Home Selling Mistakes to Avoid
Selling your home can be exciting and emotional at the same time. You’re selling the place you’ve lived in but might earn a decent profit. In addition, real estate is a great hedge against inflation and can be a great way to supplement any investment portfolio.
However, when you sell your home, you must avoid certain mistakes to make the most on your sale.
Don’t Overprice your Home
You love your home and think the world of it, but how much you think it’s worth might not match the market value.
It’s best to find out your home’s average value from a real estate agent or appraiser. This way, you know how much to ask for your home.
If you ask too much, you will turn potential buyers away. But, of course, you don’t want to cut yourself short, either.
Not Fixing Major Issues
Don’t assume you can hide your home’s major issues or that buyers will look over it. Most buyers will order a home inspection to ensure the home is in good shape.
So chances are anything wrong with the home will come up in the inspection.
If you’re honest upfront, you can negotiate with buyers. Maybe you offer to fix it or give them a credit at the closing to fix it themselves.
There are many options, but hiding the issue isn’t one.
Focusing on the Dollar amount of the Offers
An offer isn’t just about the money. Yes, you want to make as much as possible on your home, but there are other factors to consider.
For example, you should consider the intended closing date, contingencies on the sale, and what the buyer wants you to leave in the home.
Many of these factors affect your bottom line and the smoothness of the transaction.
Look at the big picture and ensure you’re getting what you intended.
Not Decluttering or Staging the Home
Finally, always make sure you declutter and stage your home. Make the home so that buyers can imagine themselves in your home.
If there is too much clutter or personalization throughout the home, they won’t feel at home and won’t be able to picture their items in it.
Instead, take out anything personal or clutter up the room so buyers can let their imaginations run wild.
Avoiding these home selling mistakes can help you sell your home quicker and for top dollar.
Working with a reputable real estate agent is the best way to ensure you get maximum value for your home and that the terms benefit you.
Trying to sell on your own, on the other hand, may lead to a bumpy road, complications, and loosing money in the process because of the challenges of managing the conditions of the sale.
If you're ready to sell your home, contact me today, and let me help you!