Mistakes to Avoid

If you are considering selling your home, either with or without a real estate agent, be aware that you can significantly reduce the amount of time your home sits on the market as well as increase the sales price of your home by being aware of the most common mistakes made by homeowners and avoiding them.

Without a doubt one of the most common mistakes made by sellers is attempting to sell their home during a time when you are desperate to sell. Obviously, this cannot always be avoided; however, you can reduce the potential for making yourself a target for lowball offers by understanding as much as possible about the market at the time you decide you need to sell and working with a real estate professional to maximize the sales price of your home using innovating marketing techniques.

Reduce the amount of time your home sits on the market by being willing to correct minor cosmetic problems. Homebuyers will typically pass on a home that is obviously in need of repair or else come in with lower offers than you’re willing to entertain. Make sure there are not problems you are overlooking by having a unbiased third party review your home and point out problems that could be fixed in order to make sure your home sales quickly at a fair price.

Many homeowners make the mistake of valuing their privacy more than the sale of their home. While selling a home can naturally be disruptive to your schedule and privacy, in many cases it is a price you must pay to make sure your home sells quickly and for the target price.

Unless you are extremely knowledgeable about the market and legalities regarding real estate, it is always better to work with a real estate agent and fork over the commission than to allow your home to languish on the market and finally end up accepting a lower price. Even though you may need to pay a few thousand dollars for the commission, that cost is negligible compared to obtaining a full sales price or better in a short period of time.

Finally, be willing to work with your real estate agent and trust their judgment. If the realtor tells you that your home is overpriced, chances are they are right. After all it is in their best interest to sell the home at the highest price possible. If they’re telling you that it’s priced too high, you can generally rely on that assessment.

 
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