Top Mistakes Made When Selling Your Home

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Avoid These 6 Common Mistakes When Selling Your Home.

Selling a house can be a challenging task, especially if you’re doing it for the first time. Many homeowners make mistakes that can waste time and money. You can make this process less daunting by avoiding these six common mistakes.

Choosing the wrong real estate agent is the biggest mistake that you can make when selling your home. Hiring an agent can reduce your stress and help you focus on other things. They are knowledgeable about the process, necessary paperwork, marketing, and safety precautions. To select the right agent, you should interview a few agents, ask for past clients testimonials, review their marketing plan, communication plan, and checkpoints for listings.

Sometimes homeowners are afraid of losing money by setting a low listing price. However, setting a price that’s too high when selling your home can have negative consequences, such as longer time on the market, addition of seller concessions, and price reductions. Your agent can provide you with a list of similar homes and their sold prices to suggest the best price for the best first impression. For more information about setting a listing price check out our article Pricing Your Home to Sell.

You should be aware of the fees that come out at the closing table, including loan payoffs, agent commissions, buyer’s concessions, and the cost of repairs to the house. Your agent can provide you with a net sheet, which breaks down the costs, and should be around 10% of your list price.

You should have a clear understanding of what’s important to you and your family. If you need to move out in 30 days, your agent needs to know that upfront. Sometimes the highest offer is not always the best offer for you, and you should negotiate based on your priorities..

Before listing your home, you should walk through it and look at it from a buyer’s perspective. You should take care of big-ticket items like plumbing, roof, or septic system, and talk to your agent about what to fix based on your needs. Click here for more on how to prepare your home.

You should be willing to have open houses and be available for potential buyers to see your home. Open houses can attract additional agents, generate more marketing, and increase the potential buyers for your home.

By avoiding these common mistakes, you can make the selling your home easier and more successful. It’s always best to consult with a reputable real estate agent who can guide you through the home-selling process.

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