There are a lot of things that work against you when you put your house in the buyer’s market. Somehow the most important part of your deal is your listing and how your property is presented in real estate directories. Most of the buyers have experienced Temecula realtors on their side and the first thing that they do is to point out the red flags in your listing. This article will discuss some red flags that must be avoided under any circumstances.
Red Flag #1 No Photos of the Property
Ever seller is aware of the importance of including quality picture of their property in all major directories. But still, most of the sellers do not include multiple photos of their house in the listing. Lack of property photos is the first red flag in the eyes of the buyer as well as buyer’s agent. In most of the cases, buyers will assume that there is something wrong with the property that the seller is trying to hide.
According to most of the Temecula realtors, it is best to post 10 to 12 photos of your house highlighting major plus points of your property. You can even contact a professional photographer to help you in getting perfect view of the property.
Red Flag #2 Hyperbolic Property Listings
Keep in mind that buyers are always cautious about listings with outlandish claims and these claims never do much good to the owner itself. It is always good to have creativity in your listing but hyperbolic claims are interpreted in different manners by every single buyer. Some buyers would not even begin with such listings and some will get disappointed if the claims are not up to the expectations. Although most of the sellers avoid superlative claims but still it is good to know that such claims may raise a red flag for your property.
Red Flag #3 Distressed Properties without Transaction Details
In past few years, market is flooded with distressed properties ending into foreclosures and short sales. Your buyers will be having a good experience with distressed properties in past. According to financial experts, distressed property listings without proper transaction details are a red flag to be aware of. In most of the cases, property listings that are subjected to third party approval (short sales) without any information of the lender (third party) must be dealt with proper attention.
Researchers have revealed the fact that distressed properties with complete transaction details have a better chance of getting an appropriate offer as compared to remaining properties. If you are planning a short sale, never forget to mention all important transaction details in your listing.
Red Flag #4 Too Good to Be True Price
Some sellers are tempted to attract more buyers by keeping an extremely low price of the property. But if you ask any experienced Temecula realtor, they will tell you that this strategy may backfire. So if your expert suggests the same then make sure to consider it twice.
It is quite common to have multiple buyers in such condition and the sales price is bound to touch the current market standard. But in addition the price, there will be a bidding war among buyers which may even upset of some of the potential buyers. Another important point to consider is that a lower price will attract unqualified buyers as well. It is best to take any such decisions only after having an updated knowledge of the property.
Red Flag #5 Highlighting Repair Works
Another red flag that may alarm buyer includes the latest repair work done on your property. It is a clear sign of the fact that you are trying to flip the property and there can be some potential issues with it. You should be always careful while mentioning the improvement work in your property. It is advised to use the term improvement rather than repair in property listings. You can always seek help from an experience Temecula realtor while listing your property.
These are some of the potential red flags that you should be aware of while listing your property. After all, everyone would like to make a handsome amount out of the deal.
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