Selling your home can be a quite a challenging experience. You have to prepare for an open house, set your asking price just right, create the right marketing materials, deal with potential buyers and so much more. It’s really easy to get caught up in the whole process and have slip-ups along the way. Here are some of the common mistakes you could be prone to making when selling your house.
- You Enter the Housing Market Blindly The housing market is a dynamic thing. If you just assume that you can set an asking price without researching about the housing market, then you might not end up with offers. You have to make sure that you set an asking price that goes with the current times. You also have to study your local and neighboring communities and see how much properties have been sold, and at what prices. This will give you the information that you need to successfully set a price and get good offers.
- You Don’t Disclose Home Maintenance Problems You might be thinking that because you want to sell your home, you won’t disclose the major water leak in the upstairs bathroom from two years ago, right? Wrong! If you want to sell your home the right way, you don’t cover up serious flaws like bathroom leaks, flooring problems or mold issues. Any problem like this will be uncovered during the buyer’s inspection, so there’s no use hiding it. If you keep house maintenance problems a secret, your potential buyers would either back out, or ask you to pay for fixing it up. What’s worse is if the serious issues are discovered after the sale goes through. You could end up in a messy legal battle. So just be honest and take care of all the needed repairs before showing your house to potential buyers.
- You Refuse to Negotiate You should always start selling a home by setting a fair and reasonable asking price, but you also need some wiggle room, especially if you want to land a sale quickly. Many potential buyers will start with an offer below your asking price, because they want to feel like they could snag a deal on what may be the biggest purchase of their lives. So you can’t just keep refusing these offers. What you have to do is learn to negotiate well. You can start by accepting an offer that is slightly less than your asking price. Alternatively, you could also stick to your price and throw in some furniture or appliances to sweeten the deal. Always remember to keep a cool head in negotiations so that you and your buyer will arrive quickly at an arrangement.
- You Use Lousy Property Photos There have been too many homes for sale that have been jeopardized by unflattering photos. Potential buyers base a lot of their decisions of photos that they see, so you need to nail them to make the perfect first impression. Good property photos have to be clear and taken during the day when there is plenty of natural light available. You can improve your photos by staging your house before taking them. You should also include any unique or special features in your property that will make it stand out from the competition.
Now that you know these mistakes and how to avoid them, you can look forward to a successful home sale! If you’re concerned about the process, face some sort of time constraint and need to sell now, or simply don’t want to deal with what is often a long and drawn out selling process, why not If contact us today at 910-802-2222? We take the hassle out of selling so that you can focus on the next chapter of your life.