When home sellers get ready to sell their property they need to be sure they are not taking some inappropriate steps. Prior to making any major updates to your home get opinions from professionals and friends, otherwise, this may severely affect your bottom line in a negative way. Following is a list key seller mistakes:
· Putting the property on the market before it is ready. Most visitors view the property at the front-end of the sales cycle. Therefore, complete all repairs and updating of the property before marketing. In addition, have a complete set of photos and flyers available, plus a virtual tour will enhance the marketing of the property.
· Seller should not price the property based on his desired net. This many times leads to disappointment. Seller can always control the listing price, but cannot control the sales price. Buyer always has the leverage in the sales process.
· Do not make improvements to the house that does not conform to the neighborhood. Improvements that stick out may negatively affect your bottom line.
· Avoid hiring non-experienced real estate agent unless he as an experienced mentor. Recommend not hiring relatives. Mixing family and business is not a good combination.
· Once you decide to sell your home it becomes a house or commodity. The worst thing you can do is get emotionally involved; you may hear things from potential buyers that may hurt your feelings.
· Do not cover-up or fail to disclose problems with the property. If you do not properly disclose the facts you may be subject to a legal lawsuit.
· Not understanding your current market conditions in your location and your financial consequences.
To avoid potential problems it is necessary to do research, and seek the opinions from the following professions: real estate, finance and insurance.
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