Your home is perhaps your most valuable asset. Therefore, it is imperative that you educate yourself on the home selling process. At Stein Posner, we caution sellers to avoid these three common mistakes when selling their homes. Any or all of these could potentially harm your sales outcome.
Skimping on Home Appearance
It’s natural for sellers to want to get their homes on the market quickly, however, important preparations need to be considered and executed before listing your house. One of the most important steps in the selling process is to prep and update your property. Skipping out on, or cutting corners on home repairs could compromise your bottom line.
Now, we aren’t suggesting that thousands of dollars be spent on home repairs. Simple improvements such as small landscaping adjustments, touching up exterior and interior paint, and decluttering the house are great ways to make a positive, lasting impression on buyers.
Working with a professional home stager is a great idea as well. Stagers are experts in helping make your home appealing to a majority of potential buyers, ultimately helping to sell your home faster.
Mispricing Your Home
Deciding on an asking price is an important yet difficult decision. Emotions can play a factor, however being too emotionally invested in the price is often a seller's biggest pitfall. If priced too high, a house can stay on the market for an extended period, which can be an extremely stressful situation. When buyers notice that a house has been on the market for a while, they can feel as though they have the upper hand, as well as more leverage when it comes time to negotiate the final price.
One of the best ways to avoid mispricing your home is to understand the local real estate market. We suggest surveying the neighborhood to have an idea of what houses typically sell for. Make sure to put your emotions aside and base your price on facts, rather than sentiment.
Our real estate professionals are experts in current local real estate trends. Equipped with market knowledge and skilled negotiation tactics, Stein Posner agents make sure your home is listed at a realistic, but profitable price.
Not Hiring a Professional
Hiring an inadequate real estate agent can be detrimental to your home — and your pockets. It is important that your agent be responsive, experienced, knowledgeable, and above all, a good listener. Often times, you will have questions regarding the selling process, so make sure you can depend on and trust your agent’s advice. After all, your house is on the line.
Our real estate rock stars consider you a partner, not a transaction. Our goal is to keep you informed, involved, and comfortable every step of the way! If you are in need of a trustworthy agent that will exceed your selling expectations, please schedule an appointment to meet with us today!