8 Biggest Mistakes to Avoid When Selling Your Home!

The top 8 mistakes people make while selling their homes are listed below.

1. Not realizing the selling costs: Before putting your house up for sale, it's crucial to understand the fees associated with selling a house because they can be substantial. Real estate agency commissions, title transfer fees, repair costs, and potential buyer concessions are a few of the expenses to take into account. Failure to comprehend these expenses may result in monetary shocks and make it more difficult to budget for the sale.

2. Setting an exaggerated or unjustified price for your home might be a serious mistake. Although some sellers might think that setting their prices high will enable them to haggle down to a more affordable price, this approach frequently backfires. Homes that are overpriced tend to remain on the market longer, losing some of their appeal to buyers and possibly losing their interest in the property altogether.

3. Ignoring neglected maintenance and repairs: Ignoring neglected maintenance and repairs before advertising your house might be a big turnoff for purchasers. Potential purchasers may be warned that the home may have more serious concealed problems that would be expensive to fix. To make your property more appealing to buyers and help prevent potential issues throughout the sales process, it's generally a good idea to remedy any known faults before offering it for sale.

4. Not getting your house ready for sale: First impressions count, and not getting your house ready for sale is an expensive oversight. De-cluttering and staging your home to make it appear more inviting to potential buyers, fixing any obvious cosmetic concerns, and thoroughly cleaning the property are some crucial tasks to take on. Spending the effort to get your house ready for sale can help it sell more quickly and for more money.

5. Failure to reveal critical information: As a seller, it's crucial to advise prospective purchasers of any known problems or material flaws with your home. Failure to comply with this could result in legal issues and perhaps lawsuits. In general, it makes sense to be upfront and honest about any problems with the property to prevent misunderstandings during the sales process.

6. Being rigid during negotiations: Negotiations are a typical aspect of the sales process, and in order to seal a transaction, it's vital to be willing to make concessions on some points. It may be more difficult to sell your house if you are overly rigid or reluctant to compromise.

7. Neglecting curb appeal: When potential buyers arrive for a viewing, they are likely to first notice your home's exterior; therefore, it is crucial to create a positive first impression. Your home may look uninviting and turn off potential buyers before they even step inside if your curb appeal is neglected.

8. Not using a real estate agent with expertise While it is feasible to sell your house without an agent's assistance, doing so can speed up the process and improve the chances of a successful transaction. An agent can provide helpful advice and insight at every stage of the sales process, from setting the right price for your house to negotiating with prospective buyers.

If you would like help understanding your cost to sell your home feel free to give me a call. I am a real estate broker with almost a decade of real estate experience.

Matthew Reyes, Broker/Owner @ Marathon Realty

broker@marathon.realty

832-827-3545