When you’re ready to sell your house, you want to sell it as quickly as possible and receive the most return on your investment. What you don’t want to do is make the common mistakes that some sellers do when they decide to put their home on the market.
Mistake 1 – Incorrect Pricing
There are quite a few things to consider when pricing your house. Your real estate agent will provide you with a home valuation that is based on several factors. They will look at the recent houses sold, any upgrades you’ve made, and the current real estate market. Take their suggestions seriously. You don’t want to set your price too high or too low.
Keep in mind that potential home buyers have a world if information at their fingertips. They can search for homes online and make comparisons without leaving their living room. You don’t want your house to fall through the cracks when they compare it to one that’s similar.
Another thing to remember is that the asking price and the selling price are two different things. The asking price is the amount you set. The selling price is the amount the buyer is willing to pay. You want these two numbers to be as close as possible when you reach an agreement.
Mistake 2 – Rushing Things
If you’re like many people, you want things to proceed quickly once you’ve decided to sell your house. It would serve you well to slow down and make sure you have everything in order before moving forward. Take some time to look around your property to see what needs your attention.
Take care of any items that need repaired or replaced. Consider adding a fresh coat of paint or having your house power washed. Take a walk around and see if there are any dangerous areas that need a professional.
Mistake 3 – Not Taking Offers Seriously
You want to pay close attention to any offers that come in while your house is listed, but don’t ignore the first offer that comes in because you think you’ll get a better one. Your real estate agent will advise you on the validity of the offer, and they have valuable insight on the likelihood of getting a better one.
You may think that holding out will benefit you but it could end up costing you a great offer and cause your house to sit on the market longer than needed.
Mistake 4 – Messy or Unappealing House
You want your house to be as appealing to potential home buyers as possible. This takes a bit of work and it can be a hassle during the time your house is on the market, but the payoff could be huge! Start with the curb appeal and move inside.
Make sure the outside of your house makes someone want to see what’s on the inside. Keep the lawn well-manicured. Put away toys, decorations, and pick up any debris. Add a touch of color with new flowers in the flowerbeds or add a potted plant near the door.
Pay special attention to the kitchen and bathrooms. These are the rooms that sell houses. Your kitchen should be clean and free of odors. You might want fish for dinner, but it’s a good idea to leave that for a time when your house isn’t on the market.
Busy households may find keeping their house show ready to be a challenge. If you have small children, place a small box of toys for them to use during play times. Pack the rest of their toys away for the move. Make a game of cleaning up quickly. You may want to offer prizes and do surprise races to make things fun.
Mistake 5 – Waiting to Sell
Your real estate agent is your best source for advice on what’s happening in the current real estate marker, but no one can predict for certain what’s going to happen this month or months down the road. If people could predict this sort of thing, all real estate investors would be billionaires. If you’re ready to sell your house, speak to your real estate agent and move forward. Waiting for the market to be perfect could have you paying additional expenses.
Ready to discuss selling your house? Give The Eastside Real Estate Team a call today at 425-200-4093.