The general rule is that you come out of the property selling experience feeling rewarded; you should have always sold the place in the highest price range and spent the lowest amount of cost in the whole process. However, there are at times when sellers do miss out on things. Check out the top most common mistakes made by home sellers in the real estate market.
Mispricing Your Home
If you are going to be selling without an agent in 2017, and you have never gone through the experience before you might misprice the property. You might have overpriced it, or you might have underpriced the place. In either case, it is a money losing blunder. If the price is higher than what the property is worth, you will have trouble selling it, in which case you did not earn anything. On the other hand, if you sell your place at a lower price, you lose on the real monetary value of what you sold.
Neglecting Repairs and Renovations
You must always take care of damages in the house so that you can yield the correct price for it. If you fix things ahead of time, especially after you’ve moved out, you don’t have to have buyers see your place, point out the problems and never consider your property even if you make changes later on. Make sure that the buyers see your place in a flawless, if not luxurious, condition to help you get a buyer who will settle for the price you have asked for.
Incomplete Disclosure
Sellers pay a lot of money if after the transaction the buyer claims they did not reveal everything about the property before. You must be upfront and forthcoming about the issues at home. That way, not only is it a smooth ride, but you don’t run the risk of legal action taken against you.
Pride in Negotiations
Since you probably will be negotiating by yourself, don’t take the pointers personally. Instead, in order to make the sale come up with a win-win situation. This is probably the biggest transaction you will make in your life. Do not make the mistake of getting emotional just because the property has sentimental value attached to it.
Not Preparing the House for Staging
Just because you are selling the place without a realtor, it does not mean that you do not stage it. There are tons of ways you can DIY the staging process. Start with de-cluttering the place, putting on a fresh coat of paint, and removing all personal items like picture frames so that the prospective buyers don’t feel like they are intruding.
Not Considering Closing Costs
Property sellers end up wasting a lot of cash because they did not properly plan out the budget and the costs attached with selling. When you are preparing your home for selling that is the time when you should confirm the fees. Make sure that you review estimated costs before you hand over the keys.