10 Home Seller Mistakes You Want to Avoid
Selling your home can be stressful, especially if you make one or more of the home seller mistakes below. Because most homeowners only buy and sell a few homes in their lifetime, it is critical enlist the services of a seasoned listing agent (Avoid new or part-time real estate agents who tell you their strategy is to put your home on the MLS) in order to avoid mistakes and sell your home for top dollar in a reasonable amount of time.
Here are the 10 costly mistakes people make when selling their home;
- Not Countering an Offer – An offer means they want your house and they are most likely willing to pay more for it. By presenting a counter offer, you will get a higher price for your home more often than not.
- Waiting for a Better Offer – A bird in the hand is worth two in the bush
- Hanging around during an Open House – Buying a home is difficult enough for most people without having the added distraction of a hovering home owner. Worse yet, a home owner that wants to talk to a prospective buyer of their home.
- Limiting Hours for Showings – Seriously! How serious are you about selling your home??
- Leaving Closets a Mess – Everyone wants more closet and storage space in their next home. Cluttered closets kill the buyer’s dream of More Space.
- Not making Needed Repairs – Not only are buyers less likely to purchase a home that needs repairs as it means increased cost for the home, but a home in need of repairs simply doesn’t show well, especially compared to homes that are in good condition so a home in need of repair will not only take longer to sell, but may also sell for less than asking price.
- Not getting rid of Clutter – Garage, extra room, bedrooms, etc. Clutter is ugly and a beautiful home full of clutter is an ugly home and hard to sell.
- Haggling over the Price of Personal items – Determine the lowest price you want for your personal items, fridge, stove, patio furniture, etc. and mark it up 25% so the buyer has room to haggle. Worst case is either keep your stuff and sell it on Craigslist or just accept the buyers offer and close the sale of your home.
- Discounting the Broker’s Fee – Why would you short the one person who has the biggest effect on your goal of selling your home??
- Removing the Furniture or not Staging a Property – An empty home looks deserted and a deserted home does not generate a warm feeling for the buyer.
As I mentioned above, selling your home can be stressful but it doesn’t have to be. If you take the time to find an experienced listing agent and you avoid the 10 mistakes above, you may find that selling your home can be an enjoyable experience!