Selling your home is often an emotional decision. Homeowners can feel an attachment to their home because of the memories they’ve created there, the lessons they learned as a homeowner, the pride they feel in owning. But when the time comes to move out, whatever the reason—upsizing, downsizing, relocating—you’ll want to know these top 5 common mistakes that sellers make so you can avoid them.
1. Letting Emotional Attachment Influence the Asking Price
Your home might be your most prized possession, but it’s also an asset and the market determines it’s value. Allow an objective and knowledgeable real estate agent to value your home to ensure a reasonable listing price that will result in a sale.
2. Overpricing your Home
We know you love your home, but don’t worry, others will too if it’s priced fairly. Overpricing your home will only result in a stale listing and further price reductions.
3. Not Making Necessary Repairs and Removing Clutter
Improve your property’s value by making both cosmetic improvements and mechanical repairs before it hits the market. A nominal investment often leads to an increased selling price.
4. Not Providing Easy Access for Showings
In order to sell your home, your real estate agent needs to show it, so make it easy for them with few restrictions. Remember, the best way to get the highest price for your home is to have the most people to view it.
5. Not Doing Enough Research on your Real Estate Agent
Sellers often trust friends, family, and people within their network to handle the sale of their home. Make sure to choose an agent that is professional, honest, licensed, knows how to negotiate, specializes in your neighborhood, has access to the right audience and has positive reviews.