7 Mistakes That Will Cost Home Sellers
The Real Estate Market Has Changed…
Remember not so long ago, when you could make your fortune in real estate. It was nothing then to buy a home, wait a short while, and then sell it at a tidy profit. And then do it all over again. Now, more and more commonly, we’re seeing the same mistakes that cost home sellers thousands!
Well, as you probably know, times have changed. As good as the market is right now, home prices are still below what they were at their peak. Buyers are far more discriminating, and a large percentage of the homes listed for sale never sell. It’s more critical than ever to learn what you need to know to avoid costly home seller mistakes so that you can sell your home fast and for the most amount of money.
1. Failure to analyze why you’re selling.
Not knowing why you’re selling is failing before you even start!
2. Not preparing your home for the buyer’s eye.
Clean, clean, clean. Make sure your home is clean, smells fresh, and looks it’s best for any potential buyer!
3. Pricing your home incorrectly.
An over-priced home loses it’s appeal very quickly and won’t even be considered by most buyers. Or, even worse, price your home too low and you’ll lose out on thousands of dollars. Pricing your home correctly is critical to a good sale.
4. Selling too hard during showings.
Nobody wants to be oversold on something. Let the buyers picture themselves in your home, give them some space, and make them feel comfortable while they consider their options.
5. Signing a long-term listing agreement without a written performance guarantee.
Signing a long-term listing agreement can leave you stuck without options if there is no attached sale guarantee and the home doesn’t sell. Always make sure to avoid these types of contracts or go with an agent that has a seller guarantee.
6. Making it difficult for buyers to get information on their homes.
Always make sure it’s as easy as possible for potential buyers to get any information they may need on your home. Put together all the information you think that may be relevant and give it to your agent so they can simplify the process for buyers.
7. Failing to obtain a pre-approved mortgage for one’s next home.
Nothing’s worse than selling your previous home and not getting approved for the mortgage on your next home. Make sure to get pre-approval for your mortgage so you know with certainty that you’re ready to buy!
Don’t let one of these simple mistakes cost you!
Now that you know what to avoid, you’re almost ready to sell your home with confidence that you’re getting the best price you can, and not making any of the most common mistakes that cost home sellers!
For some more tips on selling your home quickly and at your asking price, check out our 9 steps to sell your home fast and for top dollar article. If you’re looking for something more complete about selling your house, check out our ultimate guide to selling your home.
