Selling a home for the right price is a process that takes dedication and a great deal of know-how. With the help of the right real estate agent, you will likely get your home sold quickly and at a price that is fair. Still, in order to get the results you are looking for, it is best to avoid making these three common mistakes made by sellers.
Mistake #1: Asking Too Much
Many sellers get hung up on the amount of time and money they have invested in their home. As a result, they come up with an unrealistic asking price for their homes. Unfortunately, setting a price that is too high will drive away many potential buyers who will never give your home a second look. Furthermore, the longer a home sits on the market, the more difficult it is to sell. On the other hand, setting a price that is too low is likely to raise suspicion among potential buyers. For these reasons, it isimportant to discuss the price with a qualified real estate agent in order to come up with a price that is fair and reasonable. Some of the factors a qualified real estate agent will take into consideration when determining a price include the current market climate and neighborhood statistics. Don’t overlook the importance of this step in relying on an agent knowledgeable in your area – since we all know market conditions in Denver will vary greatly from those in Bethesda MD real estate.
Mistake #2: Failing to Realize the True Condition of the Home
As a homeowner, it is easy to grow accustomed to the flaws that you see every day. As a result, itcan be difficult to see the true condition of the home. Rather than focusing on the home’s highlights,concentrate on the problems and invest the time and money it takes to repair them. Otherwise, you willlikely need to reduce the asking price significantly. Remember, most buyers are not looking for a fixer-upper. Rather, they want a home they can move into right away and enjoy. Again, an experienced realestate agent will know what buyers are looking for and can help you make the necessary repairs andupgrades to get the home sold.
Mistake #3: Poor Marketing
Implementing a solid marketing plan is essential to getting a home sold. A professional real estate agent will create an aggressive marketing campaign that will get your home seen by those buyers who aremost likely to make an offer. In addition to guiding you through the process of staging the home so itwill be attractive to potential buyers, the real estate agent will hire a professional photographer who willtake pictures that showcase the home in the best possible light. When searching for a real estate agent,be sure to discuss his or her marketing plans before signing any paperwork. After all, the right marketing campaign makes a world of difference when it comes to getting a home sold.