6 Mistakes to Avoid When Selling a Villa in Bali
Common Mistakes That You Shouldn’t Do When Selling a Bali Villa
Selling a villa in Bali is not simple regardless if you have real estate experience in another country because Bali’s property market is rapidly changing and really particular with many intricate processes involved, but it's always highly rewarding since the market condition is favorable for most of the time. While the selling process won’t be straightforward every single time, there are some common misconceptions you must avoid to make it as smooth and least stressful as possible.
Is staging necessary for showing?
Staging is the best way to present your villa in its picture perfect form, even if the villa is brand new and still clutter free. For those who don’t know, staging is the process of physically preparing a property (ie. adding more furniture & decorations, decluttering) before putting it up for sale to make it more appealing towards buyers. Decluttering is tedious work if you currently live in the villa that you’re selling, but it’s really important because buyers can easily lose interest in messy villas.
Staging helps clients to visualize how they can use a room’s layout
Photo from Bali Home Immo
Staged properties sell faster than unfurnished villas in Bali because buyers can visualize how the living area is best used, which would be particularly hard to do in villas with large open-plan layouts. Buyers can also feel deceived if the villa that they’re visiting looks nothing like in the photos, so make sure that your villa looks as close as possible to the day when those photos were taken. Also make sure that all the necessary reparations have been done beforehand, because a simple thing such as a broken door knob can leave a buyer wondering if the villa has bigger problems to fix.
Also read: How to Prepare Your Villa for Rental and Sale
Should I sell on my own or list with an agent?
In this age of the internet, you might think that selling property is easier than it used to be and you can do it yourself. On the contrary, it’s actually more difficult now because social media and the online marketplace is already filled with people selling villas in Bali so you need a degree of expertise to get your villa noticed. Learning how to do this takes a lot of time which is not a luxury that you can afford if you need to sell quickly, and that’s why you need the help of a professional to speed things up. Bali’s most experienced real estate agency will not only serve as a mediator between the seller and the buyer, but also advise the seller on how to make their villa more appealing offline/online and more importantly, at the best price.
Professional Bali real estate agents can help you with valuation, marketing, and selling advice
Photo from Bali Home Immo
If you have been trying to sell without help from any real estate agent in Bali for months to no avail, perhaps it’s time to start contacting one. Avoid freelance agents because most of them don’t have the marketing tools and network of an established agency, which won’t be helpful at all especially if you’re after a quick sale. Consider listing exclusively with an agency for a more prioritized marketing effort, that way you can be sure that your villa gets all the attention that it deserves.
Also read: How to Renovate Bali Villas for Investment
Why is my villa not selling?
Is the asking price too high? Is the staging and/or photos not good enough? Is there any improvement that can be done to make it more attractive? Don’t waste any more time, ask your local real estate agent for insight on what could be done to attract buyers. The most common reason a villa isn’t selling is the price, so you might want to reduce it close to market price instead of insisting on a high price that doesn’t generate any interest. At Bali Home Immo, the majority of our clients buy villas for investment and they’re interested in reasonably priced villas that offer good ROI rather than well-designed but overpriced ones.
Also read: Measuring the Impact of Airport Reopening on Bali Villa Rentals
Lowering your asking price close to market rate can help attract potential buyers
Photo from Bali Home Immo
Do you have a villa for sale or rent in Bali? Let us help you find the right client by listing it with us. Since 2009, we have successfully helped hundreds of property owners in selling and renting out their properties to clients from all around the world. If you wish to have your property listed with us or have any questions to discuss beforehand, please do not hesitate to contact us.
Disclaimer: The content of this publication is provided as general information only and does not constitute legal, financial, tax, or other professional advice from Bali Home Immo. Some of the information provided on this publication is obtained from a third-party source and we do not guarantee that the content of this publication is accurate, complete or up-to-date. Past performance is not indicative of future performance and should not be relied upon as a basis for an investment decision.
