After giving it much thought, you have finally made the decision to sell your home. Although this should be an exciting time for you and your family, it can also be surprisingly time-consuming and emotionally challenging. This is especially true if you have never done it before and you have little or no experience at all.
In this case, you will need to come up with a game plan to help sell your home successfully while getting a great return on your investment within a reasonable time frame and without losing your mind.
While most sellers rely on informational guides to get acquainted with the basics of the selling process and become fluent in real estate, there is a great possibility that they may easily fall into a number of pitfalls which will make their entire selling experience less than ideal.
To prevent this from happening, here are five mistakes to avoid when selling your home.
Not hiring a real estate agent
One common mistake sellers often make when selling their home is not hiring a real estate agent to help them along. Although these agents typically command a hefty commission, the reputable ones will have your best interest at heart and help you sell your home at a fair and competitive price.
Besides this, a real estate agent has great knowledge of the current housing market and will be able to handle any issues that come along while negotiating with potential buyers. Plus, they are familiar with all the paperwork and real estate transactions and can make the process go more smoothly.
Pricing your home incorrectly
Pricing a home is actually very tricky for first-time sellers. If people price their property too low, they risk the chances of losing thousands of dollars in profit. If they price it too high, they could turn away serious buyers or increase the risk of wasting time before they have to reduce it to a realistic price to get an offer.
This is where a real estate agent can come in handy to make a detailed comparative market analysis and show you how much homes like yours are selling for in your area.
Not preparing your home for sale
Another common mistake homeowners also make is not preparing their home for sale. The thing is you have to make a great first impression on your buyers, so it is crucial that you get it ready ahead of time to successfully sell it.
Preparations include everything from decluttering your living space and doing any necessary repairs to staging your home so you can maximize the value of your property.
If you want, you can even hire an inspector to thoroughly check your home before it hits the market so there will be no surprises when buyers come to your house showings.
Skimping on listing photos
With today’s massive use of technology, the chances are buyers will look for homes online. And if there is one thing that will certainly catch their attention, it is the photos of the property which should be of the best quality.
For example, you should take good photos during the day when there is plenty of natural light available as that will help showcase your home’s best assets. Consider using a wide-angle lens to give buyers a better idea of what the rooms look like. Also, make sure you create a video or add a 360-degree view to further enhance your listing.
If your house is on the market, showing it to buyers should be your top priority. This means that if you get a call from a potential buyer asking to see your property, you should schedule a meeting at a time that suits you both so they can come check it out.
Even if it is the holiday season, an interested buyer is likely to be serious about making an offer and you shouldn’t refuse a showing. Whatever the case may be, remember to always leave your house in a pristine condition so you can make a great first impression.
Because selling a home can be overwhelming and tedious, there is a great chance that first-time sellers will make mistakes along the way. Not only will this prolong the entire selling process, but it can certainly cost them money, too.
Therefore, it is important that people come up with a great plan ahead of time to follow along so they can quickly and successfully sell their home.
For more information on this matter, refer back to our guide to learn about the mistakes you should avoid when listing your property on the market.