What to avoid when selling your home
Category Newsletter
Let's take a look at the most common mistakes people make when selling their home. 1. Selling your home privately There are certain things that should be left to the professionals. While doing it alone might be a tempting option to avoid paying an estate agents commission, working with a real estate professional will ensure that the home is sold for the best possible price within the shortest possible time. A professional agent will provide the seller with a property valuation, advice, and all the additional data you need in order to ensure the property is correctly priced to sell. They will also market the property to the correct type of buyer from their database of potential purchasers. 2. Overpricing the property While it is good to have high expectations, sellers should rather be smart when pricing their home. Although many sellers will be tempted to overprice their property to counteract buyer negotiations, overpricing could chase buyers away altogether, leaving the home sitting on the market for longer than it has to. Listing the home at a price above fair market value and then letting it drop several times can also lead to a lower selling price than the seller was originally hoping for. A savvy agent can help the seller set the best, most competitive price for their home based on other recent sales and local market trends. 3. Worrying about the little things When selling a property, it is important to keep things in perspective. The seller needs to bear in mind that they are in the process of one of the biggest financial transactions they are likely to ever make. While it might be easy to get distracted by the costs of the pre-listing repairs and upgrades, once the home is sold, the seller can focus on the rewarding outcome and forget about the small frustrations along the way. 4. Becoming overly emotional It is easy to get wrapped up in the fact that many memories have been built up in the home, however, while these are heartfelt stories, they will not win over buyers. Although sellers will have an emotional attachment to the home, potential buyers will only be looking at the home itself. The sellers personal history with the home can sometimes cloud a buyers judgment, which is where an objective estate agent can be a valuable asset. Avoiding these mistakes will help to ensure that the process of selling a home is less stressful and a far easier procedure to handle.
Author: Property 24
