When it comes to selling property in Mexico, you want to get the best possible price in the shortest amount of time. However, this is not always easy to do. In fact, there are a number of common mistakes that home sellers make that can end up costing them money and prolonging the selling process.
In this blog post, we will discuss the top 5 tips home sellers need to follow in Mexico’s real estate market so that you can follow them and sell your home quickly and for top dollar.
1 . Get Your Capital Gains Taxes Estimate When Selling Property in Mexico
As a home seller, it’s important to be aware of all the potential costs associated with selling your property. One such cost is capital gains taxes, which are levied on the sale of capital assets such as real estate. When you list your home for sale, your realtor should provide you with an estimate of the capital gains taxes that will be due on the sale. This estimate will help you to budget for the taxes and avoid any surprises at closing.
Keep in mind that the actual amount of taxes owed may be higher or lower than the estimate. It depends on the final sale price of your home and your immigration status in Mexico. However, having an estimate will give you a good idea of what to expect and help you to avoid any unpleasant surprises down the road. For further information, you can contact a Notary in Nayarit.
2. Pricing Your Home Just Right
Another mistake that home sellers often make is pricing their home too high. They may think that by doing this they will leave room for negotiation or that they will eventually get an offer close to their asking price. However, this is rarely the case.
Buyers today are very well-informed and they know exactly what homes in your area are selling for. If you price your home above market value, buyers will simply move on to another property that is priced more realistically. As a result, you could end up sitting on your property for months without receiving any offers. Check out our Instant Property Evaluation Tool.
3. Prepare Your Home For Showings
When potential buyers come to see your home, you want to make sure that it is clean, spacious, and bright so that they can see themselves living there. Unfortunately, many sellers do not take the time to prepare their homes for showings and as a result, they lose out on potential sales.
Some simple things you can do to prepare your home for showings include decluttering, deep cleaning, and making small repairs such as fixing broken fixtures or cracked tiles. By taking the time to do this, you will be more likely to receive an offer from a serious buyer.
4. Disclose All Issues With The Property
If there are any issues with your property it is important that you disclose these issues to potential buyers before entering into negotiations. Problems such as: mold, termite damage, water damage, or structural problems, If you do not disclose these issues and the buyer discovers them during inspections or after closing on the property, they could sue you and ask for their money back with interest.
5 . Be Flexible With Showing Times
If you want your home to sell quickly, it is important that you are flexible with showing times . This means allowing potential buyers to see your home at their convenience rather than trying to schedule around your own schedule . Buyers often have very busy schedules and if you are not flexible with showing times. They will simply move on to another property where they can view the property at their convenience .
For the very best in real estate investment and advice, call us today at NuHome Realty.