Top 5 mistakes to avoid when selling your property

1. Incorrect Sale Price
One of the most common mistakes sellers make is setting a price that is either too high or too low for their property. If the price is too high, potential buyers might be discouraged, and the property may stay on the market for too long, reducing its perceived value. On the other hand, a price that is too low could result in financial losses for the seller.
How to avoid this mistake?
Work with an experienced real estate agent who can provide an accurate market evaluation and guide you in setting a competitive and realistic price.

2. Ignoring the Property's Condition
Every seller wants their property to be appealing to buyers, but the importance of maintenance and presentation is often underestimated. A house or apartment that looks untidy or requires significant repairs can lower buyer interest and negatively affect its value.
How to avoid this mistake?
Make sure your property is clean, well-maintained, and that any minor repairs are completed before listing it. Ensure impeccable presentation with staging or professional photography.

3. Missing Cadastral Documents and Other Essentials
In Moldova, selling a property requires documents such as an updated cadastral extract and other papers proving ownership and the legal status of the property. Missing or outdated documents can significantly delay the transaction.
How to avoid this mistake?
Ensure all necessary documents are in order before listing the property. Check the validity of the cadastral extract and update it if needed. Collaborate with a real estate agent or public notary to verify documentation and avoid bureaucratic delays.

4. Neglecting Marketing and Promotion Strategy
Some sellers believe that simply listing their property on specialized websites like 999 will immediately attract buyers. However, marketing a property involves much more than a simple online listing. Without an effective promotion strategy, the property may remain unnoticed by most potential buyers.
How to avoid this mistake?
Work with a real estate agent who uses a diversified marketing approach, including quality photos, virtual tours, social media promotion, and listings on relevant platforms.

5. Rigidity in Negotiations
Many sellers are overly rigid regarding price and sales terms, which can lead to stalled negotiations. In reality, negotiations are an essential part of the sales process, and a seller unwilling to compromise may miss significant opportunities.
How to avoid this mistake?
Be open to discussions and ready to negotiate. Collaborate with a real estate agent who can help you navigate the negotiation process and achieve the best possible terms for you.

Conclusion:
Selling a property can be a profitable process if approached correctly. By avoiding these common mistakes and seeking the support of a real estate professional, you can turn this transaction into a successful experience.

If you're preparing to sell your property, contact us to discuss how we can help make this process as efficient and profitable as possible!