This is a collaborative post.
If you are due to sell your home, you will know what an exciting experience this can be. With that in mind, you do need to make sure that you don’t make these top mistakes. If you do, then you may find that you end up losing out on offers and potentially money.
Asking too Much
One major mistake that people make when selling their home is that they ask for too much. If you become fixated on a price or a certain value that you suspect your home is worth, then this can put a death sentence on your sale. According to statistics, 70% of interest for a house comes within the first three weeks. If you list your home for a price that is too high then the interest will quickly die off, leaving you scrambling. As a result of this, you may lower your price and then miss out. If you set your home at the right price, however, then this will drive competition and it will also create a buzz about your place. This will, in turn, push up any offers to the market value.
Not Being Ready to Sell
There are a lot of reasons why now might not be the right time for you to sell. You need to allow yourself time to declutter your home and to stage it just right.
If you cannot afford the cost of selling, this is another major blow. Moving expenses aside, it is also helpful for you to factor in lawyer fees, building surveys and more. If you don’t then you may have a nasty shock when the time comes for you to list your property.
Choosing the Wrong Agent
Choosing the right agent is key when selling your home. There is nothing worse than being tied into a contract with an agent who isn’t getting any viewers. Picking the right agent isn’t all about going for the one who gives you the highest valuation, or the cheapest commission. It’s about choosing an agent who is capable of selling your home, as well as being experienced in how to hit the right target market.
If your agent doesn’t have any experience with your type of property then choosing them could be a major mistake. Their evaluation could be way off, and this will impact you greatly down the line. If you want a great real estate service then be sure to check out MGP Property today.
Over-development
From a financial perspective, it’s better for you to have the worst house in the best area. If you have a great house and then overdevelop it, you may find that you end up pushing past the ceiling value of your street. This can lead to you losing out quite a lot, as you may not be able to recoup your investment later down the line.
Not Accepting Offers
You may have an offer come in on the first day of putting your home up for sale. This is great but just because you got one on the first day, doesn’t mean that you will get better offers. You should treat every offer based on its merit rather than on the timeline of it. Get all of the facts about your buyer, such as whether they have a mortgage setup ready, and whether they’re no-chain. Little things like this can make a major difference so make sure that you keep this in mind.
Ignoring Maintenance
Any minor DIY jobs or repairs that have to be done, should be. If you don’t then you may not be able to make the impression you want. If you have a garden that looks messy or unkempt then that doesn’t mean that the inside is unmaintained, but your buyers probably won’t see it this way. They will see the outside of your property and apply the same impression to the inside before they even see it. If you want to work around this then make sure that you pay special attention to maintenance and put in the work to make sure that you are not overlooking any crucial downfalls. If you can do this, and if you can see things through your buyer’s eyes then this will help you to make the right changes and it will also stop you from losing out on potential value for your home too.
So selling your property for what it’s worth doesn’t have to be hard, especially when you take into account the above. Why not see if you can make a positive change today?
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