5 Home Selling Blunders That'll Blow Your Mind

By
Real Estate Agent with Nothnagle Realtors
http://actvra.in/4Pnt

5 Home Selling Blunders That'll Blow Your Mind

Some homeowners who are attempting to sell their home or who will be selling their home make it seem like they are trying to solve a Rubik's cube.  The reason these home sellers make the process seem so impossible is because they are making some silly and sometimes comical mistakes.

Home sellers who follow the proper steps for selling a home and who are educated on the process can make it seem simple.  Those sellers who do not know what it takes to sell a home need to realize what mistakes can cost a home sale.

As a top real estate agent in Pittsford NY, I have seen for years sellers make crazy mistakes and sometimes some pretty humorous ones.  It truly amazes me sometimes that the majority of home sellers who are making these mistakes have no clue that they are.

So...what are the most common home selling blunders and bloopers?  Read on to find out five of the craziest home selling mistakes and bloopers that home sellers need to avoid at all costs!

Attempting To Sell Their Home Without A Realtor® (FSBO)

Most homeowners who attempt to sell their own home don't realize that more than 90% of For Sale By Owners (FSBOs) fail!  You read that correctly, 9 out of 10 FSBOs fail! 

There are tons of reasons why FSBOs fail in real estate and certainly one of the biggest blunder that is made by sellers is attempting to sell their own home.  Selling a home is one of the biggest transactions that anyone will ever encounter and not relying on a top Realtor® to help is nuts.

Some of the most common reasons why FSBOs fail in real estate and why attempting to sell a home by owner is a huge home selling blunder include;

  • FSBOs don't know how to screen potential buyers
  • FSBOs don't realize the amount of time it takes to coordinate showings
  • FSBOs don't know how to properly market their home
  • FSBOs don't know how to properly determine market value of their home

Hiring The Wrong Realtor®

I do give credit for those home sellers who realize they should hire a Realtor® to sell their home.  Another huge selling blunder that is not taking the proper amount of time to interview prospective Realtors® and ultimately, end up hiring the wrong one!

Choosing the wrong Realtor® to sell a home can be home selling suicide.  The truth is that real estate agents are a dime a dozen, however, like any profession there are top quality professionals, average professionals, and other professionals who don't have a clue.  

Hiring a top Realtor® who understands how to price a home properly and market a home properly nearly eliminates the chances a home seller makes themselves look foolish when selling their home.  Since there are so many online real estate marketing strategies that real estate professionals should be using to promote their listings and themselves, it's important to take hiring a Realtor® very serious when selling a home!

Believing Their Home Is Worth More Than It Is

There are some homeowners who simply cannot believe their home is not worth more than they are being told.  Whether a homeowner believes their home is worth more because they check out their "Zestimate" or because their neighbors home sold for more than theirs and isn't "nearly as nice as theirs," another common home selling mistake is sellers believe their home is worth more than it truly is.

Sometimes it doesn't matter if a seller talks with 3 top agents in their area and they all tell them it's not worth what they believe, they will find an agent who will agree to list it for the price they want.  These are often classified as "YES" agents.  Hiring a "YES" agent is one of the worst mistakes made when hiring a real estate agent to sell a home.  "YES" agents will agree to list a sellers home for whatever they would like because they simply want the listing, even though they know deep down that it won't sell.

Not Accommodating Showings

Another common home selling mistake that is made by sellers is not accommodating showings.  It's important that home sellers realize that when selling their home it can, at times, be very inconvenient.  The possibility that a seller may have to leave their home multiple times in a day is very real since every buyer has different times that will work in their schedules to view prospective properties.

Those sellers who only allow showings during a small window of time and on certain days are shooting themselves in their own foot.  It's important when selling a home that sellers do not make the home selling blunder of not being accommodating with showing requests.  This is a surefire way to kill a home sale!

Being Unrealistic With Negotiations

Quite possibly the most humorous home selling blooper that sellers make is being completely unrealistic with their negotiations.  Whether it's during contract negotiations or negotiating potential repairs from a home inspection report, a home selling blunder that is often made is not being realistic with negotiations.

Think about it for a moment...most buyers are going to have a home inspection and rightfully so.  If a home inspector indicates that there are several double tapped circuits in an electric panel which is a potential fire hazard, don't you think it's warranted for a buyer to ask them to be corrected prior to them purchasing the home?  I mean they are spending hundreds of thousands of dollars on the home and want to ensure their investment is a safe one.  

Believe it or not, there are plenty of home sellers out there who make the common home selling mistake of not agreeing to make legitimate repairs.

Final Thoughts

The above 5 home selling blunders truly blow my mind when they are made.  There are literally dozens of other top home selling mistakes to avoid, but instead of me talking about them, that is where you come in!

I'd love to hear what home selling blunders and bloopers that you have seen that absolutely blew your mind.  Comment below with the craziest ones you have seen!

close

Re-Blogged 5 times:

Re-Blogged By Re-Blogged At
  1. Ginger Harper 03/01/2016 01:30 PM
  2. Jeff Dowler 03/01/2016 08:24 PM
  3. Patricia Kennedy 03/02/2016 10:00 AM
  4. Beth Atalay 03/02/2016 08:25 AM
  5. Praful Thakkar 08/18/2016 12:48 PM
Topic:
Home Selling
Location:
New York Monroe County
Groups:
Blogs Happen...
Almost Anything Goes
Dedicated Bloggers
Realtors®
Addicted to Active Rain
Tags:
home selling
real estate

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
24,802
Kyle Hiscock
Nothnagle Realtors - Rochester, NY
Licensed Real Estate Salesperson, Realtor®, e-PRO®

#45 - Dorie Dillard - Thanks for the stopping by and appreciate the compliments!

#46 - Kathleen Daniels - Hiring the wrong agent is a huge mistake, no doubt.  Not getting proper guidance can be a surefire way to fail when selling a home!

Mar 03, 2016 08:53 AM #48
Rainmaker
75,280
Mark Lomas
Sotheby's International Real Estate - Santa Barbara, CA
Excellent Service, Superior Results

Those sellers that "Believe their home is worth more than it is" typically sell for less than if they priced it right at the front end statistics show. Zillow's Zestimates are ludicrous as is Zillow. Walk into a bank with a Zestimate and ask for a loan and they'll laugh you out the front door!

Mar 03, 2016 11:57 AM #49
Anonymous
Sharon Mastrianna

Great article, the biggest blunder I ever ran across was arguing over a cracked tile! The entire deal almost fell apart.

Mar 03, 2016 01:16 PM #50
Anonymous
Terrilee Fitz

Excellent. Keeping either the buyer or the seller from jumping off the cliff when something comes up, seems to be our job these days. Everything can be repaired somehow, either financially, or physically, and we need to make sure we are communicating that to our clients! Enjoyed the article!

Mar 03, 2016 01:40 PM #51
Rainmaker
1,794,273
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Kyle Hiscock  These are very good list of home selling mistakes home sellers should avoid.

Mar 03, 2016 02:40 PM #52
Ambassador
1,915,652
Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Kyle ... great post, some great information and featured to the group:

Addicted to Active Rain

Mar 03, 2016 05:35 PM #53
Rainmaker
24,802
Kyle Hiscock
Nothnagle Realtors - Rochester, NY
Licensed Real Estate Salesperson, Realtor®, e-PRO®

#49 - Mark Lomas - It would be hilarious to see someone walk in with their Zestimate to a bank LOL!!

#52 - John Pusa - Thanks John!  Appreciate you stopping by!

#53 - Robert 'VEGAS BOB' Swetz - Thanks Robert and awesome to see the feature in the group as well!

Mar 04, 2016 06:39 AM #54
Rainmaker
153,330
Gordon Crawford
Gordon Crawford Home Selling Team - Morristown, NJ
Your Morris County Specialist!

Kyle,  Great post!  I think you can also add to the list NOT STAGiNG and NO PROFESSIONAL PICTURES.  In my mind both of those are necessities to a successful sale.  

Mar 05, 2016 12:09 PM #55
Rainmaker
1,299,530
Lottie Kendall
Today | Sotheby's International Realty - San Carlos, CA
Serving San Mateo County and San Francisco

Big blunder: being insulted by an offer and refusing to counter.

Mar 06, 2016 09:53 AM #56
Ambassador
3,260,893
Patricia Kennedy
Evers & Company Real Estate, Inc. - Washington, DC
For Your Home in the Capital

Hey, Kyle!  I included this post in today's Last Week's Favorites.  Enjoy the rest of your weekend!

Mar 06, 2016 09:54 AM #57
Ambassador
2,547,423
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Kyle

Stopped by again to congratulate you on being on Pat's list for the week, and for excellent post. It's definitely worth sharing with sellers and potential sellers

Jeff

Mar 06, 2016 05:04 PM #58
Ambassador
2,412,029
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Kyle- you hit on excellent points.  Not hiring a professional agent to guide you through this process is tops on the list. 

Mar 06, 2016 05:19 PM #59
Ambassador
1,861,129
Paul S. Henderson, REALTOR®, Broker, Tacoma Washington
RE/MAX Professionals. - Tacoma, WA
Tacoma Washington Agent/Broker & area authority!

I have read this post several times and I see something more each time I read it Kyle Hiscock 

Mar 07, 2016 04:37 AM #60
Rainmaker
353,319
Lynn Pineda
Keller Williams Realty - Coral Springs, FL
Coral Springs REALTOR- Promises Delivered

Great article  Kyle Hiscock .  Blunders indeed! Sometimes you gotta wonder if Sellers really want to sell their home.

Mar 07, 2016 08:14 AM #61
Ambassador
1,220,829
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise in NE Philadelphia & Bucks County

How about the " I am not giving my house away " scenario where they want to list it $30,000 more then everyone else because their house is so much nicer 

Mar 07, 2016 03:37 PM #62
Ambassador
1,474,759
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

Great post! Nicely done. Nothing I can add! Glad Pat shared this. 

Mar 07, 2016 07:18 PM #63
Rainmaker
24,802
Kyle Hiscock
Nothnagle Realtors - Rochester, NY
Licensed Real Estate Salesperson, Realtor®, e-PRO®

#55 - Gordon Crawford - Those are two great additions for sure!  Thanks for stopping by!

#56 - Lottie Kendall - Agreed 100%!  Not responding kills any chance for a buyer and seller coming to terms!

#57 - Patricia Kennedy - Thanks for including my post in your weekly favorite post! 

#58 - Jeff Dowler CRS - I'm honored to be included in Patricia's weekly favorite post!  Thanks for stopping in again!

Mar 08, 2016 01:34 PM #64
Rainmaker
24,802
Kyle Hiscock
Nothnagle Realtors - Rochester, NY
Licensed Real Estate Salesperson, Realtor®, e-PRO®

#59 - Kathy Streib - Thank you!  I agree, having a top agent can make all the difference between a home selling or not!

#60 - Paul S. Henderson, REALTOR®, Broker, Tacoma Washington - Thanks for the compliments and glad you continue to find new things in it!

#61 - Lynn Pineda - Thanks Lynn!  Great interacting with you here on AR!

Mar 08, 2016 01:35 PM #65
Rainmaker
24,802
Kyle Hiscock
Nothnagle Realtors - Rochester, NY
Licensed Real Estate Salesperson, Realtor®, e-PRO®

#62 - Hannah Williams - That is a classic for sure!

#63 - Karen Fiddler, Broker/Owner - Thanks for the compliments and appreciate you stopping by!

Mar 08, 2016 01:36 PM #66
Rainmaker
353,319
Lynn Pineda
Keller Williams Realty - Coral Springs, FL
Coral Springs REALTOR- Promises Delivered

Active Rain is great Kyle Hiscock and glad to see you here as I've been so absent!

Mar 08, 2016 05:22 PM #67
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
24,802

Kyle Hiscock

Licensed Real Estate Salesperson, Realtor®, e-PRO®
Ask me a question
*
*
*
*
Spam prevention