Tuesday, May 21

4 Common Mistakes Home Sellers Make

No matter how you slice it, 2022 is going to be a seller’s market. People are looking to buy-buy-buy as the COVID crisis slowly resolves, and those looking to sell their property are going to find themselves in luck.

However, not every seller was created equal. If home sellers want to profit as much as possible during this seller’s market, they’re going to have to understand some of the most common home-selling mistakes.

This article will walk you through some common missteps, so you can avoid them when you sell your house.

1. Not Expecting Low Offers

If you’re selling your home, there’s a good chance that a buyer will offer you a price that’s lower — even far lower — than you expected. This should be when negotiations start. However, for some people, this is where it falls apart.

Do not lose confidence in your home and simply accept this offer. Likely, the buyer is using a business tactic to start negotiations off in their favor.

Do not take this offer personally and get angry. Once again, this is strictly business — they’re not trying to insult your home.

2. Overpricing

We understand that you’re going to want a lot of money for your home. In a seller’s market, you might develop unrealistic expectations about how much people are willing to pay.

However, overpricing is going to cause you more harm than good.

You don’t want to sell yourself too short, but overpricing is going to make buyers look the other way. It also may lead to mistrust in the future, even if you bring your price down.

3. Selling Alone

You might think that choosing to forego a real estate agent or group would save you money. But while you might have to pay less fees up front, you’ll wind up paying for it when you wind up selling your house for less money and more hassle than you could have.

Selling a house is deceptively tricky because of the selling aspect. How complicated could a purchase be? One person wants one thing and pays the other for it.

Unfortunately, it’s not that simple in the world of real estate. The price of a house is constantly fluctuating based on condition and marketing. If you want to end up with a fair deal, you’re going to have to find yourself a great realtor, like Chadschwendeman.com.

4. Forgetting About The Image

No matter how nice any house is, it won’t simply sell itself. Someone living in a house has their own particular style that won’t appeal to others.

It’s tempting to think that prospective buyers can look through your furnishings to see the house of their dreams. Nothing could be further from the truth. If you don’t stage your house to look neutral, buyers will get an incorrect vision of the house in their heads.

Understand Mistakes Home Sellers Make

At the end of the day, some of the best advice home sellers can learn about selling a home is what not to do. Make sure you avoid these classic mistakes and you’re far more likely to succeed.

For more articles like this, check out the rest of our blog.