Selling a home might not be as scary as buying one, but there are still a few things that could go wrong when you’re putting up your property for sale.
Your home is probably one of your largest assets, so it’s only right to want to get the highest price for it. One of the most important things to remember when it comes to selling a home is to work with an agent that you trust completely. Your realtor will represent you in most aspects of the transaction, so you want someone who is honest, efficient, reliable, and highly knowledgeable. They have to be excellent communicators — someone who really listens and understands you and can be pretty persuasive as well.
Once you find the perfect real estate agent, you need to look out for any home-selling pitfalls next. Here are 5 home selling mistakes that you need to avoid.
Overpricing your property
Sure, you want to sell your property at the best price, but pricing it too high can actually do more harm than good. You might think that your home is truly worth such a high amount, but you might be a bit biased. If you’re intentionally overpricing to cover the cost of negotiations and the cost of your agent, then you might want to reconsider too.
Putting such a high value on your home from the onset can ward off strong potential buyers, especially if the list price of your home doesn’t match the price range of surrounding properties or the historical value of homes in the area.
Trying to sell the house yourself
Think you can save by selling the house yourself? Think again. A highly qualified and experienced agent can actually raise your asking price and help you sell the home much faster. They can also save you time because they already know the process like the back of their hands. On top of that, your agent will provide you with plenty of useful insights to make the home-selling process so much easier.
Failing to properly prepare your home
Not cleaning your home? Failure to do the necessary repairs? These overlooked mistakes can cost you a strong buyer or two. Make sure that your home is prepped and primed and looking its best before you put it on the market.
Not looking at the competition
Selling a house is pretty similar to selling any other product on the market. That is, you have to do competitor research. As much as you want to sell your house at your own price, it’s still important to look at what else is on the market.
Not being open to negotiations
Negotiation is a HUGE part of the home buying and selling process, so always be open to it. Buyers are looking to get the best bang for their buck and you’re looking to sell at the highest possible price. There’s a happy middle ground that you both can agree on, and this will only happen if you negotiate.
Still nervous to sell? Feel free to ask me for assistance! Book a free consultation with me today, and I’ll be glad to help you out.