Common Home Selling Mistakes to Avoid

When it comes to selling a home, there are common mistakes to avoid. Don’t plunge into these pitfalls as they can cause you to struggle with getting the price you want or selling your home fast.

Price Reductions at Intervals

Think about the price you can afford to sell your home for. You need to think about the agent cut, if you owe on it, and if you need money to move or to put down on another home. This can all influence what you are able to accept for your home. Don’t price it high and hope to make a fortune from the sell. If you continually reduce the price at intervals, potential buyers start to get nervous. First, they know you are desperate to sell the property and they are curious why. They worry there could be something wrong and they don’t want to take the risk the home might be a money pit for them. Second, they know if they are patient you will drop the price again and that means if they do decide to buy it, they can get a better price on it.

The Wrong Agent

Take your time to secure a very good real estate agent to work with. They should be knowledgeable, easy to communicate with, and proactive to get your home sold. Find out about their experience and overall reputation before you hire them. Ask your friends and family who they have used and if they had a great experience. Read reviews online and schedule some interviews before you pick one.

Too Dependent on the Market

If the market isn’t great right now, you may think waiting six months or longer is going to work in your favour. You may feel that is going to help you get more money. Yet while you wait, there are people out there looking at homes and buying them. You could be missing out on prime opportunities to sell your home.

Not Staging First

On the other side of that coin, don’t be in such a hurry to get your home on the market that you don’t properly stage it. You only get one shot to make a good impression for your home with potential buyers. Take the time to fix what needs fixing, to remove clutter, and to give it a good clean. Then you can take exceptional photos and get people interested in coming inside to take a look around.