There are many ways to ruin a real estate transaction. Here are eight of the easiest mistakes to avoid.
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Buying a home can be tough. There are a lot of opportunities to make mistakes. We want to help you avoid as many of them as possible, so we have a list of eight rookie mistakes that you need to avoid in order to have a successful sale.
1. Overpricing your home. If you price your home 10% to 15% over its market value, you’ll only capture 10% to 30% of prospective buyers. If you price it slightly below market value, you will capture the entire pool of buyers.
2. Not budging on your price. Even if you have the home priced right, you still may need to negotiate. If you do receive an offer lower than the list price, you should always counter.
3. Doing a lousy job of cleaning your home. Even if you have to hire a cleaning service, you need to do everything in your power to make the home spotless.
4. Using lousy photos. Homes that are photographed properly look better online, show better, and sell faster.
5. Leaving political or controversial belongings in the house. You don’t know what type of buyer will be coming through so it’s best not to alienate anyone by leaving personal items out.
6. Looking around while your home is being shown. This will make the buyer feel extremely uncomfortable. They are much less likely to ask honest questions.
7. Making it difficult to sell your home. Be as flexible as possible with showings and giving access to your home. In most cases, you’ll want to use a lock box.
8. Leaving pets at home during showings. The buyers might be afraid of pets and you may have unwanted odors.
If you have any questions for us about any of this or anything else relating to real estate, give us a call or send us an email. We look forward to hearing from you.