Don’t make these mistakes when selling a house
Find out how much selling mistakes cost sellers and why home sellers make mistakes.
“Oops” isn’t something you want to say when selling your home. Or at least, not often. Mistakes on the little things aren’t a big deal. But for big investment like home, a small mistake can cost you lots of money, so care is extremely required along with correct information and best help.
Dont make these mistakes when selling a house
Sell your home fast
An opportunity to move to a new location and hopefully make a profit from the sale of your home is important. Before you get too excited about seeing the “Sold” sign out on your lawn there are several common mistakes that many home sellers make. With no experience and a complex, emotional transaction on your hands, it’s easy for first-time home sellers to make lots of mistakes. So read below for some best tips on home selling.
1. Entering the housing market at wrong time:
Before you decide to throw up the “For Sale” sign, examine why you are ready to move. Make sure you are ready to sell! BUT even before that examine your neighboring communities, close to zip code housing market statistics using housing tools from Zillow, Perfectdwell. If you live in a high-demanded area, like for tourists, businessmen, travelers or that has great real estate value in terms of worth, then your outlook could be better than a neighboring community that has 1/3 of their properties on the market, and has for the last 6 months.
Also overall good housing market due to low interest rate, statistically better to seller means its good time for you to be on market. Again make sure you are ready though. Being yourself ready to move and housing market can be dependent. Season like winter is considered worst time for house sellers.
2. Hiring a Realtor based on personal preference:
I shall start saying hire a real estate agent based on his/her past records, not based on your personal familiarity. We all may have a Realtor in the family or know one that is a friend of a friend. While this may be great on a personal level, ensure you research their history of selling homes in your area.
3. Home Is Priced Too High:
Yes, Price is key also for buyer. Don’t price your home according to the profit you want to have! This is when you need best real estate agent to help with pricing also. Do compare similar home prices from sites like Perfectdwell, Zillow, Redfin. If price is not good, you will get stuck not being able to sell home, no matter how beautiful it is. If the home is overpriced, buyers might submit lowball offers, which tend to result in an immediate offer rejection. These extremely low offers tend to infuriate and insult sellers.
4. Over customizing your home:
Keep in mind – a 100,000 renovation doesn’t mean to raising your asking price the equivalent amount. When making renovations try and stay in-line with your neighboring houses that may become the competition in future years. Small home projects like cleaning, making clutter free, gardening, mowing, painting, moving pets make lots of sense. But don’t break your back doing big home renovations thinking you will get same return when selling.
5. Letting your emotions rule when negotiating with buyers:
Once you decide to sell your home, it can be helpful to start thinking of yourself as a businessperson and a home seller, rather than as the home’s owner. You may have spent unforgettable times in that house, might have spent lots of money for customization, family raised in that house and etc, but again if need to move, forget these things and get out of emotion. Be a businessman, hire best agent, sell house and move as needed!
6. Skimping on Listing Photos:
Active online marketing, quality photos, 360 videos are all plus points for selling your house. Don’t make mistake by not showing beautiful pictures from professionals. Put virtual tour video, pictures. Good photos should be crisp and clear, should be taken during the day when there is plenty of natural light available, and should showcase your home’s best assets. Consider using a wide-angle lens if possible. Look at one example here…
7. Trying to sell your home before it’s physically ready:
Don’t hurry hence don’t panic! Before you take pictures, make sure your house is ready. Home in bad condition is extremely difficult to sell unless you put rock bottom price and loose money. So get any kind of home renovation estimates quickly. Get local contractors 24/7 from Perfectdwell. Some about this topic is discussed here.
8. Not Accommodating Potential Buyers:
If someone wants to view your house, you need to accommodate this person, even if it is inconvenient for you.
Before you rush to sell your home look to these tips to ensure a quicker sale. When you’re ready to sell your home, be sure you avoid these common missteps.
It’s common for sellers to be very emotional about their homes, and to be overcome by seller’s remorse. However, some sellers weep for a different reason. They sob because they can’t sell their home.