Business > Real Estate

7 Top Home Selling Mistakes You Should Avoid

Introduction

1. Underestimating the selling costs

2. Selling house when not ready for it

3. Not Hiring a Real estate agent

4. Setting a price that is too high

5. You’re putting off important maintenance

6. Your listing pictures aren’t great

7. You’re putting your listing out at the wrong time of year.


When it comes to selling a property, no one wants to make costly mistakes. When it comes to putting your house on the market, keep these "don'ts" in mind.  Publishing advertisement, carrying out repairs, finding a potential customer, moving forward with the closing process, and eventually moving into your new home.

While you are selling your house avoid these silly mistakes:


1. Underestimating the selling costs.


When charges, renovations, and other buyer concessions are taken into account, the selling costs might be as high as 10% of the sale price. 

A seller might make dozens of blunders when selling their house, but the truth is that many of them are rather common. A home seller's chances of having a stress-free and, most importantly, successful house selling experience enhance when they avoid common home selling blunders.


2. Selling house when not ready for it.


It's crucial that you're confident in your ability to purchase a home that will make selling your current home worthwhile!

Consider the following questions to determine if now the correct moment to sell is:


• Do you have a strategy in place?

• Have you done any research into the local real estate market?

• Are you willing to make a change?

• Has your family outgrown your current residence?



3. Not Hiring a Real estate agent


If you're selling your home and have opted to hire a realtor rather than making the usual home selling mistake of not hiring one, be sure you don't hire the wrong one! Understanding what it takes to properly interview prospective agents is one guaranteed approach to assist ensure you don't make the home selling error of hiring the wrong Realtor? When it comes to selling your house, there are a few questions to ask Realtors that will help you pick the best agent!


The following are some of the best real estate interview questions to ask:


• Ask real estate agent whether he work part time or full time?

• When you represent home sellers, how many homes do you sell on average each year?

• What real estate marketing methods do you employ to help your clients sell their homes?

• Does he own a blog or website related to his work?

• Do you have any previous customers who would be prepared to speak with me about their house selling experience?


4. Setting a price that is too high


The price you are asking and the price the market is willing to offer you can be considerably different.

You can have a rough estimate of how much your property is worth based on homes that have sold nearby with similar sizes and characteristics. Many real estate agents utilize comparable sales, commonly referred to as "comps," to advise a listing price. The problem is that no two comps are same, thus to be accurate, you'd have to account for every variance in home features. 


5. You’re putting off important maintenance.


The majority of buyers aren't searching for a construction project. While making modest and substantial renovations to your home before advertising it can be costly, it will almost certainly boost your chances of a quick sale. Even minor flaws, such as an unfastened cabinet or a fracture in the ceiling, can work against you by implying to buyers that the existing owners haven't taken care of the property and that more issues may exist. While it may be costly to undertake these repairs, it is usually more costly to avoid them, hurting sellers in terms of both times spent on the market and final sale price. Simple home repairs before listing can go a long way, even if nothing is clearly wrong.


6. Your listing pictures aren’t great


The pictures attached to your listing are not very luring to the customers than it will not have great impression about you. Badly taken pictures and putting few pictures are a major turn-off. It’s advised to you that you work with a professional real estate photographer to take photographs that highlight all of the things that make your home great and presentable to buyers and agents. Pictures need to be clear and not taken in dim light (turn on all the lights and open all the blinds for images) and pictures should not show clutter (the home you want to present during actual presentation is the house you should present in photographs). Take good pictures.

 If you’re serious about selling, you don’t want to put in danger the process by failing to better your home for a quick and easy sale. Failing to avoid the home selling   mistakes pointed above will cost you big in time, money, and stress. Make efforts in right direction and you will be closing the deal in no time.


7. You're putting your listing out at the wrong time of year.

 

With the distinct season a lot of buyer demand rises and falls, Of course, you may be moving out of necessity and not have a ton of say on when you list your home. As buyers aren’t out looking much when the weather is not conducive. Listing at the wrong time of year is a big home selling mistake, since even a great property may sit there for a while due to a lack of general home buying interest. List your property at the right time and you’ve got a better chance of selling quickly and at your asking price.

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Renting Touch

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Renting touch provides a robust system that removes all your rental home queries by catering its clients .i.e. landlords and tenants.

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