Making a mistake in selling a home can cost you thousands of dollars. Often home sellers make the same mistakes repeatedly. Avoiding these mistakes takes little time and effort on your part. Take the time with your home sale and follow the guidelines below.
1. Distress Selling: At times, selling quickly is unavoidable. That's when knowing the right techniques to sell your home without looking desperate and making yourself a target for low bidders really pays off. Know all there is to know about the market before listing and work hand in hand with the right real estate professional.
2. Best Home in the Neighborhood: Your home is one of your most personal possessions. Don't be blind to flaws and needed cosmetic improvements. This will hurt it's chances to be sold. Listing with the right Realtor gives you a well informed third eye that will help you price your home at a fair market price.
3. Limited Home Viewing: Buyers want to view a home on their own time schedule. Unfortunately their time schedule does not always coincide with your time schedule. Have a lockbox so your home can be shown when you are not around. You never know if the one who got away was your buyer.
4. Restrain Emotional Decisions:Don't allow a few hundred dollars to ruin a sale. That money will mean very little to you in the long run. Take a look at the big picture and react rationally. Use sound business judgment!
5. Make Cosmetic Improvements: Prospects make up their minds within the first twenty minutes. First impressions can make all the difference in selling your home. Spending $1,200 on new carpet might add another $4,000 to the price of your home. Get an objective point of view from your real estate professional. They can provide you with a list of items that will maximize the profit of your home sale.
6. Disclose Property Flaws: Property disclosure laws require sellers to list any flaws required by your state. If you are unaware of flaws or attempt to cover them up, you risk losing the sale and finding yourself in court. Get professional assistance from your agent who can introduce you to qualified inspectors and ensure the smooth sale of your home.
7. For Sale By Owner: Most homeowners who decide to sell their own home do so because they believe they can save the commission paid to the real estate agent. Everything has a price and selling a home carries a high one. The enormous amount of time and effort required to sell a home often surprises the "For Sale By Owner." Furthermore, many costly mistakes can be avoided with the right guidance.
8. Refusing to Trust Your Realtor: Would you tell a physician that you've decided to run your own tests and come to your own diagnosis? By choosing the right Realtor, you can relax and trust their judgment. The right Realtor is a valuable team member who will protect your best interests and make your sale as profitable as possible.
9. Know Your Market: Most homes that do not sell in their first listing period are priced too high. Conversely, most homes that sell quickly are priced too low and cheat the homeowner out of profits. You need to understand the market and evaluate the value of your home based on fact, not gut instinct or conventional wisdom. A professional agent knows the market, just as you know the market for your business.
10. Choosing a Realtor Based Only On A Personal Relationships: Home sellers often pick a friend or family member as their agent. Choose a Realtor with an aggressive Marketing Plan. A good Realtor knows the market well and can generate many buyers. Selling your home is one of the most important decisions you'll ever make!
Before you make one of your most important decisions regarding your home sale shouldn't you become as informed as possible? By aligning yourself with a good Realtor you ensure that all the important issues and seemingly insignificant but important details are handled professionally.
All The Best,