|
Top 10 Sellers Mistakes: Also see -
10
Steps To Selling
|
Moving Checklist |
Moving
Your Families Pets
If you want to sell your
home, now is the perfect time to prepare. For most
people, a home is their largest lifetime investment, yet
many home sellers make costly mistakes when trying to
cash in. Here is a list of the most significant errors
and how to avoid them:
Home seller mistake # 1: Trying to
sell their own home.
Some people are able to sell their own home but
many aren't. Statistics also show that those sellers who
are successful in selling their home without a real
estate agent net less than sellers who use a
professional.
You probably visit a doctor when you are in ill health.
You also likely take your car to a mechanic for repair
and maintenance. When you require legal advice, chances
are that you seek the services of an attorney. Doesn't
it make sense that you should contact a real estate
professional when you are preparing to sell your biggest
asset?
Home seller mistake # 2: Choosing
the wrong agent.
Don't make selling a home more difficult by choosing the
wrong agent. You want an agent who works for you and
understands your needs and goals. It's important to
choose an agent with a solid marketing plan and track
record to sell your home. Your agent will also be in
close contact to walk you through the process so it's
important to choose someone who is both competent and
enjoyable to work with.
Home seller mistake # 3: Basing
their asking price on needs or emotion.
Many times, people make their pricing decisions based on
how much they paid or on how much time and money they
have invested in their home. This can be an expensive
mistake. Overpriced homes take longer to sell and
eventually net the seller less money. Consult with a
professional you trust and listen to their opinion. They
can assist you in pricing your home correctly from the
beginning.
Home seller mistake # 4: Failing to
stage their home correctly.
First impressions are the most important.
Experience shows that for every $100 in repairs that
your home needs, a buyer will deduct $300-$500 from
their offer. Thoroughly clean and prepare your home
before you put it on the market if you want top dollar
in the shortest amount of time.
Home seller mistake # 5: Signing a
listing contract with no way out.
Many real estate agents want you to sign a listing
contract with no way out. Things may not go perfectly so
patience and understanding is important when selling a
home, but staying with the wrong agent can cost you
valuable time and money. Ask potential agents about your
options if you aren't happy with their performance and
avoid signing a contract with no way out.
Home seller mistake # 6: Failing
to take the first offer seriously.
Many sellers believe that the first offer received will
be one of many to come. This is especially true if the
offer comes in soon after the home is listed. Often the
first offer is the best offer, and many sellers have had
to accept less money than the initial offer much later
in the selling process. Homes are most saleable early
in the marketing period so don't fail to take the first
offer seriously.
Home seller mistake # 7: Not
leaving the home for showings.
It is always best to leave the house during
showings. Home buyers feel awkward about opening closet
doors and lingering for a really good look at the house
if the seller is there. Give the buyers
adequate time and freedom to view your home without
being present to avoid this mistake.
Home seller mistake # 8: Not
knowing all of their legal rights and obligations.
Real estate law is complex. The contract that you
will sign when selling your home is legally binding.
Small items that are neglected in a contract can wind up
costing you thousands of dollars. You should consult a
knowledgeable professional who fully understands the
real estate transaction. If you work with a good agent
you will be educated along the way and avoid this
mistake.
Home seller mistake # 9: Leaving
unpleasant odors.
House odors are big on the uh-oh list. And
narrowing it down, odors from cigarette smoke and pets
take top billing, with mildew not far behind. If you
smoke in the house the smell can offend non-smokers. If
you have pets, it might smell, even if you
don't notice it. Ask someone who doesn't live there (and
don't get angry when they tell you the truth).
There's only one solution. Eradicate the odors
so that you can present buyers with a clean, fresh
atmosphere, not a house that's full of perfumes
to cover up the smell. Take the time and effort to
eliminate odors and avoid this mistake.
Home seller mistake # 10: Not
considering curb appeal.
You must grab their interest from the
curb if you want top dollar. Buyers often refuse to go
into a house with an unkempt yard, sagging doors or
peeling paint. You say you can't afford to paint? Okay,
but get that yard in tip-top shape and grab a
screwdriver to fix those doors. These small details can
make all the difference in how many buyers even consider
viewing the inside.
Also see -
10
Steps To Selling
|
Moving Checklist |
Moving
Your Families Pets
Back To Top
|