For a smooth transaction, here are some of the common mistakes to avoid when selling your home.
CHOOSING THE WRONG REALTOR- You need to choose a real estate agent who not only knows the housing market and the area really well, but also has the sales expertise and marketing skills needed to make your house stand out. Choose a realtor with excellent reputation rather than just relying on family or friend’s suggestion. Research and review agent’s ratings and reviews to help you make the decision.
OVERPRICING YOUR HOME– Pricing your home too high will deter potential buyers. Your realtor knows the market and what the houses like yours are garnering in terms of prices. Your realtor will be able to provide you with updated market statistics and comparable homes to help you price right.
GETTING EMOTIONALLY INVOLVED- Once you have decided to put your home on the market, it will be helpful to distance yourself from the emotional aspects of selling your house where you’ve cherished so many memories with your loved ones. If you’re emotionally unprepared, it will be difficult to see your HOME as a HOUSE that needs to be sold. Try see yourself as a home seller rather than a homeowner.
SKIMPING ON LISTING PHOTOS- Most of the buyers today looks for homes online, so it is important that the photos of your home are the best representation of your house. Be sure to check with your realtor to ensure they have a professional photographer who will help showcase your home’s best assets.
BEING UNPREPARED FOR YOUR NEXT STEP – As with any major change, there are a lot of moving pieces during a real estate transaction. Having a backup plan in place and the mental preparedness for changes will help ease any disturbances. Ask your realtor up front about closing costs and get a hold of your mortgage payoff so there aren’t financial surprises. It is always best to prepare yourself financially and mentally for any scenario that may arise.