It includes emotional challenges and time-consuming task, when comes to selling your home, especially if you are doing it for the first time. Strangers, as a prospective buyer will come to your home and may criticize about something in your home, which is not just a roof and four walls to you.
They may poke in your cabinets and closets and top of everything, they will bargain and show up their interest to get your home at a lower price than your home really worth for. As selling a home is a complex transaction on your hands if you are performing with no experience, still through gaining a little know-how about the same, you can get rid of several of these below mentioned mistakes easily.
Emotionally involved in the property
Once you are sure about selling your home, you must begin to think yourself as a home seller and a business person. You must look at the transaction from a solely financial perspective, which makes you to stay emotionally distance from your property.
Also, try to recall that you have decided to sell not only a property, but also a lifestyle, a dream and an image, which makes you to put forth additional efforts of staging for your home and thereby you can get more dollars. These not just add up your selling price but will help you to become less familiar and emotionally detached from your home.
Reluctant to hire an agent
It is true that a realtor will charge you hefty commissions to sell your home, but with no experience if you try to do it yourself, it is probably an ill idea. A good agent will assist you to fix fair and competitive selling price and will amplify odds in your home if any of a quick sale.
They will also save you time as they directly interact with prospective buyers and eliminate the tire kickers who just will do window-shopping. A real estate broker has much experience in selling the home and will potentially assist you in getting additional money than you could do it with your own. In case of any problem and pitfalls that crop up in mid of the transaction will be handled by an experienced agent.
Presuming you must go with an agent service
If you decide to do it yourself, you need to research on newly sold real estate property in your area and fix the best selling price for your home accordingly. You must take responsibility of marketing and ensure to list your property on the Multiple Listing Service in your specific location and thus you can reach many potential buyers.
You have to discuss, negotiate with the buyer’s agent which includes time-consuming, stressful, emotional aspects for a few people. Even if you give up hiring an agent, consider opting for a real estate attorney to assist you to finish the deal. Even after paying attorney’s fees, you can save thousands of money in your selling price.
Fixing an unrealistic price
Fixing a right price for your property is vital significant whether you do it yourself or through an agent. Understanding the prevailing market situation, you should do it as on the other hand buyer will also do such analysis for your home. Remember, overpriced house will not get sold out. On the other hand, under pricing your property is also a strategy to additional interest in your listing.
Selling in the winter
It is not recommended to sell your home during winter, especially around the holidays. As people will be held up with their social engagement and cold weather preventing the potential buyers to indulge in home inspection, it’s better to list during non-winter season. Still, only a few buyers may show interest in buying a home and it may take too much time to sell your home and there is less possibility to get much money.
Signing a deal with an Unqualified Buyer
You can expect a buyer knocking your door with a mortgage pre-approval letter or proof funds for ready cash purchases. But, signing a deal with a buyer who is dependent on the sale of his or her own property may lead you to face serious consequences if you require closing the contract within a specific date.