The process of selling a home is not an easy one. In fact, it can be downright frustrating for many people. Whether you’re a new investor or someone who just wants to move, the process of selling a home is something you will encounter at some point.
The first thing to understand as a prospect about the sale of your house is that the process itself can be irritating and frustrating. If you, however, want to sell your house quickly and for the best price possible, there are some things that you should do – and some things that you shouldn’t. Here are mistakes to avoid when trying to sell your house:
Setting an Unrealistic Price
This is a major mistake that homeowners make is trying to sell their houses. If you list your home at a price that is completely out of line with the average market value, chances are very good that you will not get any offers for your home. And, if you do receive an offer, most will be well below the list price.
Setting your home’s price too high is one of the most common mistakes that homeowners make when they try to sell their house. In addition, when buyers do come to look at the house and determine it’s not worth the asking price, they likely won’t even make an offer at all. Setting an unrealistic sales price can be fatal to getting the house sold.
Trying To Do Everything By Yourself
It’s equally important to remember that there is no substitute for professional help. You should not try to sell your house by yourself or with the help of friends and family members. Enlist the help of agents to help you sell your property or search for real estate companies that’ll buy it off your hands similar to what Cash Home Buyers in Phoenix does. Trying to do everything on your own will likely end in frustration (and lost money).
This can be a costly mistake since you may not understand the market or what buyers are looking for. Even if you start to get offers, they may not be as high as you’d like. A real estate agent can help! If you don’t know where to start, stop and ask a trusted friend – a real estate agent should be able to provide guidance.
Only Considering The Highest Offer
Another mistake to avoid when trying to sell your house is only considering the highest offer that comes to you. When you do this, you likely won’t get as high of an offer as possible and may even miss out on a better deal than what was previously offered. A real estate agent, when they are trying to sell your house for you, will present all offers that they receive.
Only considering the highest offer leaves the door open for other buyers since they have no idea if someone else has already put an offer in on your home or not. Consider every offer that comes along – all the way down to those below your asking price. You may be surprised to see that you can get a better offer than the first one that came along.
Not Fixing Things That Are Aesthetically Off-Putting
When trying to sell your house, there are some things that you should NOT do; examples include not paying attention to the home’s exterior and interior. If your house is aesthetically off-putting (i.e. dirty windows or paint chips on the front porch), buyers will simply walk away without giving it a second glance past the curb. Another thing to remember is that your house should be clean and clearly well-maintained. If you have a new coat of paint, newer appliances, new flooring, or other improvements on the inside, buyers will see this as a very positive sign of how much pride you have in the property – which means they’ll likely offer more money for your home.
Making Costly Renovations
When you’re listing your house for sale, it’s important to understand that everything isn’t about you. When trying to sell your house, make sure that the renovations are something that would be attractive to buyers – not just something that will make life easier for you while you live there. If you do need to make some renovations prior to placing the house on the market, make sure you understand what improvements will make your home more attractive to potential buyers. If you decide to renovate anyway and the renovations aren’t necessary for selling your home (i.e. an expensive pool installation), this can be a costly mistake as it could reduce the amount of money that buyers are willing to pay for your home.
When trying to sell your house, another mistake that can be fatal is avoiding showings. If you don’t take the time and make the effort to schedule showings for potential buyers, this could be a deal-breaker and they will likely move on to homes that are more suited for their needs. A real estate agent, when they are trying to sell your house for you, will book and conduct showings. As well, if you’re not sure of your availability and put off showings, it’s likely that buyers will lose interest and may move on to another more easily accessible home.
Being Rude To Customers
Be nice to everyone that comes into your home. When people come over, make them feel welcomed and let them know that you’re happy they’ve taken the time out of their busy schedule to consider your house for purchase. If a potential buyer expresses interest in purchasing your house, smile and be polite – don’t abruptly send them away because there’s someone else who’s looking for a house, too. Even if you don’t think they’ll buy your home, be nice and treat them with respect so that they’ll keep you in mind should they find another home.
Personalizing The House Too Much
If you decide to personalize the house too much, this is another mistake that can kill your chances of selling your home. If buyers feel like they’re walking into a stranger’s home, they will immediately want to leave and look elsewhere for a house.
When trying to sell your house, remember that you are not the buyer. Without your personal effects everywhere, buyers will feel more comfortable in the home they are considering buying. This is especially important if you have children living at home with you – decorating the walls too much or leaving toys around is a big no-no! Just keep it simple, clean, and minimal.
We hope this article has given you some great ideas on how to avoid making mistakes when selling your house. Remember that it is not just about price but also presentation so don’t forget to take care of all the details before putting up a “For Sale” sign on your home.