What Mistakes Can We Avoid When Selling Our Suffolk County Long Island House?
Selling your house, especially if you've never done it before, can be a challenge. Here are some suggestions of Mistakes You Can Avoid:
Mistake #1: Setting The Price Too High
Overpriced houses do not sell. Sellers often over-estimate the price of their house, and end up pricing themselves right out of the market. Overpricing is the number one mistake most home sellers make. If the price is not right, buyers won't even consider your property. Setting the wrong price may help your competition sell their property faster. More than any other factor, the right price will sell a house faster.
Mistake #2 Go It Alone Without A Realtor
The right Realtor will help you set a fair and competitive selling price for your house which will increase your odds of selling. An experienced Realtor can save you time, money, and lower your risk. In addition to local market knowledge, you need to choose the Experienced Realtor with the best marketing plan who will continually work to make sure that as many qualified buyers get to see your house as possible.
Mistake #3 Ignore The Condition Of Your House
Another big mistake made when selling your house is to ignore its condition. In today's market, a sparkling house gets the most interest and top dollar. Most buyers will not even consider a house that needs to be fixed and will automatically subtract the cost of needed fix-ups from the price they offer. A poorly kept house in need of repairs will lower the selling price of your property and will even turn away some buyers. Either way, you save nothing by putting off fix-ups and will likely slow the sale of your house.
Mistake #4 Limiting Your Marketing
Your house is probably the most expensive item you will ever sell so it only makes sense to have it marketed effectively. The Experienced Realtor will have many ways to market your house that will work best for your area. You want to make sure that your house is viewed by as many prospective buyers as possible. The marketing used should be able to reach local, national and international buyers. Social Media will help too. Remember, buyers are not always local and they need to find your house easily. Don't let inadequate marketing limit your chances.
Mistake #5 No Curb Appeal
When selling your house, make the first best impression from the outside curb appeal. Landscaping, shrubs, flowerbeds and even your front door will help create this first best impression. You want to give the "buy me" look before potential buyers even enter your house.
Mistake #6 Try To Hide Problems
Any problem with the property will be uncovered during the home inspection, so there's no use hiding it. Fix the problem ahead of time or price the property below market value to account for the problem. Realize that if you don't fix the problem in advance, you may turn away the buyers who want a move-in ready home. If they see the house is not as described, they may wonder what else you have tried to hide. Honesty is definitely the best policy so don't disappoint them.
Mistake #7 Get Involved Emotionally
Yes you have many memories and an attachment to your home, but buyers are not emotionally attached. Don't let your emotions dictate the sales price. You have to separate yourself from the emotional factor of selling the house so you can move on.
Mistake #8 Not Taking The First Offer
Homeowner's sometimes think that the first offer they receive will be only one of many more to come and want to hold out for a higher price. This is especially true if the offer comes in soon after the house is placed on the market. More often than not, the first offer may be the best offer. A house is most sale-able during its early marketing period, and the amount buyers are willing to pay will lose its value with the length of time a property has been on the market.
Mistake #9 Don't Respond Immediately
Another important step when accepting any offer is to reply immediately. You don't want to give a buyer the chance to change their mind because you are taking your time to respond. When a buyer makes an offer, they are ready and in the right frame of mind to buy. You don't want to lose a sale because you delayed in responding and then they have time to change their mind. Don't delay the negotiations.
Mistake #10 Skimping On Photos
Buyers are looking online first before they contact a Realtor. If photos aren't included in a listing, buyers may pass up an opportunity to view your house in person. Any homeowner who does not add photos to their listing is doing a real disservice to themselves. Photos can sell a house faster than one with fewer or poor quality pictures.
By knowing these Top 10 Mistakes To Avoid When Selling Your Suffolk County Long Island House, you will be able to more effectively address today's real estate market and get your house SOLD Faster!
Lawrence "Larry" And Sheila Agranoff are the Realtors to call when selling your Long Island Suffolk County house!
Call Our Cell: 631-805-4400
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