1# – Statistics Reveal Challenges in Private sale of property
According to research released by Zillow in 2023, approximately 89% of private sellers face difficulties when selling their properties.
The reasons for this high statistic include:
- Unrealistic price setting: Many owners set sales prices that are out of touch with market reality.
- Preparing the property: Difficulties arise in properly preparing the property to attract buyers.
- Ineffective advertising methods: Faulty advertising strategies are detrimental to the property’s visibility.
- Challenging Bureaucracy: The inability to deal efficiently with real estate bureaucracy is a common barrier.
- Time constraints: Lack of time to manage the entire sales process is a frequent obstacle.
In addition, the data shows that:
- 46% of owners don’t know how to look for buyers, thus prolonging the sale period.
- 73% of buyers prefer to buy directly from owners, often because they can get more affordable prices.
- 26% of private sellers end up selling their house for less than the price obtained through real estate consultants.
- On average, owners lose around €120,000 when selling without professional assistance.
Main Motivation for the Private Sale of Property:
- 41% of private sellers are looking to save money by avoiding real estate agency commissions. However, the data from the study indicates that, despite the effort and time invested, they are often losing money instead of saving.
2# – Clear Benefits of Hiring a Real Estate Consultant
Specially hiring a Real Estate Agent has several essential advantages:
- Market Knowledge: The ability to adapt effective strategies to economic fluctuations, understand the profile of the target audience and follow sector trends.
- Accurate Property Valuation: Avoid assigning inappropriate values to the property by using the expertise of a real estate consultant.
- Assistance with bureaucracy and legal procedures: Organizing documentation, collaborating with experts and ensuring a secure sales process.
- Efficient Disclosure and Presentation: Development of customized marketing plans to increase the visibility of the property.
- Intermediation and Total Availability: Free yourself from the burden of visits, answering questions and dealing with paperwork, allowing for a smoother sale.
By understanding these statistics and benefits, homeowners can make more informed decisions during the private sale process.
I’m a real estate consultant in the area of Foz do Douro and Lordelo, in the city of Porto. Specialist in mediation of quality residential properties, I work with a focus on rigor, proximity to the client and excellence in service.
Any questions or help you want, I’m at your disposal – Tel. 939 993 379.
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