Did you know that in August 2021 homes for sale remained on the market for an average of 39 days? If you’re in the process of listing your home for sale, you can probably agree that there is a lot of work involved. We have put together this guide to share the most common mistakes for home sellers and how you can avoid making them.
Read on to learn more.
Asking for Too Much
When you are listing your home for sale you need to make sure you do your homework to ask for a fair home price. Overpricing your home will not lead to a quick home sell and this will keep your house on the market longer, giving buyers extra negotiating power when they realize how long you have been selling your home.
Take the time to collect comps in the area on your own. Browse what other homes sold for in the same neighborhood that are similar in size and type. Also, you can get a comparative market analysis from a local real estate agent for a better idea.
Skimping on Repairs
If your home has small things to repair, take the time to take care of them before listing your home. Even the smallest defects can turn away potential home buyers because the average person doesn’t want to think about spending more money right when they move.
Whether you have to replace your carpet, paint the interior or exterior, this is worth it in the end.
Selling at the Wrong Time
The best time to sell a house is around the warmer months such as spring and summer. During the winter and holiday season, most people are not looking to buy a house.
When you sell in the off-season you can also end up making thousands of dollars less.
Not Prepping the Home
Take the time to stage and clean your home. Take out anything that makes your home feel personalized such as pictures of your family on the wall. You can rent a temporary storage to place your personal items in or organize them in the garage or attic if you can.
Decluttering is also a great way to make an impression on others as well. Once you are done cleaning and prepping have a relative or friend walk the home to make sure they can give you an honest opinion if it feels welcoming and like a home they can picture themselves in.
The key is to get the buyer to imagine living in the house.
Ready to Avoid These Common Mistakes for Home Sellers?
Now that you have learned the top mistakes for home sellers, you can be intentional in your decisions to avoid making them yourself. Avoiding these seller mistakes will help you sell your home faster and for the most money.
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