Selling your home is time-consuming and challenging especially if you’re doing the transaction yourself the first time. Prospect buyers will check your property, criticize the place, and may provide low ball offers. These are a bit frustrating, right?
If you have no experience in the real estate ground, it feels daunting and emotionally challenging. And to be frank, you will for sure make lots of mistakes.
Biggest Mistakes Home Sellers Make
Minimize or totally avoid pitfalls. And make sure to sell your house fast at a decent price without getting too overwhelmed by the nitty-gritty of the transaction.
Here are top 5 mistakes most homeowners fall into the trap.
1. Positioning Yourself as the Homeowner
If you are finally decided to sell your house, position yourself as a business person rather than the homeowner. Look at the deal from a business perspective to avoid separation anxiety from the place you’ve built so many memories.
2. Avoiding a Cash Home Buyer
Selling your home is a real challenge. Some home sellers opt to hire a real estate agent to help them with the complete transaction however it takes an average of 3 months to successfully close a deal with the perfect bidder. So much time wasted, isn’t it? Worst is 6% commission goes to the agent, which is undeniably unfair to you as the owner.
Instead of hiring a real estate agent, why not sell your property to a reputable cash home buyer and sell your house in 7 days. It’s easier to carry out transactions with them as they know the business and always consider the owners deal without asking for a commission. Selling your home to a cash home buyer also saves you from credit and possible foreclosure.
However, beware of scammers, who portrayed themselves as would-be buyers. These warning signs can help you assess your buyers.
3. Pricing too High
Make sure you set a competitive asking price. Check the comparable market analysis or find comps for your house to identify the fair and decent amount to price your home.
Overpriced properties don’t sell. Instead, bid on the low side as it proves to generate more offers. This way, someone will definitely bid up to the home’s realistic market value just to win the bid. In fact, underpricing is a great strategy to spawn more interested parties to your listing.
Real estate transactions are now done on the web. Make sure to take advantage of the free advertising by posting high-quality photos of your home’s assets.
Set listings apart from the others by posting clear and crisp actual photos of your property. Let them experience your home through your photographs. This helps you generate more interested buyers.
5. Hiding Significant Problems
Never hide problems about your property as it will be uncovered soon during the buyer’s inspection. What you can do is to under price your property, resolve it ahead of time or place it at a normal pay rate with a credit to fix the issues.
You can also take advantage of the FHA 230 (K) Loan to fund your home improvement projects.
Fix the problem as soon as possible to avoid losing interested buyers who want a turnkey home.
Selling your home is not easy as putting a “sale” placard on your door. Avoid the above mistakes for a seamless transaction that will give you a rewarding sale and experience.
If you are serious about selling your property fast, it is best to find a reputable cash home buyer to buy your house for cash at a decent and competitive selling price. The Home Buyer is here to save you from debts, foreclosures, and taxes.