Selling a home may turn out to be a lot more complex than you think. Markets and buyers may change their minds at any time, while sellers who excitedly list their home, only to lose all the verve they once had for it, as the property stays for weeks, months, or even longer with little or no activity. However, there are some actionable steps you can take in ensuring that you make your home more appealing, and more likely to sell quickly and for the right price.
Making some mistakes when selling your home can usually cost them both time on the market and the ultimate sale price. The median time houses can sit on the market is generally between three weeks and five weeks, according to the National Association of Realtors’ 2017 Generational Trends Report.
An efficient home selling process begins with avoiding the most common home selling mistakes. Here, we will be outlining some of them.
Setting an Unrealistic Price
Setting an unrealistic price for a home may be one of the costliest mistakes you would ever make. This is because the price you want and what the market will pay can be two very different things. When you hear the term ‘Fair Market Value’, it actually refers to how a. Home is valued when both the buyer and seller are reasonably. Knowledgeable about the property in question, and neither is under any pressure to buy or sell. As a seller, you have to hit the sweet spot. To avoid leaving money on the table. Or having your home sit on the market for a longer period of time, which can have consequences.
Not Working with the Right Agent
When you decide to sell a home, the real estate agent you. Decide to work with can either make or break your home selling experience. Dealing with a good agent will be able to guide you. Through the nitty-gritty of optimizing your home for sale. If you happen to work with someone. Who is not a good communicator or who does not value your sale as much as you do. Then you may be missing out on the chance of having a strong advocate in your court. Before you deal with any real estate agent, make sure you carry out research on Google. From friends and family members in the area for referrals. Read reviews and talk to a few agents before. Deciding on who to pitch your tent with.
Neglecting Necessary Repairs
Taking on the minor and major repairs that your house needs before listing it, will definitely increase your chance of clinching a good sale. If you list a house without considering the necessary. Repairs you have to put up, you will only be suggesting to the buyers, that the current owners have not taken good care of the property and that other things may be wrong with it. While fixing these repairs may be quite expensive, it is worth doing if you want to sell your house in record time.
Listing Bad Pictures
The picture you post of your property should be of utmost importance to you because it is the first contact buyers will have with your house. Putting up a bad picture or too few pictures, are a major turn-off, and will likely result in losing the interest of those who may otherwise have been a perfect fit for the property. Work with a professional real estate photographer to take pictures that highlight all of the things that make your home great and present it in a way that would be appealing to buyers and their agents. Avoid dark pictures, as well as pictures that show clutter.
Listing at the Wrong Time of the Year
Even though the housing market ebbs and flows all through the year, with spring seeing lots of buyer demand and late fall and winter typically seeing a lot less, you should still aim at hitting the market between late February and mid-May. This is somehow important if you reside somewhere with distinct seasons because buyers are not out looking much during cold or drab whether. Thus listing your house at the wrong time of the year will be a huge mistake, since your property may sit there for some time because of a lack of general home-buying interest. So it is important that you list at the right time, to have a better chance of selling faster and closer to your asking price.