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Here are the most common mistakes people make when selling their property.

Home Is Priced Too High

This will certainly turn buyers off, and you may have to make several contingencies or offer incentives in order to get buyers even interested in making an offer. While you may feel your home is special, asking more than the fair market value will usually get you nowhere.

Setting a price that’s too high has two negative effects. First, it will extend the time that it takes to sell your house, which extends the time you’re making the mortgage payment. Second, as your house sits on the market, your listing will become stale, and people will begin to wonder what’s wrong with it that’s driving buyers away. A stale listing will almost always fetch a lower offer than one that’s new on the market. This will require that you bargain up just to get a fair price.

Home Is In Bad Condition

While your home in its current condition may work for you and your family, if there are obvious repairs that need to be made, or it is terribly outdated, fixing these problems will not only make it easier to market your home, but will also increase its value. In most cases this increase will be considerably greater than the money you put into making the changes.

Cluttered Or Not Cleaned Thoroughly

It’s surprising how many house sellers forget this simple step. The money you spend to clean your house thoroughly, top to bottom, is almost certainly the smartest money you can spend on your house. Hire somebody if necessary to clean the windows, and don’t forget the screens. Your house needs to gleam when the buyer sees it, and it needs to smell clean too.

Home Is Being Marketed Incorrectly

When selling your home, there are no guarantees that the ultimate buyer will simply walk through the front door. In many cases you may have to bring your home to the buyer. Effective marketing will help ensure that your property receives maximum exposure to attract a ready, willing, and able buyer in the shortest period of time.

By adhering to the advice in these simple tips, you can avoid the biggest mistakes homeowners make when selling their homes, and the process will be smoother and more profitable in the long run.

   

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What's Your Home Worth?

      
 

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Get ACCURATE report on the current value of your home.

 
 

   
FREE HOME VALUE REPORT

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  Your ACCURATE home value report will be prepared by 7 Day Realty and sent to your email address. Please provide your cellphone number in case we have any questions about the property.

Your privacy is important. We do not sell or share your information to others.