When selling a home, it is important to complete a number of steps to quickly find the right buyer. But lack of experience among homeowners leads to serious mistakes with heavy implications. If you are ready to sell your house, learn the three most common mistakes homeowners make when selling a house:
- Trying to do it alone
Appraisals, legal work and due diligence should be overseen by a licensed real estate professional. Unless you know the ins and outs of the industry, trying to sell your home without professional assistance will likely mean costly mistakes. For example, potential buyers will notice a forgotten home inspection—and likely move to the next property in the listings. If it is your first time selling, professional assistance can guide you through the complex process. Find an experienced professional with a reputation for selling homes like yours.
- Showing an empty house
An empty space is uninspiring. Potential buyers love seeing how furniture and selected accessories fit into a space. Staging a home is best done by a professional, as home stagers showcase each room in a house and give you better chances of selling quickly. These professionals are interior designers with a knack for improving visual appeal. Rather than presenting bare floors and walls, charm a potential buyer by staging your home.
- Wrong pricing
Many factors contribute to a home’s price tag. Many homeowners either underprice or overprice their homes by failing to research, and this eventually leads to losses. An overpriced home isn’t attractive to buyers, and if the price is too low the homeowner loses money. Pricing mistakes are rampant, and appraisals have become mandatory in the home selling process. Professional home appraisers view the condition of your house, neighbourhood, current market trends and prices of similar homes before recommending a selling price. Increase this price to make room for negotiation, but be careful not to deter potential buyers with the price tag.