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Reducing Real Estate Stress: Tips For Buyers And Sellers


Buying and selling properties can be a hugely exciting prospect, but there’s no doubt that trying to oversee negotiations and secure the best price can also be stressful. If you’ve started a search for a new home, or you’re keen to sell, here are some tips to reduce stress and simplify the process. 

home for sale

Image credit: https://pixabay.com/photos/new-home-for-sale-real-estate-1553256/

Seek expert advice

Whether you’re purchasing your first home, you’re moving to a larger property or a new area, or you’re ready to put the for sale sign up outside your home, it’s wise to enlist the services of trained professionals.

Both buyers and sellers will need to seek legal advice to draw up contracts and perform necessary checks and searches, and it’s also beneficial to consider hiring an agent to help you buy or sell a property. Real estate agents work with buyers and vendors.

If you’re looking to buy, an agent can show you properties based on your requirements and your budget, they can give you access to homes that are new to the market and they can impart their knowledge and experience of the market to help you learn more about the area and to decide how much to offer if you do want to proceed.

If you’re selling, hiring an agent can help you gain access to clients who are looking for properties that are similar to your home and market and promote your property. Agents can also help you set a fee for your home based on current valuations and movement in the market. 

Consider your options

In years gone by, if you wanted to sell your home, options were limited to hiring an agent. Today, you can sell online, work with a real estate agency or consider cash buyers. Every seller is unique and one option may suit one vendor better than another.

Weigh up the pros and cons based on your individual circumstances. If you don’t need to sell quickly, it’s natural to want to get the best price so you may decide against selling to a company that buys for cash.

If you want to save on costs, and you have enough time to take calls and arrange viewings, you may prefer to sell online rather than hiring a real estate agent. Take your time to undertake research, go through the advantages and disadvantages and figure out which option suits you best. 

Make sure your expectations are realistic

One of the most effective ways to manage and prevent stress when overseeing the purchase or sale of a property is to ensure that you have realistic expectations.

If you’re expecting offers that exceed the top valuation, you’re hoping that a seller accepts an offer way below the asking price or you’re expecting the transaction to go through in a couple of weeks, it’s highly likely that you’ll end up disappointed. It takes time for sales to be completed, a house is only worth what a buyer is willing to pay for it and sellers are unlikely to accept low offers unless they are desperate to sell.

Before you put your house up for sale, ask several agents to provide a valuation so that you have an accurate idea of how much it is worth. It’s also beneficial to analyze the current market and see how fast houses are moving and how much they are selling for.

If the market is slow and demand is low, you might struggle to get an offer that matches the valuation even if the house is worth that figure. If you’re not in a hurry to sell, and there are signs that the market is picking up, it may be worth waiting to get a better price. 

Time

A lack of time is one of the most common causes of stress when buying and selling houses. Sometimes, it’s impossible to avoid situations where you need to move quickly, but if you can, try to allow yourself the time to either find the perfect home or the perfect buyer. If you have time on your side, you won’t feel pressured to make decisions.





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