The real estate market is flush with clients of varying experience and knowledge, and seeing some of the usual seller mistakes can already improve your next selling experience. By knowing some of these common seller mistakes, I hope to proactively educate you and guide you to smoother transactions!
Seller Mistakes
Overpricing the Home
This leads to longer days on market and ultimately, lower offers. Competitively pricing your home means using cold, hard data to generate a price that does not underprice, does not overprice, but accurately prices your home to attract real, potential buyers.
Being Emotionally Attached
Sellers may overvalue personal touches or take negotiations personally, so recognize that an unbiased opinion will best help analyze your home and understand what decisions are recommended to give you the best chance at maximizing your property’s value.
Neglecting Home Prep or Staging
Poor presentation can cost you serious buyer interest, so whether you would like to have a home stager provided to best present your home or want to make your own decisions regarding home presentation, how you stage and prep your home will directly influence buyer decisions (thus affecting what they might be willing to pay via their offer)!
Limiting Showing Availability
If your property is hard to see, it is hard to sell, and inflexibility and quickly turn off motivated buyers. By keeping your home open to showings as much as possible, it may be the difference between finding the buyer willing to offer you your best price or losing them!
Hiding Problems or Skipping Disclosure
This can lead to legal trouble and failed sales after inspections. The price of legal damages and any other costs and consequences that may arise from lack of information and disclosures are not worth it in a real estate transaction!
There are still more problems that sellers can face during their listing process, but with a reliable, experienced Realtor® at the helm of your selling journey and now that you’re educated on a few of the common mistakes made by sellers, you can be better prepared for a triumphant success on your next real estate decision!
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