Avoid These 5 Mistakes When Selling Home
When you’re selling your home, there are endless things to consider. From maximizing your asset’s value to facilitating a quick sale, you’ll need to balance your priorities if you want to simplify the sales process. Sadly, a significant number of homeowners don’t get the price they deserve when they’re selling a property. If you want to ensure you get the right price for your home, be sure to avoid these mistakes:
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Be realistic
Before you put your home on the market, get valuations from reputable agents. Generally, it’s best to get more than one valuation, so you can ensure that the information you’re being given is accurate. It might be tempting to start at a much higher asking price, but this could delay a sale. If you want to sell your home more quickly, advertise your property nearer the valuation price.
Mistakes When Selling Home: Don’t spend too much
Sometimes, making minor repairs to your property can enable you to achieve a higher asking price. However, undertaking major renovations could cost more than it’s worth. If your property needs a significant amount of work, there may be an easier way to sell than redecorating or renovating it. Instead of selling to another family, for example, you could sell your property to a management firm or renovation company.
Choose the right time
If you aren’t in a rush to sell, choose the right time to put your property on the market. Typically, houses take longer to sell in the winter months, so you might be better off waiting until the Spring to advertise your property. By planning, you can choose the best time to sell your home and take advantage of increased demand from buyers.
Don’t go with the first agent
If you’re going to use an agent to sell your property, don’t necessarily choose the first one you meet with. Instead, do your due diligence and compare what different realtors can offer. Remember – a real estate agent will take a commission from the sale, so be sure to negotiate as much as you can. By doing so, you can pay less commission when the sale is complete and retain more of the funds.
Be honest
If your home needs repairs, don’t try to hide them from potential buyers. In most cases, prospective buyers will have a property survey carried out before completing a sale so that these issues will come to light anyway. By honest from the get-go and potential buyers will know that they can trust you.
Mistakes When Selling Home: Getting Your Home Ready to Sell
If you want to sell your home, it’s important to get it ready for viewings. While you don’t need to make your property look immaculate, you do want to show it off to its best advantage. Mow the lawn, declutter surfaces and keep the windows clean, for example. These relatively minor things will improve your property’s curb appeal and may increase the number of offers you receive.
