As a real estate seller, you are likely (if not certain) to get many pieces of advice over the years. Many people in your industry – and even individuals who do not work in your industry – will think themselves fit to give you sage advice. Some of this advice will be honest and true and valuable, and some of it will prove to be nothing more than noise. Of course, it takes some practice and trial and error to figure out which advice is worth listening to and which advice is better left on the back burner. However, if there was one piece of advice that every real estate seller should heed, it is simple: sell your property as honestly as you possibly can.
Why should you do this? Well, the answer is quite simple. There are multiple reasons for this, some of them obvious, and some of them not so obvious. At the end of the day, it is all about doing the right thing by every party involved in the real estate sale in question. When it comes to selling property investment to eager real estate buyers, it is crucial that you approach every sale honestly. Here are the three most important reasons to sell your property honestly rather than strictly for your own benefit.
Peace of mind
More than anything else, there is the reality that honest selling is just the right thing to do. For your own peace of mind, sell your property as honestly as you possibly can. There is nothing worse than a smeared conscience, and if you knowingly sell the piece of real estate with some unnoticed, unmentioned issues hiding around the corners and under the floors, then they can – and almost certainly will – come back to haunt you over the years. If for no other reason than your peace of mind, sell your real estate property honestly and guilt-free.
Covering your bases
If you ensure that your real estate property is sold as honestly as possible, you can ensure that you have covered all your bases. Essentially what this means is that if problems arise with the piece of real estate after the handover, you can rest assured that you were entirely unaware and not at fault, and thus not liable for any damages or problems that might come to the surface in the decades after the sale. Of course, it is generally challenging, if not impossible, to stick a previous owner with issues that arise after you buy and move into a property, but it is never a bad thing to be on top of this aspect of the sale.
A positive track record
When you sell your real estate property honestly, you maintain a clean and positive track record in the real estate industry. It might sound surprising, but your track record as a real estate seller almost never matters – except when you get it wrong. People expect real estate sales to be orchestrated honestly, but if you go the other way, then your reputation will surely proceed you in the worst way. If you sell your real estate property honestly, you maintain your positive track record. Have you ever heard the saying, ‘no news is good news’? In the case of real estate sales, that is genuinely true.