Mistakes to Avoid When Selling Your Home
Selling your home can be emotionally challenging, not to mention time-consuming. Strangers will come into your home, criticize the place that has become more than just a roof to your family, poke around your closets and cabinets and offer money that is less than what you think your home is worth.
If you haven’t done it before, it is easy to make a lot of mistakes. The good news is, these can be avoided, especially if you are armed with the right information. Read on and find out how to sell your home for the highest possible price without losing your mind.
Doing it alone
Real estate agents may command a hefty commission, but that doesn’t mean that you can end up getting more money in your pocket by doing it alone.
A good agent can help you set a competitive selling price for your home, interact with the potential buyers directly and negotiate home sales; thus, taking some of the high emotion out of the process.
Getting emotionally involved
Once you have decided to sell your home, it would be a good idea to think of yourself as a home seller rather than a homeowner. By doing so, it would be easier for you to distance yourself from the emotional aspects of selling the house.
Setting an unrealistic price
Yes, you have paid a significant amount of money for your house, but that does not necessarily mean that you can sell it for the same amount.
When you bought this house, you probably did a comparable market analysis to figure out a fair offering price. Potential buyers will also do the same thing for your home. If you want to sell your home fast, setting the right asking price is the key.
Hiding significant problems
You’re not supposed to hide any problems to potential buyers no matter how big or small it is. Anyway, these problems will be uncovered during the inspection, so there’s really no point hiding it.
Scheduling a pre-listing home inspection is a good idea as it can help you avoid costly surprises once the home is under contract.