Home Sellers BEWARE!
The top two mistakes are seldom explained to you by listing agents. Understand that homebuyers can get out of a sale. Home sellers can not change their minds. Selling your home is heartbreaking when forced to move to an undesirable house.Read more about this on JOYTVFSBO.com/
When selling your home, be realistic, prepared, and adaptable to market changes.
Avoid The Top Two Mistakes
Have you checked to ensure you can find a replacement home for a price you can afford? Take two steps. First, ask a lender what you qualify for in a new mortgage. Prepare for lender requirement changes that may affect your loan status.
Second, explore the neighborhood you want to move to. Check for available properties to purchase on your terms.
Ready for more?
√ I know I want to sell my home.
√ I know I have the available funds to move.
√ I know about homes for sale that suit my needs.
TAKE CARE TO AVOID THESE OTHER COMMON HOME SELLER MISTAKES:
Ignoring Market Trends
Study current real estate market trends in your area. Ignoring these trends may lead to underpricing or overpricing your home. Find out the prices of recently sold homes and the current competition for your property.
Underpricing
Many agents price homes low to get a bidding war started. This tactic also backfires. I almost listed my home with an auction broker. I found out in time that the agent worked with an investor. The agent neglected to promote properties the investor wanted. Sellers closed with less money than promised. The investor partnered with the agent. Together, they fixed and flipped the properties.
Overpricing
Setting unrealistic asking prices deters potential buyers. The longer your home sits on the market, the more it seems worth less.
Home Staging
You don’t need to hire a home stager or use second-hand furniture to stage a vacant home. Too many homestagers put too much stuff into an unoccupied house. Every item stops the eye and makes space smaller. Cluttered homes do not show well. Pack up all your personal nicknacks, photographs, and small wall art. Remove unneeded furniture. Paint or wash walls and deep clean every space.
Prepare for Showings
Keep your home clean and ready for showings at all times or specific times. A messy house leaves a negative impression on potential buyers. If you can’t keep your property clean, that shows that you have not taken care of it — which is usually not true. Turn on the lights to set the mood. Bright lights at night may be too harsh.
Limited Marketing
Relying on one or two marketing methods limits your home’s visibility. To get more attention for your listing, try using different marketing strategies.
Strong Online Presence
Most buyers start their home search online. Make sure your property gets listed on promoted websites. Check the information for accuracy. The marketing content must convince homebuyers to click on your property.
Legal Obligations
Familiarize yourself with local real estate laws and regulations. Fulfill all legal obligations during the selling process. Title insurance and escrow companies help you with your obligations and rights.
Prepare for Negotiations
Remember your priorities. Unrealistic expectations can lead to a breakdown in the negotiation process.
Join our free webinars, Sell Your Home for Top Dollar, while you explore selling options.
