Ask anyone, and they’ll tell you that selling your home is one of the most challenging undertakings in your adult life. It’s physically and mentally draining considering all the things you have to do. You have to decide if you want to use an agent or not, think about your house selling strategy, find a buyer, and the list goes on and on.
And that’s not even mentioning the emotional toll of selling a home filled with beautiful memories.
That’s why first-time home sellers are prone to make house selling errors. The lack of experience and the injection of emotions are hindrances to a smooth transaction.
Of course, there’s no way to guarantee any sale to go through without a hitch. However, you can make the process less stressful by avoiding these common mistakes when selling your home.
1. Not Hiring an Agent
Sure, you can do this alone if you want to. It’s not like it hasn’t been done before. And you can save some money by not paying commission, yes?
But look at what you’re missing out on if you don’t work with a real estate agent. You’re not benefiting from the agent’s knowledge regarding the market, the selling process, and common pitfalls. You also have to take on yourself advertising houses online, hosting open houses, etc.
Unless you own a real estate license, we can’t recommend tackling this huge adventure without a guide.
2. Letting Your Emotions Take Over
We get it; it can be hard to let go, especially if you’re selling your first home. But it’s time to put away the homeowner hat and start donning the businessperson hat.
Emotions get in the way. You might set the price too high or take negotiations personally because you appraised your home based on its sentimental value.
3. Ignoring or Hiding Major Repairs
Even minor repairs can turn off buyers. If you neglect to fix significant issues, such as a leaky roof or busted plumbing, you’re taking many buyers out of the equation.
Don’t even try to pull off hiding any serious repair jobs. Many states have disclosure laws. Also, glaring issues are likely to turn up during the buyer’s inspection.
If you don’t fix a problem before listing, you only have two options. You can either price your property below market value or offer the buyer a credit to resolve the issue.
4. Not Staging Your Home Is One of the Costly House Selling Errors
This is another case of you think you’re saving money but not actually. Don’t worry if you can’t hire a professional, but you must do everything to increase your home’s curb appeal. Not cleaning or staging reduces your sales price, and there’s a possibility of not getting any offers at all.
The only time you might consider leaving the house as it stands is if you’re selling to an investor who will flip the property. If that’s your plan all along, these two brothers can help.
Move On to Better Things
Personal attachment to your home will always complicate matters when the time comes to sell it. That’s when house selling errors are made. Avoid these common mistakes so you can sell your house quickly and easy, and move on to greener pastures.
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