When you are getting ready to put your property on the market, there is a myriad of things to think about, to prepare for, and to organize. Here is a short list of some of the pitfalls to watch out for.
Deadly Mistake Number # 1 - Incorrectly Pricing Your Home: If your house is not priced competitively, people looking in your price range will reject your house in favor of other larger homes for the same price.Deadly Mistake Number # 2- Failing to "Showcase" your home: If you were selling a car, you would wash it or perhaps even detail it to get the highest price and sell it quickly. Houses are no ifferent. Deadly Mistake Number # 3- Staying at home during a showing. Deadly Mistake Number # 4- Mistaking "Lookers" for Buyers: Folks who try to sell their home themselves always get more activity than houses listed with an agent... no question about it. Realtors will only bring qualified buyers and these will be fewer than if you open your front door to everyone who walks down the street. Deadly Mistake Number # 5- Not knowing your rights and obligations Real estate law is extensive and complex. A Purchase Agreement is a legally binding contract. If improperly written, the contract can cause the sale to fall through or cost you thousands of dollars for repairs, inspections, taxes and remedies for items included or excluded in the offer. Deadly Mistake Number # 6- Signing a listing contract with no way out! Always protect yourself by getting a guarantee of performance with the right to cancel in writing! Deadly Mistake Number # 7- Limiting the marketing and exposure of the property. Deadly Mistake Number # 8- Believing that a Bank Appraisal is the real Market Value: The value of your home must be determined by what comparable houses in your neighborhood have sold for. Look at all of the SOLDS in the area and then decide. Deadly Mistake Number # 9- Not getting Performance Guarantees from your Realtor. Deadly Mistake Number # 10- Choosing the wrong Realtor: The sale of your home could be the most important financial transaction you will ever make. The person you select can make it a satisfying and profitable activity or a costly, terrible experience. It is your home and your money... the choice of your Realtor is up to you. Make your selection wisely.