Vendors who try and sell property themselves can often be worse off financially than if they used an agent, the Law Society of NSW has claimed.
The Law Society of NSW, which is providing consumers with a series of guides on the buying and selling process, said agents were best placed to help vendors navigate the sale of their most prized asset.
Many purchasers report that they feel that real estate ads often exaggerate the features of properties for sale.
Yet agents frequently report that when it’s their turn to sell, many proud home owners just can’t help wanting to ‘oversell’ their property by insisting that every feature of their home is highlighted in every ad, or by describing their home as having ‘four bedrooms’ rather than ‘three bedrooms and a study’.
While artistic licence is commonly used in real estate ads, blatant use of said licence can, and will, work against your property.