What Not to Do When Selling Your Home
1. Overpricing the Home
2. Hiring the wrong REALTOR
This one may seem a bit redundant. But you would be surprised at how many people make a huge mistake here. Not all REALTORS are built equal. There are numerous real estate agents offering their services. But only some of them are well-qualified to sell your home. Do they know they area? Have they been selling for long? What are their statistics like – percentage of homes sold, percentage of homes that sold for close to the original price (means he or she knows how to price the home)? Does the agent have a good reputation, one you can verify by talking to clients that were happy with their transactions? If you are interviewing an agent and they can’t answer these questions, I would say that is a huge red flag that the agent may not be the right one to sell your home.
Take some time and interview several different agents before you decide on one. The fee for hiring an agent is worth the cost, but only if the agent is good. Most homeowners do not take the necessary time to thoroughly interview agents. This can be a costly mistake!
3. Choosing to Neglect Obvious Repairs
There is no home that is perfect. Not even when freshly delivered from a builder. Every home has something that needs to be fixed. There are just some repairs that need to be done before you put your home on the market, that is if you want your home to sell for top dollar. Sometimes it is difficult to know what those repairs are, which is why it is helpful to have an experienced agent to discuss your home with(See number 2). But there may be some repairs you are already aware of that you know, deep down, must be dealt with. All home sellers should be aware of how to prepare for the buyers home inspection (Our next article will cover this, stay tuned…). Taking care of obvious and common issues is just good business!
If your carpets are stained and smell from inside pets, it is not something that buyers will overlook. They will actually look for more things wrong and offer you a lower amount. If your roof is literally falling apart, depending on where you live may lead to bigger problems and leaks in attic again resulting in no offers or low ball offers. Landscaping is another area that is hard to ignore. Move in ready properties fetch top dollar in the marketplace. What may cost you a few thousand today may result in tens of thousands when it comes to offer time.