| 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 person. 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
mistakes 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. Don't list your home with a realtor who says they
can get you more money than anyone else. The best
way to set your price is with a well-researched market
analysis. Realtors who promise to get you more
are using the oldest trick in the business and they
would tell you what you want to hear just to get your
business, the ask you to reduce the price later.
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. Discount Broker.
As in any transaction, you get what you
pay for. An agent who asks you to focus on the
commission they charge instead of the outcome they will
produce for you probably doesn't have a steady record of
success for you to review.
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