Home Selling Mistakes to Avoid

Home Selling

Selling your home can be exciting and emotional at the same time. You are selling the place you have lived in, but you might also earn a decent profit. In addition, real estate is a great hedge against inflation and can be a great way to supplement any investment portfolio.

When you sell your home, there are certain mistakes to avoid to make the most of your sale.

Don’t Overprice your Home

You love your home and think the world of it, but how much you think it’s worth might not match the market value. It’s best to find out your home’s average value from a real estate agent. This way, you know how much to ask for your home.

If you ask too much, you will turn potential buyers away. But, of course, you don’t want to cut yourself short, either.

Not Fixing Major Issues

Don’t assume you can hide your home’s major issues or that buyers will look over it. Most buyers will order a home inspection to ensure the home is in good shape. So chances are anything wrong with the home will come up in the inspection.

If you’re honest upfront, you can negotiate with buyers. Maybe you offer to fix it or give them a credit at the closing to fix it themselves. There are many options, but hiding the issue isn’t one.

Focusing on the Dollar amount in the Offers

An offer isn’t just about the money. Yes, you want to make as much as possible on your home, but there are other factors to consider. For example, you should consider the intended closing date, contingencies on the sale, and what the buyer wants you to leave in the home.

Many of these factors affect your bottom line and the smoothness of the transaction. Look at the big picture and ensure you’re getting what you intended.

Not Staging your Home

Finally, always make sure you declutter and stage your home. It’s important to make it a clean slate so that buyers can imagine themselves in your home. If there is too much clutter or personalization, they won’t feel at home and won’t be able to picture their items in it.

Instead, take out anything personal and declutter every room so buyers can let their imaginations run wild. Staging has been proven to increase the sales price of your home, the amount of offers you receive as well as shortening the time it takes to receive offers.

See for yourself how staging can make a difference.