1. Choosing an agent because the agent , who just got a license , is a family friend . In a seller's market it did not matter much, but in this market, experience counts. Choose an experienced agent who has sold in the area and check references.

2.Pricing their house based on what their neighbor told them was the selling price of their house. Sometimes neighbors may exaggerate and not tell the truth. The agent will show you a market analysis and the exact price that your neighbor sold for. If you read in the newspaper that it sold for a certain price, it does not show if the seller helped with closing costs. The actual amount that seller received may be different.

3. Choosing an agent based on what the agent tells them the house will sell for. Agents may give you a price range. They are not the buyers. The price will be determined by the buyer who makes the offer.

4. Choosing an agent based on commission  they charge. . If you are experienced and can handle the details involved you may want to list with someone just to get in the multiple listing or internet or with a limited service company. If you are busy and have another job besides selling your house, you may want to use an agent who does more than list in the multiple listing. You want to get all the help you can get in this market.  Real estate sales involves negotiating, marketing, knowledge of the market, and people skills and is a full time job.

5.Pricing their house too high, saying, 'we can always come down in price." You create maximum interest in the property in the first two weeks when it comes up as a hot listing. If you list too high, some people may not look at your house.

 

 
This post has been included in Pennsylvania Information

3 Comments on Five Biggest Mistakes Sellers Make When Listing Their House For sale

SEP
17
2007
The sixth biggest mistake may be not hiring a professional stager to be sure the house is ready for the market, ready to make the best all-important first impression, and sell quickly for top dollar! 
12:58pm • #1
OCT
02
2008
408,393 Points 3 Featured Posts Outside Blog

Julia, Thanks for the tip.

Dan, Thanks for stopping by.

8:06am • #3

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GITA BANTWAL, REALTOR BUCKS COUNTY, PA HOMES

Warwick, PA

More about me…

ReMax Centre Realtors

Address: 2701 York rd, Jamison, Pa, 18929

Office Phone: (215) 343-8200 x 124

Cell Phone: (215) 275-8491

Email Me

I will post
1.Tips for buyers
2.Tips for home sellers.
3. Tips for other Real estate Agents.
Information about  my listings and about the real estate market. Information about homes for sale in Philadelphia, Bucks and Montgomery Counties.

DISCLAIMER: Gita Bantwal disclaims liability for any damages or losses, direct or indirect that may result from use of or reliance on, information contained in the blog or for accuracy of comments or opinions of visitors to my blogs.Blogbar



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