It is important to educate yourself about selling a home, as this is one of the most important things you will do as a seller. Selling your home can be extremely stressful, but even more stressful, is the home sitting on the market for a long time. Below are some tips that will help you avoid certain mistakes.
Choosing a bad realtor
A bad agent will kill your selling price, leaving less money in your pocket. Remember that selling is different from buying, so the realtor that helped you buy your home ten years ago may not be as experienced in selling homes.
Hiring someone close to you
You might think that working with an agent personally close to you will be fun, but it’s generally not a good idea. When an agent is working with a typical client, there’s more pressure to impress. If the agent doesn’t impress their client, there won’t be any personal referrals from that client.
Not pricing your home correctly
Setting the price too high can cause your home to sit on the market for a long time, making it unattractive to buyers.
Trying to sell it alone
Hiring an agent is the way to go. There are countless studies that back up the fact that having a realtor will help your home sell faster, and provide a smooth transaction. Selling your house is more than coming up with a number and finding a buyer. There are are many legalities to the process, and you don’t want to do anything illegal on accident.
Remaining attached to your home
As hard as it is to accept, realize that this is no longer your home. Do your best not to be offended by a hopeful buyer’s demands. Don’t ruin a selling opportunity because you refuse to leave a light fixture behind that the buyer really wants because you’re attached to it.
Ignoring issues within the house
This is the time to make repairs to the home. Things such as leaky faucets, a burnt outlet, or carpet stains are a very large turnoff to a buyer.
Not marketing the home
It is a fact that homebuyers look on the internet to find a home. There are hundreds of available houses online, and yours must stand out if you want yours to be considered. You should hire a photographer, and consider hiring a stager for optimal results.
Not keeping up the appearance of the home
You don’t need to go into debt landscaping the yard, but at least mow it, weed, throw away any dead flowers, and add a nice floor mat. Too many unattractive things about the exterior of the home will turn off a potential buyer. If you can’t afford to hire anyone, there are many DIY activities you can do to alleviate the issues.
Not depersonalizing the home
It is crucial that you remove family photos, and clear off the refrigerator. Buyers have to envision themselves living in the home, and seeing photos of you and your great-grandmother does not do you any favors.
Being unrealistic about your financials:
You want to be clear on your remaining loan payoff and any other issues with paying off your mortgage early, and you need also be sure that you are qualified for a new loan. Many sellers forget to do this, and are in a rough spot when they aren’t able to buy a new home after selling theirs.
Mistakes People Make When Selling a Home