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Selling a home is one of the most significant financial transactions many people will ever undertake. It's a complex process that involves numerous steps, and making mistakes can be costly. To ensure a smooth and profitable sale, it's crucial to be aware of common pitfalls and how to avoid them. Here are some of the most common mistakes sellers make and tips on how to steer clear of them.
1. Overpricing Your Home

One of the biggest mistakes sellers make is overpricing their property. While it's natural to want to get the best possible price, setting the price too high can deter potential buyers and lead to your home sitting on the market for an extended period. Overpriced homes often require price reductions, which can make buyers wary and give the impression that there's something wrong with the property.
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    PropertyGuideLatvia

    PropertyGuideLatvia 106 days ago Permalink

    The technical condition assessment of a property is a process of evaluating the materials, aspects of construction and technical performance of real estate. Its main purpose is to determine the safety of a property, both short-term and long-term, as well as to define possible risks in the future. It may also include the inspection of any surrounding infrastructure, such as elevators. The process is governed by the Rules on the Latvian construction standards LBN 405-15 - technical assessment of buildings (in Latvian: Noteikumi par Latvijas būvnormatīvu LBN 405-15 ‘Būvju tehniskā apsekošana’).

    A technical condition assessment can be performed whenever the owner of the property wishes, including at the inquiry of a potential buyer of said property, but it also must be performed routinely during the time the real estate is used, as it is prescribed in the aforementioned law. Additionally, there is a number of special cases when it must be performed, e.g. before starting any renovation works or before continuing construction works in case they were stopped for a time.

    https://propertyguide.lv/en/assessment/condition/

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