A Drop In Sales St Collingwood Ontario Real Estate

A Drop in Sales at Collingwood Ontario Real Estate

At any one stage in life, one decides to relocate to another location basing on political, social and economic situations. The situation is not different at Collingwood Ontario real estate. With some property owners finding it hard to sell their property when they are moving out, there is the need to examine why. Some take a short time to sell, some a long time and worse some go over a year and remain unsold. Various factors contribute to all this likely phases as discussed below;

Incorrect pricing;

Real estate owners always aim at getting maximum money when selling their property. High prices above board are likely to drive away potential buyer fully aware of current market prices. The mistake done by a large portion of sellers is determining their selling value basing the initial price they bought at or amount invested in the long run. This clearly exposes their ignoring of the depreciation value of the property. Such factors are what buyers look into and are likely not even have a look at it. All clients have their range budget and compare available prices at the current market price before settling on one. If the seller places high, it won't be compared to others but rather ignored and forgotten.

Poor showcasing and advertisement;

A good number of sellers at Collingwood Ontario real estate fail to carry out urgent repairs on existing property for sale and keep it neat. The first impression is already dented in the buyers view which matters a lot. With the greed to minimize repair costs, the sellers end up not making the sale at all at the end. It's necessary for agencies to put in view all this to attract various offers brought forward. Buyers should consider several advertisements to reach all potential customers and be readily available on site in case the clients want to have a view of the property.

Ignoring first offer on the table;

The sellers ignore most proposals submitted immediately after putting up an advertisement in anticipation of better offers coming shortly. They cling to their set initial prices forgetting that most first responders to notices end up being the faithful customers and eventually own the property. In most instances, the subsequent offers go down compared to the first responder. The earlier the house is sold, the better the rates. When the first customer is sort after an unsuccessful sale, he or she lowers the initial offer submitted. This hurts the initial target profit margins anticipated by the seller.