Selling land without proper preparation can lead to lost opportunities, disputes, or financial loss. Here are common mistakes and how to avoid them:
- Incomplete or missing documents: Always have your title deed, survey plan, and tax certificates ready.
- Poor pricing strategy: Overpricing scares buyers, underpricing loses money. Use comparable sales and valuations.
- Ignoring marketing: Simply putting a “For Sale” sign may not work. Use online listings, social media, and real estate networks.
- Neglecting buyer verification: Avoid scams by checking the buyer’s credentials and funding sources.
- Not understanding tax obligations: Sellers must pay taxes such as capital gains tax; failure to do so may delay registration.
Tip: Use a professional agent to avoid these mistakes and ensure the sale process is smooth, transparent, and profitable.
