When selling your home, it is never something that can be done “perfectly”. Mistakes are always made, however you persevere through them, leading to your house being sold.
I have outline 5 mistakes sellers make tends to make selling your home more difficult.
1. Not checking up on the Competition
As a seller you have to examine house prices in your area to set a realistic value on your house. It is essential to grasp the conditions of your area. Study the pricing trends and sales data in the local market
2. Having the Idea that your Home is the Exception on the Market
There is nothing wrong with being emotionally attached to your house, especially if you have lived there for years. This affection can obscure the realities that follow today’s real estate market. You have to have an unbiased view of the condition of your area and set a price accordingly. You cannot assume because your house is the exception it should be sold higher than the rest. Price your house accordingly to the market and if all goes well your house should be sold at the price it deserves.
3. Not interviewing more than One Agent
An experienced real estate agent can help sell your home effectively however you should not be picking the first real estate agent you talk to. Speak to many, narrow down the list and then check their references. For example what have they sold recently, is it in the similar market as your house, etc.
4. Rejecting an Offer too Soon
If a buyer’s offer comes in too low, do not dismiss it right away. You need to be willing to negotiate with any buyer who puts in an offer. This shows they are serious about buying your house, despite how low it may be.
5. Thinking You can Sell Your Own House
It would be great if you can sell your house on your own, avoiding paying any commision however unless you are experienced in the field it will be near impossible to accomplish. Save yourself time and money, by hiring a professional real estate agent you are bringing yourself on the same playing field as your competiton.
By being aware of the common mistakes sellers make, it is easy to avoid them while selling your own home. Selling a house is a stressful task, however once it is finished, you can look back at the memories you have had in the house and the memories it will bring its new owners.
Glen Chapman
Broker of Record with Club “100″ GMAC Real Estate
www.club100realestate.com
