| What are the five biggest
mistakes home sellers make?
If you're like most people, your home is your
largest, and most valuable investment. When it comes
time to sell, you'll want to profit as much as possible.
And so does the next guy. That's why it's important to
remember that when selling your home, you're in
competition with other home sellers in your area, and
just as in any other competition, mistakes can be
costly. Here are some of the most common home seller
slip-ups to avoid:
1.Overpricing or
under-pricing.
A comparative market analysis is not only necessary, but
a major aid in helping you set the best price for your
home.
2. Selling "as is."
In the competitive home sale marketplace your home
should be in "move-in" condition from the first day it's
listed. It's important to know your home's key assets
and find ways to highlight them, as well as identify and
correct those items which need improving.
3. Over-improving.
While clearing out clutter, deep cleaning and making
repairs are important ways to get your home ready for
sale, undertaking a major project could cost more money
than you would recover from the sale. However, some
major repairs, such as replacing a roof, should be done
if they are needed.
4.Selling it yourself.
While not necessarily a slip-up, it is important to note
that doing your own marketing can be a tempting way to
save money, however, recent surveys show self-sellers
net about 3% less from the sale of their homes than
sellers who use a real estate agent.
5. Ignoring your agent's advice.
As experienced professionals, Realtors know what works
and what doesn't. If you haven't contacted an agent
about selling your home, it is highly recommended that
you do so. An agent can work with you, discussing many
recommendations and working with you to find the best
way to sell your home.
|