Are you planning to put your home up for sale? Selling your home can be a daunting and challenging task. Before you put up the ‘For Sale’ sign beware of the common home selling mistakes that most homeowners and sellers often make.
Neglecting The Repairs Before Marketing
Don't rush the repairs just to save money. The home selling market is extremely competitive, now more than ever. If you want your home to sell your home in the shortest amount of time, you need to create a good first impression. Take the time to repair the leaks, cracks, peeling paint, and other structural, plumbing, or electrical problems.
Pricing The Home Incorrectly
Overpricing or underpricing the house can be one of the biggest home selling mistakes. Pricing your home can be tricky if you aren’t aware of the real estate market in your region. You should ensure you are aware of all sales and active competition in your area. Pricing the home incorrectly is a major reason why a home doesn’t sell easily and sits on the market for a long time and eventually fails to sell. Consult an experienced Perkins Group Agent to help you determine the correct value for your home, to sell it in the least amount of time for the maximum the market will allow.
Not Hiring An Agent
In an attempt to save money, some homeowners don’t hire a real estate agent. They prefer selling their homes by themselves or ‘For Sale By Owner’ (FSBO) to seemingly save money during the sale. But what these homeowners don’t understand is that most FSBOs fail in real estate due to lack of exposure and limited experience. FSBOs don’t know how to stage the home appropriately, negotiate the purchase price, or use the correct marketing strategies. This often results in a failed attempt or in many cases, a lower sale price.
Being Dishonest With Buyers
Some homeowners refrain from disclosing their home’s imperfections or major past repairs. They prefer to not disclose the present or past plumbing, electrical, structural, or other problems to potential buyers or even to agents in order to get a good value of their home. The agent or buyers can locate the problems later during the inspection and negotiation stage. This can create a bad impression in the market and you may lose out on many good deals. This can cause a transaction to collapse or worse, might be the cause for legal action against you in the future.
There are certain steps that homeowners need to take when preparing their house for sale. Selecting the right marketing strategies on the correct platforms is important. Posting random pictures of your house on social media and real estate portals or just spreading the word among your family and friends won’t give you the best results.
For a well-planned home selling marketing plan, screening quality buyers, and negotiating clearly with the potential buyers, you must hire and seek help from an experienced real estate agent. The agents at the Perkins Group understand what it takes to sell a home. They maintain transparency with buyers and sellers throughout the sale process.