Mistakes to Avoid When Selling Your Home

Mistakes to Avoid When Selling Your Home

Selling your home can be a time-consuming and emotionally challenging endeavor, especially if you have never done it before. Strangers come into your home, poke around your closets and cabinets, and then try to offer you less than what you think the home that means so much to you is worth.

It is a challenging market for sellers these days because buyers have plenty of options and they don’t need to buy what you are selling if it doesn’t fully meet their desires.  Fortunately, there are ways to make your house more appealing to potential buyers, and you can start by avoiding these common mistakes:

  1. 1.       Lacking of plan, strategy, and research. Know exactly why you want to sell your home before selling it. Once you know your reason, decide on an overall plan with a strategy of varying tactics to achieve that plan. Choose what method you will use to sell your home, whether it be through a real estate agent or private sale.  If you feel you have the expertise needed to find a buyer yourself, a For Sale by Owner option may be a cost-effective strategy for you.  If you are pressed for time and want to sell it as soon as possible, a real estate agent is probably a better option.
  2. 2.       Setting your sale price too high. Pricing your home too high will deter interested buyers from making an offer. The value of your house depends on what the market is willing to pay, which is not always necessarily what you think it’s worth.  Let Realtors assess your property and give you a realistic price range based on current market conditions, so you will be more informed on how to price your home competitively.
  3. 3.       Neglecting to fix things that are broken. Spend the weekends working on all of those minor projects that are necessary to get your home into show-worthy shape. Clear the gutters, patch the holes in your walls and deal with dripping faucets. If sellers spots one or two items that need an immediate repair, they will be wondering how well you have maintained the things they can’t see.
  4. 4.       Not accommodating possible buyers. Even if it is inconvenient for you, you need to accommodate every person who wants to view your house. Clean and de-clutter the house before every single visit.

The mistakes mentioned above can be very costly if you fall victim to them. Do not let these mistakes impede your dream of being able to sell your house quickly so you can pursue your next endeavor.

Cindy Daniel
Oklahoma City Real Estate

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