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What to Consider When Selling Your Property

What to Consider When Selling Your Property

What to Consider When Selling Your Property. Many property owners may want to sell their properties for various reasons. Of course, everyone wishes for these sales to be made at the best possible price.

Therefore, it is beneficial to be extremely careful and calm when selling a property. Taking our region as an example, in Alanya, there are over a thousand real estate agents and thousands of properties for sale.

Therefore, working with a single real estate company that you can trust will allow you to sell your property at the best price in the shortest possible time.

Often, property owners, when they want to sell their property, engage in old-fashioned behaviors like thinking that talking to multiple real estate companies will benefit them by getting the sale done much faster.

However, technology has advanced significantly. Nothing shared on the internet (websites like sahibinden.com, social media accounts, and web pages, etc.) remains secret. Users searching for a property can easily access these shared listings.

As a result, when a property owner talks to multiple real estate offices, these companies will promote the property with different descriptions and price policies on the internet. In this case, each company will publish the property with different descriptions and advertisements, along with different pricing policies.

People who search for properties on the internet do not spend a lot of time. They quickly browse through their options. If they see the same property with different descriptions and prices, it can lead to negative perceptions.

Because people don’t spend much time when searching. They quickly look at their options. If they see the same property with different descriptions and prices, it won’t make the sale any easier; on the contrary, it will make it impossible.

As Home Fix, I wanted to share the details of a recent property transaction without naming names. Probably, this incident will be the kind of sharing that can help many property owners.

A gentleman in Alanya, who owns a large plot of land and houses in the center, reached out to us through a mutual friend. He wanted his land to be sold, if possible, or if not, to be handed over to a contractor in very favorable conditions.

We obtained the details of the land. Our goal was to ensure that the land was processed at the best possible value without making too much noise and to present it to one or at most two significant companies in a very accurate manner.

The first company we contacted about the land showed great seriousness and sincerity. We introduced the property owner to the contractor company. The property owner, who was of advanced age, was likely not aware of some important details that were in the contractor company’s interest, and the contractor company wanted to share these details with the property owner. This was surprising even to me, who has been in the real estate and construction industry for many years.

Therefore, as Home Fix, we achieved a very important task without making a fuss about the land. The property owner was given four different price offers, and our meeting concluded.

The property owner said he would have one last meeting with his children and would get back to us within a week. It seemed like everything had developed perfectly according to plan.

I heard news that the property owner had met with four different groups in the area after our meeting. I also learned that he had received offers from these companies. The tragic part of the story was that there were substantial differences between the offers he received and the offers we had received.

Trade is a secret

Certainly, what two people know is not a secret. The details of the price offers the property owner received reached all the way to the company we contacted.

My friend, the owner of the company, invited me to his office. He showed me the details of the offers. In addition, under the condition that it remained confidential, he introduced me to another intermediary who was working with the gentleman.

Whether you are a property owner or a contractor, both aim to do their work under better conditions. While we, as Home Fix, were striving for the land to be processed at the best possible conditions, he, following the old ways he was used to, missed out on great opportunities.

With the property owner receiving offers from different companies, and even at much lower rates, the contractor company we represented became very confused. What do you think he should do?

On the other hand, these are very large projects that could take 3-4 years. Trust is paramount. Because, in the middle of the project, the property owner can still cause problems for reasons we couldn’t even think of.

In conclusion

The company we represented gave up on the project because they did not find the property owner’s behavior sincere and trustworthy. Now, the property owner will have to go and make a deal with one of the other companies at much lower rates.

Lessons to Keep in Mind When Selling Your Property

An interesting story from which you can draw important lessons about what to consider when selling your property. Here are some lessons you can derive from this story:

  1. Working with a Single Real Estate Firm: When selling your property, working with multiple real estate firms can lead to encountering different descriptions and prices. This can confuse potential buyers and make the sale more challenging. Working with a trusted and successful real estate firm can help you sell your property more effectively.
  2. Importance of Privacy: Maintaining privacy during the sales process can help prevent potential disputes between parties. Real estate transactions are often sensitive matters, so it’s important to avoid unnecessary information sharing.
  3. Trade Involves Secrets: Recognize that in trade, both parties are trying to secure the best deal. However, preserving secrets and maintaining trust are also essential. Learning that one party received a lower offer from the other can shake trust and make collaboration more difficult.
  4. Building Trust Is Important: Trust is crucial between parties collaborating with a property owner. Behaviors that undermine trust can have negative consequences for long-term collaboration.
  5. Consider Long-Term Projects: Trust is especially important in large projects. Maintaining trust in long-term projects is in the interest of both parties. Unexpected issues or disagreements can jeopardize long-term projects.

    In conclusion, property sales and collaborations can be complex. Preserving privacy, trust, and effective communication are of critical importance for a successful property sale or collaboration. The lessons you can draw from this story can better prepare you for future property transactions.

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