Top Mistakes Homeowners Make When Selling Their Home
Sunday, 10 December 2017, 03:05:00 PM
Those who list their home on the market and are ready to relocate often want to sell the property as soon as possible. There are many steps involved with selling a house, making it necessary to be prepared and plan ahead. If you're ready to find a buyer, there are a few common mistakes to avoid making.
Pricing it Too High
Many homeowners fail to get their house appraised ahead of time to ensure that have a good understanding of what it's worth. Not knowing the value of your property can make it easy to price it too high, which can turn off potential buyers. Overpricing will cause it to sit on the market for a longer period of time and can cause the value to drop due to a lack of interest.
Review similar homes in the local area and perform an inspection with a professional to determine if there are any underlying issues that may affect what the home is worth.
Trying to Sell it on Your Own
Although you may want to make more of a profit when the home sells by listing it on your own, you can have less success without the help of a professional. Hiring a REALTORŪ will allow the property to have more exposure on the market and can make it stand out due to the professional's tips.
A REALTORŪ will work as the middle man during the negotiations process to ensure that you sell the home for a higher price without turning off the buyer. They'll have the power to list it in more places and can offer tips on how to make it more appealing.
Find a REALTORŪ that you're on the same page with to ensure that they understand your needs and financial situation. They should communicate well and tell you what you need to hear. Look for a professional who can respond quickly to your questions or concerns.
Not Prepping the House
Although you may be in a rush to get the home listed, it's important to prep the home to ensure that it's attractive and stands out on the market. You'll need to set aside a few months for cleaning, staging the interior setting, and performing repairs. Tidying up the landscaping can increase the curb appeal of the home and will make it look inviting in your ads.
Removing clutter is also necessary to ensure that the home appears maintained and more spacious. Consider removing all paperwork, personalized items, and bold decor that might not appeal to most buyers. Keeping the setting neutral is necessary to ensure that it sells faster.
Using Low-Quality Images
The photos that you use in your ads is the first impression that you make to buyers, making it necessary to hire a professional to take the pictures. The pictures should be taken during the day when there's plenty of natural light in each room for a well-lit and uplifting setting.
Failing to Have a Backup Plan
It's difficult to know what to expect once you list the home on the market, making it necessary to have a backup plan established. Some people sell their home too fast, which can leave them without a place to live. Others don't sell the home soon enough, which leads to extra expenses and delays with moving. Plan for different circumstances to ensure that you can afford listing your home for several months or have a place to stay if you need to move out sooner than you expected.
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The information provided is for the clients' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties clients may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Greater Baton Rouge Assoc. of REALTORS® Last Updated: 3/17/2018 8:28:44 PM