Top 5 Home Selling Mistakes

Top 5 Home Selling Mistakes

Selling your home, it’s probably the biggest decision you will ever make in your life. Home selling process can be surprisingly time-consuming and emotionally challenging, especially if you have never done it before.

If you are planning to sell your home, by avoiding the following five common selling mistakes that home sellers make, you can maximize your profits and sell your home faster.

 

Mistake 1: Overpricing your property

It is important that you realize that your selling price is determined by the current market and not by what you think it is worth. People usually look for a home within a price range that they can afford. Setting the price too high will discourage interested parties from making an offer, and your property could sit for months, which isn’t your goal. An experienced realtor can give a comparative market analysis and help you to find out the current value of your house.

Mistake 2: Not preparing your property for sale

Potential buyers come to see your property because your house is the one they may like and in their price range; however, not preparing your home for sale can reduce buyers’ interest, and even lead to disappointment when they see your home. It’s best to take a bit of time to get rid of clutter, tidy, and stage your house to make it look its best for potential buyers. Following the top 7 tips for home staging that help you to turn your house into a “show home”, and make potential buyers feel it’s a “hot property”.

Mistake 3: Home is Marketed Wrong

Selling a home is not just put a “For Sale” sign in your yard. Marketing is very important when it comes to selling a home. You can have the most perfect property in your neighbourhood, but if no one knows about it you won’t attract any buyers. The more people who see your house, the better chances you can sell it. With over 90% of buyers starting their property search online, you will need to use innovative internet marketing methods to appeal to the widest audience and catch their attention.

Mistake 4: Working with the wrong real estate agent

Finding the right realtor for you is extremely important. Don’t rush for this. Look for someone with experience and can represent your best interests in mind. Make sure do your homework, and ask questions. Don’t just go to the cheapest agent.You need someone who keeps up with the latest technology for selling homes, provides a different marketing strategy, and understands your needs. It’s worth taking the time to compare your options and find a good real estate agent to work with.

Mistake 5: Getting emotionally involved

We understand you love your home, but once you decide to sell your home, it’s better to start thinking of yourself as a businessperson rather than as the home’s owner. You want the space to look as neutral as possible. Depersonalize your home can help buyers envision themselves in the spaces.

By avoiding these mistakes, you may sell your home faster. If you are thinking to sell your home and need some help, feel free to contact Scott today. He is never too busy for your interest in Barrie’s real estate.

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