{"id":9957,"date":"2019-11-11T09:21:22","date_gmt":"2019-11-11T08:21:22","guid":{"rendered":"http:\/\/www.shmadrid.com\/blog\/en\/?p=9957"},"modified":"2019-11-07T11:30:53","modified_gmt":"2019-11-07T10:30:53","slug":"risks-selling-house-privately","status":"publish","type":"post","link":"https:\/\/www.shmadrid.com\/blog\/en\/risks-selling-house-privately\/","title":{"rendered":"Ten Risks of Selling Your House Privately"},"content":{"rendered":"<p style=\"text-align: justify;\">Selling your house privately and without the help of a real estate agent can be very tempting, but if you are not aware of every little step of the selling process, you can get yourself into serious trouble: with preparing your house to put it up for sale, the time house viewings take, asking public administrations or the notary for necessary information and all the paperwork that needs to be arranged.<\/p>\n<p style=\"text-align: justify;\">Today, this article by <a href=\"http:\/\/www.shmadrid.com\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>ShMadrid<\/strong><\/a> informs you of <strong>ten risks when selling your house just by yourself<\/strong>. Please consider these details, in order for the sale of your property not to turn into a nightmare.<\/p>\n<p style=\"text-align: center;\"><em>Related article:\u00a0<a href=\"http:\/\/www.shmadrid.com\/blog\/en\/sell-house-madrid\/\">How to Sell Your Home in Madrid<\/a><\/em><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.shmadrid.com\/blog\/en\/risks-selling-house-privately\/#beware-of-the-dangers-of-selling-your-own-home\" title=\"Beware of the dangers of selling your own home\">Beware of the dangers of selling your own home<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.shmadrid.com\/blog\/en\/risks-selling-house-privately\/#1-knowing-the-real-estate-market\" title=\"1 Knowing the real estate market\">1 Knowing the real estate market<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.shmadrid.com\/blog\/en\/risks-selling-house-privately\/#2-competition-real-estate-market-and-banks\" title=\"2 Competition real estate market and banks\">2 Competition real estate market and banks<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.shmadrid.com\/blog\/en\/risks-selling-house-privately\/#3-time-consuming-house-viewings-and-defining-a-sales-strategy\" title=\"3 Time consuming house viewings and defining a sales strategy\">3 Time consuming house viewings and defining a sales strategy<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.shmadrid.com\/blog\/en\/risks-selling-house-privately\/#4-compare-internet-prices-and-actual-selling-prices\" title=\"4 Compare internet prices and actual selling prices\">4 Compare internet prices and actual selling prices<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.shmadrid.com\/blog\/en\/risks-selling-house-privately\/#5-be-careful-during-house-viewings\" title=\"5 Be careful during house viewings\">5 Be careful during house viewings<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.shmadrid.com\/blog\/en\/risks-selling-house-privately\/#6-check-out-real-estate-portals-before-advertising\" title=\"6 Check out real estate portals before advertising\">6 Check out real estate portals before advertising<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.shmadrid.com\/blog\/en\/risks-selling-house-privately\/#7-knowing-your-legal-stuff\" title=\"7 Knowing your legal stuff\">7 Knowing your legal stuff<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.shmadrid.com\/blog\/en\/risks-selling-house-privately\/#8-taking-pictures-of-your-property\" title=\"8 Taking pictures of your property\">8 Taking pictures of your property<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.shmadrid.com\/blog\/en\/risks-selling-house-privately\/#9-documentation-complete\" title=\"9 Documentation complete?\">9 Documentation complete?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.shmadrid.com\/blog\/en\/risks-selling-house-privately\/#10-the-first-offer-may-be-the-best\" title=\"10 The first offer may be the best\">10 The first offer may be the best<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"beware-of-the-dangers-of-selling-your-own-home\"><\/span>Beware of the dangers of selling your own home<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"1-knowing-the-real-estate-market\"><\/span>1 Knowing the real estate market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div id=\"attachment_9959\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"http:\/\/www.shmadrid.com\/blog\/en\/wp-content\/uploads\/2019\/11\/vender-piso_opt-300x200.jpg\"><img aria-describedby=\"caption-attachment-9959\" loading=\"lazy\" class=\"size-medium wp-image-9959\" src=\"http:\/\/www.shmadrid.com\/blog\/en\/wp-content\/uploads\/2019\/11\/vender-piso_opt-300x200-300x200.jpg\" alt=\"modern living room with leather couches and glass table\" width=\"300\" height=\"200\" \/><\/a><p id=\"caption-attachment-9959\" class=\"wp-caption-text\"><em>Photo via Pixabay<\/em><\/p><\/div>\n<p style=\"text-align: justify;\">You want to sell your apartment or house for the price it is really worth. Besides that, you must also take into consideration the amount of money you need for your new home or building project.<\/p>\n<p style=\"text-align: justify;\">You have to think carefully about every little step of selling and <strong>buying a<\/strong> <strong>home<\/strong> and make some serious calculations, before putting your <a href=\"https:\/\/www.shmadrid.com\/flats-for-sale\"><strong>apartment up for sale<\/strong><\/a>.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"2-competition-real-estate-market-and-banks\"><\/span>2 Competition real estate market and banks<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">When potential buyers have done a viewing of your house and inform you they like it, they will then go to their bank for financing.<\/p>\n<p style=\"text-align: justify;\">That is the exact moment you run the risk of losing your buyer, because the bank will offer better financing conditions if the buyer decides to purchase one of the properties the bank has in its portfolio.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"3-time-consuming-house-viewings-and-defining-a-sales-strategy\"><\/span>3 Time consuming house viewings and defining a sales strategy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">You should be ready to welcome the <strong>many potential buyers<\/strong> that want to <strong>view<\/strong> <strong>your property <\/strong>into your home and reserve lots of time for them. You need to know how and where to market your house, not only to attract a possible buyer, but also by defining a price and negotiation strategy.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"4-compare-internet-prices-and-actual-selling-prices\"><\/span>4 Compare internet prices and actual selling prices<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">If you want to investigate the<a href=\"https:\/\/www.shmadrid.com\/blog\/en\/rental-market-madrid-prices-evolution\/\"><strong> real estate market<\/strong><\/a> for similar properties as yours, then it is good to know you should always compare prices on different platforms with <strong>real<\/strong> <strong>price properties<\/strong> have actually been <strong>sold <\/strong>for.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"5-be-careful-during-house-viewings\"><\/span>5 Be careful during house viewings<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Hosting an open house, or any house viewing for that matter, in order to <a href=\"https:\/\/www.shmadrid.com\/blog\/en\/sell-house-madrid\/\"><strong>sell your property<\/strong><\/a> quickly takes a lot of preparation. Always be aware that you run the risk of attracting not only serious and potential buyers, but you might also invite:<\/p>\n<ul style=\"text-align: justify;\">\n<li>Squatters<\/li>\n<li>Thieves<\/li>\n<li>People who are just curious and nosy<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><em>Related article:\u00a0<a href=\"http:\/\/www.shmadrid.com\/blog\/en\/home-staging-techniques\/\">Home Staging Techniques<\/a><\/em><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"6-check-out-real-estate-portals-before-advertising\"><\/span>6 Check out real estate portals before advertising<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div id=\"attachment_9960\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"http:\/\/www.shmadrid.com\/blog\/en\/wp-content\/uploads\/2019\/11\/vender-piso-I_opt.jpg\"><img aria-describedby=\"caption-attachment-9960\" loading=\"lazy\" class=\"size-medium wp-image-9960\" src=\"http:\/\/www.shmadrid.com\/blog\/en\/wp-content\/uploads\/2019\/11\/vender-piso-I_opt-300x296.jpg\" alt=\"modern kitchen with wooden floors\" width=\"300\" height=\"296\" srcset=\"https:\/\/www.shmadrid.com\/blog\/en\/wp-content\/uploads\/2019\/11\/vender-piso-I_opt.jpg 300w, https:\/\/www.shmadrid.com\/blog\/en\/wp-content\/uploads\/2019\/11\/vender-piso-I_opt-45x45.jpg 45w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-9960\" class=\"wp-caption-text\"><em>Photo via Pixabay<\/em><\/p><\/div>\n<p style=\"text-align: justify;\">There are different aspects to a good real estate portal. It needs to connect with your target group of possible buyers. Unfortunately, some portals are mainly aimed at real estate agencies. Choose the website or portal that really works for your property.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"7-knowing-your-legal-stuff\"><\/span>7 Knowing your legal stuff<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">If you have signed an earnest money contract and the deal falls through for whatever reason, buyers can request up to double the amount of money they granted you as a deposit.<\/p>\n<p style=\"text-align: justify;\">In addition to this: if you don&#8217;t cancel the first sales contract and make a new deal with another buyer, you could be committing a crime.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"8-taking-pictures-of-your-property\"><\/span>8 Taking pictures of your property<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">Having a few &#8216;ok shots&#8217; of your property and posting them online will not sell your property. Buyers are looking online at lots of properties at the same time, and photos should therefore be professional and display its real features and key characteristics.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"9-documentation-complete\"><\/span>9 Documentation complete?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\">First of all you should know when your documentation is complete. What specific paperwork do you need? Think of items like: an <strong>energy efficiency certificate<\/strong> and property documentation, like professional and original building plans of the property.<\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"10-the-first-offer-may-be-the-best\"><\/span>10 The first offer may be the best<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><strong>All offers<\/strong> should be analyzed and <strong>considered carefully<\/strong>, because extending the sales period will not guarantee a higher selling price. Sometimes a buyer shows up in the first few days after you have put your house up for sale, and the offer may actually be the best offer you will get.<\/p>\n<p style=\"text-align: center;\"><strong>Have you ever sold your home without the help of a professional real estate agency?<\/strong><\/p>\n<div style=\"display: none;\"\n    class=\"kk-star-ratings kksr-valign-bottom kksr-align-center kksr-disabled\"\n    data-id=\"9957\"\n    data-slug=\"\">\n    <div class=\"kksr-stars\">\n    <div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\">\n            <div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\">\n            <div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\">\n            <div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\">\n            <div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\">\n            <div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n    <\/div>\n    <div class=\"kksr-stars-active\" style=\"width: 0px;\">\n            <div class=\"kksr-star\">\n            <div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\">\n            <div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\">\n            <div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\">\n            <div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\">\n            <div class=\"kksr-icon\" style=\"width: 20px; height: 20px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n    <div class=\"kksr-legend\">\n            <span class=\"kksr-muted\"><\/span>\n    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Selling your house privately and without the help of a real estate agent can be very tempting, but if you are not aware of every little step of the selling process, you can get yourself into serious trouble: with preparing your house to put it up for sale, the time house viewings take, asking public [&hellip;]<\/p>\n","protected":false},"author":318,"featured_media":9958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1333],"tags":[2188,2186,2187],"_links":{"self":[{"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/posts\/9957"}],"collection":[{"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/users\/318"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=9957"}],"version-history":[{"count":13,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/posts\/9957\/revisions"}],"predecessor-version":[{"id":9986,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/posts\/9957\/revisions\/9986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/media\/9958"}],"wp:attachment":[{"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=9957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=9957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shmadrid.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=9957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}