You’ve decided to sell your home and naturally you want to sell it quickly, profitably and smoothly. To maximize your success, here are are five common and costly mistakes to avoid when selling your home.
MISTAKE #1 - Overlooking Repairs:
Making repairs before selling is a must. These include electrical issues, water damage, rotten or chipped flooring, or a leaky roof. Consider getting a pre-inspection to uncover necessary repairs that might spook buyers
and cause them to lower their offer or back out of the deal.
MISTAKE #2 - Overpricing Your Home:
Buyers are going to compare a sale price to other homes in the area, so your home should be priced competitively. Make sure your REALTOR® provides a comparative market analysis to help establish a competitive price and
has their own system for helping you price your home.
MISTAKE #3 - Over-sharing With Buyers:
Another costly mistake is having too much communication with potential buyers. You don’t want to give away too much information to potential buyers, which could be used later during a sale negotiation. Either make yourself
scarce during showings or think carefully about what you disclose to buyers.
MISTAKE #4 - Poor Staging:
Both a cluttered home and an empty home will be unappealing to buyers, so proper staging and curb appeal are important. A majority of buyers are shopping for homes online these days, so consider bringing in professional
staging and photography services.
MISTAKE #5 - The Wrong Attitude:
This includes both patience and setting expectations too high. Not every prospective buyer will submit a bid—some are just window-shopping or are interested in a nearby home. Remembering that browsers are part of the
home-selling process will help keep disappointment at bay.