There’s a good reason 90% of homeowners choose to sell with the help of a real estate agent. Selling a home on your own may seem like an easy way to save money. But in reality, there is a steep learning curve.
When it comes to selling a home, a whole lot of mistakes abound. From getting too emotional, missing out on the importance of hiring an agent, to setting unrealistic prices. Listed below are some major mistakes home sellers make and how to avoid them as advised by Realtor, Tatiana Kirasirova.
Failing to address needed repairs
Many sellers hope that buyers won’t notice their leaky faucet or broken shutters during home showings. But minor issues like these can leave them worrying about more serious problems lurking out of sight. Besides, a professional inspector will flag any defects on their report. Neglecting to address a major issue could lead buyers to ask for costly repairs, money back, or worse yet, walk away from the purchase altogether. To avoid disruptions, it’s important to make necessary renovations before your home hits the market.
Trying to time the market
You’ve probably heard the old saying. “Buy low and sell high”. But in real estate, that’s easier said than done. Delaying your home sale until prices have hit their peak may sound like a great idea. But predicting the market with certainty is impossible. And if you wait, the price of your next home could increase as well. Instead of trying to time the market, choose your ideal sales timeline. This may be based on factors like your personal financial situation, seasonal patterns or family dynamics.
Evaluating offers on price alone
Depending on the circumstances, some of these factors may or may not be important to you. When reviewing offers, most sellers focus on one thing which is: the offer price. However, a high-priced offer is worthless if the deal never reaches the closing table. Which brings us to the importance of considering other factors in addition to the offer price, such as; financing and buyer qualifications, closing date, contract contingencies and others.
