DOING IT ON YOUR OWN
You might think you can save a lot of money by not paying commission, but in reality, you will miss out on a real estate agent’s market knowledge, contacts and help with the process. You have to remember that an agent will dedicate more time and effort into selling your home since that is his job. Not only for-sale-by-owner properties tend to sell for a lower price overall but also, hiring real estate agent is key to a more successful and less stressful home sale.
WAITING TO SELL
The current state of the market is perfect for selling your property. Prices are high due to extremely high demand, and they will probably stay stagnant or even slightly decrease in the next months.
PRICING TOO HIGH
You need to stay realistic about the value of your property. Selling your home can be quite emotional, which means – you will probably overprice it. Chances are you will eventually have to lower the number, but the peak period of activity that a new listing experiences is already gone. That’s why it is also important to have a real estate agent who will stay honest about what your home will sell for, based on the recent sales of similar homes in the area.
REFUSING TO MAKE CHANGES
Selling your house “as is” won’t yield the highest possible sale price. Homebuyers expect move-in ready conditions and want to see a neutral canvas that allows them to picture themselves living in the home. Neutralizing will make sure the potential buyer doesn’t think of the people currently living there. Another important thing is to remove the clutter, personal photos, personal design and so on. You should also think about major repairs. It might seem that cracks in the foundation or a new roof are extremely expensive fixes but, in reality, replacing the roof before listing your home can be cheaper than the cost a buyer would subtract from an offer.
HIDING PROBLEMS
That brings us to next potential mistake. If there are problems with the property you can’t afford to repair before putting it on the market, you must be honest about them. You are even legally required to do so. Even if the mistakes aren’t visible to the naked eye, you could be facing a lawsuit later in the process.
BEING UNAVAILABLE
You should be available 24/7 for calls and viewings while selling your property. When your property is on the market, that should be your priority. This is another point, where we can see, why hiring a real estate agent is beneficial. While you still have to do your work and are occupied with your family, he or she will be available at all times and will give a potential buyer all the attention he or she needs.
BEING UNWILLING TO NEGOTIATE
If you’ve received an offer for your house that isn’t quite what you’d hoped it would be, expect to negotiate. While you’ll naturally feel your asking price is more than fair, the only way to come to a successful deal is to make sure the buyer also feels like he or she benefits.
LETTING YOUR EMOTIONS GET THE BEST OF YOU
You should look at it as a business deal. Of course, having some emotional attachment to your property is normal, but you shouldn’t look at every low offer as a personal affront. It could be a start that can be either negotiated or declined. Furthermore, plans to renovate your property are not an insult to your taste, but a difference in preferences.
To conclude, the right professional help, a proper price and some renovation can make selling of your property much easier.
Source: U.S.News
