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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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