It requires
a large amount of money to purchase a house, and such investment is
made by very few people. Irrespective of everything, buying a
residential property is far more than the transfer of money. The same
thing is also applied to those people who sell their houses says Hirsh Mohindra.
The people interested in buying the house sometimes are so much
obsessed with the architecture and design of the property, do not
consider its location, and how far it is from the working place.
Strong
emotional feelings are attached to the house owners with the property
they are going to sell. Some people demand nothing less than one paid in
purchasing the house and overlook the market conditions, and in this
manner, they do not grab the best price offered in such a scenario.
There is an article on Market Watch, most of the owners of the house
quote the price up to ten percent more than the prevailing market price.
These properties remain unsold when owners are rigid on their quoted
price and ignore the market rate.
These
owners were those people when they bought the property at a higher
price, and the rates started coming down owing to economic development.
The owners have to face such situations in which the one does not hope
to get the expected profit and sometimes experience losses called loss
aversion theory in economics says Hirsh Mohindra.
One must decorate the house to have positive feeling, which is very
important while selling, but sometimes the potential buyer thinks
otherwise that may influence his decision.
Some buyers
get interested in purchasing when they smell the sweet fragrance of
perfumed candles in the house, and some people may think that these
candles are lit to shield unpleasant smell. Instead, flowers and fresh
air give a fine smell that won’t allow anyone to doubt. Sometimes, music
is played to please the buyer and make him interested in purchasing the
house. Although music irrespective of its kind is not noticeable, the
buyer may not like this idea of the seller and find it very unpleasant
as if he is forced to buy the property.
Property
dealers are preferred by the maximum percentage of people to sell their
houses in their way. They are showing their expertise to the interested
buyers and sellers besides selling the property. Real estate agents’
business mostly depends on the people who often come to you and getting
information about the potential buyers and sellers from the people who
are acquainted with you says Hirsh Mohindra.
The skill
of interacting is exceptionally vital throughout this process. This way
you will come to know about the people. The whole business of real
estate is full of stress and emotions, and these property dealers are
helpful to the people during this changing period of their lives. Those
property agents are more successful who clearly express themselves and
easily understand the people’s wishes, which they also are not aware of.
