How To Sell A House Quick Whilst Avoiding The Pitfalls

How To Sell A House Quick Whilst Avoiding The Pitfalls

Lenders are tight, house prices are dropping, and well, it just isn't enough to advertise in a newspaper and stage your house to be able to sell.

Nothing has changed the game the way the Internet has. Your advert in your local paper's classified ads section may reach hundreds of people, but a video in YouTube or a listing on websites like Rightmove.co.uk can get millions of hits in a month. And what's more, sometimes, you don't even have to spend a single dime.

But as much as the Internet has transformed the process of buying and selling a house in wonderful ways, there is a certain cautiousness, and skepticism to an extent, that has to be applied. The Internet may be the biggest source of information, but it is also the biggest source of misinformation. If you fall for a bogus listing or get swayed by inaccurate house price data, then you might find yourself stuck in a property chain, overpricing, or overpaying. Here are some things that you should be wary of:

1. Phony photos and videos

Estate agents, homebuyers and sellers must love digital photos and videos. With just a few clicks, they are able to capture images of their lush lawn, newly painted facade, and magnificent pool, and show them off in slide shows, video tours, or interactive floor plans.

For sure though, you've heard of Photoshop, Final Cut Pro, or Avid. There are ways to manipulate photos and videos to make them look better than they seem. So don't be surprised when the kitchen you saw in the photos is not the same kitchen that is in the house, and the grass is not as green as it was in the photos. And what if the photos were taken two years ago? No guarantee everything will look the same when you make an actual visit.

Here's what you can do to verify. Do a search on Google Earth or Google Street View for a realistic picture of the neighborhood or home exterior. For the interior of the house, you will have to see it for yourself.

2. Inaccurate valuations

You could be fooled into thinking that getting a valuation for your home is as easy as 1-2-3 as some websites offer instant online valuations. But while these websites are a good reference for ballpark figures, you need to go out into the real world to get an accurate estimate of house prices. In the current housing slump, where house prices have fallen over 20 percent in the past two years, every pound counts

If you're selling, you can get a few estate agents to walk through your home and come up with a value based on recent comparable sales. You can also hire a professional property appraiser. If you're buying, a property appraiser won't do you any good, but it would serve you well to hire an experienced estate agent.

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