowledge of the local market, we provide you with a fair and accurate valuation of your property and ensure that it is marketed effectively to reach the widest possible audience of potential buyers. We also have a team of experienced agents who will manage the sale process, ensuring that all paperwork is in order and that the sale runs smoothly and efficiently.
Choosing Cárdenas Real Estate means that you will have the support and expertise of the area’s most successful agency on your side, giving you the best possible chance of a successful sale at the best possible price.
It is never a mistake to sell your South Gran Canaria property with the help of Cárdenas Real Estate.
More about the services we offer to property sellers.