Unless it’s involved in their line of work, most people and families are not going to move too often, which means they rarely get to experience the process of selling a house. Contrary to popular belief, the actual act of selling is quite involved, and there is a lot to manage if you need to sell quickly and get the most value possible. For many first time sellers, there are a number of pitfalls that you steer clear of.
AVOID THESE MISTAKES WHEN SELLING A HOUSE
Especially if you’re new to this process, you need to do whatever you can to make selling your house as seamless and beneficial as possible. It’s certainly not rocket science, but you can dig yourself into quite a hole if you don’t properly manage your expectations and avoid a few common mistakes.
DON’T WORK ALONE AND HIRE A REALTOR
One of the biggest missteps that any first time seller makes is trying to take on the task by themselves. There is simply too much at stake in regards to your financial future, and a trained, experienced real estate professional can help you earn maximum value. Finding the right agent is so important, so make sure you’re talking to any friends or colleagues who live in the area about who they recommend. Word of mouth is a great tool, and you can learn a lot about their work habits and overall demeanor from people you trust. Also check out online reviews, since you can get a wider audience opinion. When you hire a realtor, they should help you avoid some of the following oversights as well.
DON’T PRICE TOO HIGH OR TOO LOW
Most sellers don’t realize just how important the initial listing price is to the success of their sale. There is definitely a sweet spot that you want to hit. When you list too high initially, people will be put off, and look for similar style housing at more reasonable prices. When you list too low, you’ll have a difficult time convincing any interested parties that a regular price increase is worth it. A realtor will help you find that happy medium, meaning you won’t scare buyers away, and those interested parties will be more inclined to provide higher offers, leading to bigger value for you.
DON’T NEGLECT STAGING YOUR HOME
Besides listing at an attractive price, you also want to make your home as presentable as possible. This doesn’t just mean tidying up a bit; it means maximizing the available space of your home. You’ll probably have to rearrange some furniture, and even take some items out of the home. If you neglect this part of the sales process, you might also lose out on some potential buyers.
MAKE SELLING A HOUSE AS STRESS FREE AS POSSIBLE
There are plenty more mistakes that a first time seller might make, but when you partner up with an experienced realtor, selling a house will be much more stress free. They can help you navigate the entire process, and will provide guidance when needed.