The groundhog may have seen his shadow, and winter is going to last another six weeks (or longer), but if you are wanting to sell your home before spring/summer now is the time to start the process. Here are four big mistakes to avoid when selling your home.
#1. Failing to Prepare
The Boy Scout’s motto is Be Prepared, and that is exactly what you need to do before you put your home on the market. You want to get your home on the market as soon as possible, but you’ll only do yourself a disfavor if you rush and ignore the little things that will make your home shine. Take the time to declutter your home, stage it properly, and fix any problems with your home. Even small things like chipping paint or an old water stain from a fixed leak will be red flags for astute buyers. Boost your home’s appeal (and sales price) by fixing these issues before putting your house on the market.
#2 Overvaluing Your Home for the Current Market
We get it, everyone loves their home (even if they are ready to move) and feels like it is worth 100% more than what they originally paid for it; however, people who are looking at your home won’t see it that way. What you paid for your home 5 years ago isn’t necessarily what someone will pay for it today. And while real estate tends to increase in value over time, fluctuations in the market dictate what price your home is currently worth. Talk with your qualified local Realtor about doing a market analysis to see what your home is really worth before deciding on a list price. Setting your list price too high will push away potential buyers and leave your home on the market for too long.
#3 Being Over-involved Showing Your Home
So you’ve listed your house with a local Realtor (very smart), now it is time to step back and let them do their job! It’s natural to want to be involved in the sale of your home: no one knows your home like you do, after all; however, having the seller present during showings or open houses makes it awkward for potential buyers. They tend to rush through and not give your home the look it deserves because they feel as if they are intruding.
#4 Not Working With Your Local Expert
You wouldn’t ask your mechanic to look at your sore tooth and you wouldn’t ask your dentist to fix your broken radiator, so why would you risk selling your biggest investment without the help of a professional? Your local Realtor is your best resource from start to finish in the home sales process. They know how to accurately price your home, market it to the best potential buyers, show the house and paint it in the best light, and how to effectively negotiate the best possible price for you. Not to mention all of the paperwork that goes with buying and selling a home. Trust in them to take care of you and your home.
Ready to sell your home today? Contact the professionals at Todd Realty for an estimate of your home’s value.
Todd Realty inc.
813 South Huntington St.
Syracuse, IN 46567