Wednesday, January 23, 2019 / by Trish Ford
Putting your house up for sale can be quite a chore. If you want to receive an offer quickly and for top dollar, you’re going to have to take some things into consideration. We’ve put together a list of the Top 4 Things You Should Avoid When Selling Your Home.
1. Don’t overprice
It is common for people to think that if they list their home at a high value then they will have more room for negotiations in the price.
However, overpricing your home can actually have the opposite effect...it can make offers disappear. Once potential buyers have dismissed your home, it’s difficult to win them back even with a decrease in price.
Additionally, if you were to receive and accept an offer based on an inflated place you could then run into trouble with your appraisal. This could result in losing a deal entirely.
It’s best to list your house for its fair market value based on the comps in your area. A real estate agent can analyze the housing market in your area and then help you determine what your house is worth and how much you should realistically ask for it.
2. Don’t hide major flaws
In a situation where you’re trying to sell a home that needs a major repair, it’s better to be proactive than reactive. If you neglect to mention that the air conditioning unit is worn out or the roof may need to be replaced, the issue will certainly come up during the home inspection.
If the buyer is caught by surprise, it may cause them to feel deflated, unmotivated or even mistrustful. It’s better to take control of this potential situation before it happens
Be prepared to either make the repairs yourself or offer an allowance so that the buyer will agree to assume responsibility for the repairs.
This will avoid headaches during the negotiation process and will help you make a sale.
3. Don’t neglect minor fixes or updates
When you’re ready to move, it’s understandable that you want the process to be over as quickly as possible. However, it is best to take your time and get everything in order before putting your house on the market.
You only get one chance at making a first impression on a buyer. You’ll want to make sure it’s a great one if want them to make an offer.
Before you list your house, take the time to make minor repairs or perform small upgrades that will improve the value of your home.
Patch holes or dents in the drywall and slap on a fresh coat of paint. Replace outdated light fixtures with something more modern - it doesn’t have to be the most expensive one! Have that minor leak under the sink repaired.
Not only will the improvements make your house more appealing to potential buyers, it can also increase your chances of getting top dollar for your home.
4. Don’t go it alone
Selling your home requires quite a lot of thought and hard work. A real estate agent has the skills and expertise to make the process as smooth and beneficial for you as possible.
Realtors have a thorough understanding of the housing market and real estate law. They are skilled negotiators and contract experts. They are perfectly positioned to act on your behalf and protect your interests as a seller during a real estate transaction.
Allowing a realtor to handle the heavy lifting during the process of selling your home will free up your time and energy so that you can focus on your upcoming move and the next chapter of your life.
We’re here to help you sell your home
If you’re think about selling or if you’re ready to sell your home, we’re here to help. Give us a call today at (502) 354-8326.