Mistakes to Avoid When You Start Trying to Sell Your Home

Low-interest rates are prompting many people to look for new places to live. If you are a homeowner, you might be considering taking advantage of the seller’s market to cash in on your home’s equity.

Before listing, consider these common mistakes that homeowners make while selling their home.

Not Staging the Home

Staging your home is the best way to help potential buyers picture it as their home.

When staging a home, it’s crucial to clean everything, remove any clutter, take away personal items, and freshen up space.

Making minor repairs can help assure potential buyers that the home was well taken care of under your care.

Taking Amateur Photographs

Your home will be listed on multiple websites, such as the Multiple Listing Service (MLS), Zillow, and Redfin.

Potential buyers will get their first impression of your home by the pictures in these listings.

Even the best home can look dingy and uncared for in amateur photos. Hiring a professional photographer who has experience in real estate photography can help your home stand out.

Not Using a Real Estate Agent

Many homeowners try to sell their homes on their own hoping to save some money in real estate agent commission fees.

Unfortunately, this could end up costing more money than is saved. Selling a home is a full-time job, and a professional real estate agent has the experience and the knowledge to price and shows the home correctly.

They also understand the real estate market better than you do, so they’re better able to navigate its complexities and bring you a higher selling price.

Overpricing the Home

Everyone wants to get as much as possible for their home. This can make it tempting for you to price your home high in hopes that someone will snatch it up.

Unfortunately, this can have the opposite effect. Homes that are priced too high deter potential home buyers and lengthen their stay on the market. 

The longer a home is on the market, the less likely that a quick offer will be put in by a buyer.

Should you need to lower the cost in the future, this could give buyers an edge in negotiating. Comparative market analysis and an appraiser can help you determine the best price to list your home.

Ignoring the Importance of Curb Appeal

Homeowners often get so involved in preparing the interior of their home for sale that they forget about landscaping.

Preparing the yard is a great way to attract attention to your home. Look over your home and mow the lawn, trim the hedges, plant flowers, and shrubs, and determine if the exterior of the home needs to be repainted.

Getting ready to sell your home can be an extremely stressful time in a homeowner’s life.

Avoiding these mistakes can help you get the right price for your home and sell it in a timely manner.

Tags: sell your home, selling their home

Category: Housing