- April 11, 2022
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Selling your home is an exciting experience, especially if you’re doing it for the very first time. However, with the excitement of the sale also comes a lot of anxiety. Being new to the property market, you may be worrying about all the different mistakes that you may make, especially if you have been hearing from your friends about the struggles of selling their own houses. Furthermore, the sale of a house is an expensive process which is why it’s important that you try your best to avoid these mistakes, to save yourself from any unnecessary costs. Here are the most common home selling mistakes and here is how to avoid those mistakes.
Deciding Whether You Need An Agent
You may be conflicted as to whether there’s a need for a real estate agent in the sale of your property. After all, in today’s digital age, selling a house seems easier than ever. However, you may be severely overestimating your ability to market your home well. Real estate agents often have better marketing tools and connections, allowing your new home to be sold at a faster rate. It is especially hard for a new home seller to quickly sell off their home due to the unfamiliarity of the market. If you are more seasoned, then maybe you can take the plunge!
The type of agent that you choose to employ also will affect the rate at which you sell. Do not opt for the first name that you search for on Google. You should try to look for agents that your loved ones have experience with. Your home should not be sitting on the market for too long otherwise it may be seen as an “unsellable” house, which is why getting a good real estate agent matters.
Setting An Unrealistic Price Target
It is important to be realistic with the price that your home can be sold at. A house that has significant damages and requires a lot of work to be done evidently cannot be priced at the same price as a brand-new house. You need to be practical and judge your house accurately, without any emotional bias. The best way to determine a good price would be to look at other houses in the same area and assess your price range based on that.
Selling During Unsuitable Seasons
Though it may seem as though the seasons do not play a role in the sale of your home, this may be a misconception. In regions where there are extreme winters, the summer and spring may be a time when home sales are usually higher. This is because these periods of time often boast of better weather, making it easier for potential buyers to view homes.
Hiding Serious Faults of The Home
Many home sellers often think that hiding the faults of the house will put them at an advantage during the sale of the home. After all, a home that appears to be flawless on the exterior with no declared faults will be quick to be snapped up from the market. However, this lack of disclosure can end up causing a ton of problems down the road. Your buyers may eventually pull out of the deal and their experience with you may leave a sour taste in your mouth. Hence, we always believe in maintaining transparency with your buyers rather than concealing faults of the home.