Seven Costly Mistakes Sellers Make- Are you going to be putting your home on the market soon? If this is your first time as a seller, or even if you’ve been through the process before, there are several factors and things to take into consideration in order to get the best return on your investment. You may have received tons of advice on the best things to do to sell from friends, family, the web or your real estate agent, but what about the things you should avoid? Below are the top seven mistakes most sellers make when putting their home on the market. Check them out and make sure you aren’t guilty of these errors.
- Not inspecting your home. If you have an older home you should consider having a certified inspector go through your home to make you aware of any issues or problems. That way you can take care of any repairs or maintenance necessary before potential buyers become involved.
- Skimping on prep. Think you can get away without freshening up your home’s interiors or staging for sale? Think again. You should at least give your home a deep, professional-level cleaning before showing it to potential buyers, and the more prep work you put into your home the faster it should sell.
- Forgetting curb appeal. Sure, your bedrooms, kitchen and bathrooms are staged, prepped and ready to go, but don’t forget that the exterior is the first thing potential buyers see when they tour your home. Enhance your house’s curb appeal by pulling weeds, making sure the grass is cut, or giving your front door a fresh coat of paint to give your house a polished impression.
- Setting a too-high asking price. You want to get your money’s worth for your home, but setting an asking price that’s too high often deters buyers who would be more open to negotiating. Discuss what your best price should be with your realtor, who is trained and knowledgeable in the local real estate market and can give you their advice.
- Withholding important information from potential buyers. It may sound like a good idea to forget to mention issues or problems your home has from buyers, but doing so can result in a bad negotiating period or worse, a lawsuit. Avoid this by taking care of the issue yourself and letting any potential buyers know of any issues they may face should they complete the purchase.
- Not preparing for the next step. Should you buy your next home before you sell your current one? What will you do if the transaction moves faster or slower than you originally planned? It’s important to discuss what actions you will take and make plans for paying your mortgage and closing costs.
- Choosing the wrong realtor. Sure, you’ve gotten glowing recommendations from various friends and family, but it’s important to choose a realtor who is knowledgeable about the market in your neighborhood and who has an excellent reputation for listing homes.
Keep these in mind and you’ll be putting up that SOLD sign in no time!
Are you in the process of selling your home? What do you think of these mistakes? Leave a comment and let us know!