Selling your home is a big decision. It’s a decision that can be emotional, stressful, and time-consuming. And, if you’re not careful, it can also be a decision that costs you a lot of money.
At 316 Realty Group, we see a lot of people make the same mistakes when selling their homes. In this blog post, we’ll share the 5 biggest mistakes people make when selling their homes so that you can avoid them.
Mistake #1: Not Hiring a Professional Realtor
One of the biggest mistakes people make when selling their home is trying to go it alone. Sure, you may have seen some houses sell in your neighborhood without the help of a professional realtor. But, more often than not, those homes sell for less than they would have with the help of a professional.
A good realtor will help you price your home correctly, market your home effectively, and negotiate on your behalf. In other words, a good realtor will help you get the most money for your home. At 316 Realty Group, we have a team of experienced realtors who are ready to help you sell your home for top dollar.
Mistake #2: Not Preparing Your Home For Sale
Another mistake people make when selling their homes is failing to prepare their homes for sale. If you want to get top dollar for your home, it needs to be in tip-top shape before you put it on the market. That means repairing any damage, deep cleaning every room, and decluttering every space.
It’s also important to stage your home so that potential buyers can see themselves living there. This means removing personal items like family photos and mementos and replacing them with more neutral items. If you’re not sure how to stage your home, our team at 316 Realty Group can help. We offer free staging consultations to all of our clients.
Mistake #3: Not Disclosing Problems With The House Upfront
If there are problems with your house—like water damage in the basement or cracks in the foundation—it’s important to disclose those problems upfront. Failing to do so could result in legal problems down the road. More importantly, it could cost you the sale of your home altogether.
The best way to avoid this mistake is to have a pre-listing inspection performed on your home before putting it on the market. This will give you an opportunity to fix any problems with your house before potential buyers see them. Pre-listing inspections are just one of the many services we offer at 316 Realty Group.
Mistake #4: Pricing Your Home Too High (or Too Low)
Pricing your home correctly is one of the most important aspects of selling your home successfully. Price it too high and it will sit on the market unsold; price it too low and you’ll leave money on the table that could have gone into your pocket.
+ At 316 Realty Group, we use cutting-edge technology and data-driven analysis to help our clients price their homes correctly from day one. We’ll conduct a comparative market analysis (CMA) of similar homes in your area that have recently sold and use that data to price your home competitively yet fairly based on its unique features and upgrades.
Mistake #5: Failing to Negotiate Effectively
Negotiating is one of the most important—and most difficult—parts of selling a home. It’s important because it’s how you’ll ultimately get top dollar for your home. But it’s difficult because it requires skill, experience, and knowledge of both state laws and real estate contracts.
Selling your home can be a big undertaking but by avoiding these five mistakes, you can set yourself up for success! If you’re thinking of putting your house on the market in the near future, contact 316 Realty Group today! Our team of experienced real estate agents would be more than happy to help you through every step of the process—from preparing and pricing your home competitively to marketing it effectively and negotiating with buyers—we’ve got you covered! Give us a call or send us an email today to get started!
Reference:
14 Common Home-Selling Mistakes to Avoid. (n.d.). Ramsey Solutions. Retrieved November 3, 2022, from https://www.ramseysolutions.com/real-estate/home-selling-mistakes
Avoid These Mistakes When Selling Your Home. (2022, September 16). Investopedia. Retrieved November 3, 2022, from https://www.investopedia.com/articles/mortgages-real-estate/08/home-seller-mistakes-selling-house.asp
The 9 biggest mistakes people make when they try to sell their homes, according to real-estate agents. (n.d.). Business Insider. Retrieved November 3, 2022, from https://www.businessinsider.com/mistakes-people-make-trying-to-sell-home-real-estate-agents-tips-2019-5