Schaumburg Homes - What mistakes do sellers make when selling their home?

Real Estate Agent with RE/MAX Suburban

What mistakes do sellers make and how can you learn from their mistakes? Everyonemistakes sellers make wants to sell their home in a reasonable market time but many people don't realize the critical importance of some of these features. Agents have been polled on how their sellers have slowed or sabotaged their success in 2013.

Don't make these top blunders when you put your home on the market. With a little pre-planning you can make your home sell faster enabling you to get an increased selling price.

The top complaint (77%) has been that sellers have over-priced their home from the start. Many sellers have been misinterpreting the news each evening that home prices are jumping quickly back to pre-debacle prices. That is hardly the fact! Real estate is local and each subdivision in each town has been affected differently!

'I can always reduce the price'. Yes, that's true but you loose so much market momentum trying to get a price that buyers won't accept. If your home is currently on the market over 90 days with this inventory level - your home is overpriced! Fix it and get yourself back in the market.

'It's my house, I'll show it when it's convenient'. Yes, that's true it is your house but you are putting your home on the market where buyers choose the time and date. If you really want to sell your house - make it available at reasonable times!  My suggestion is to make your home available from 9 to 7pm every day of the week. Don't make the mistake of thinking that buyers only have time available on the weekends. I sell most homes Monday through Friday when people rearrange their work schedule.

lyn sims, northwest suburbsLooking for an agent that's a true market expert? 
Let's get your Northwest Suburban home on the market and priced right to sell!  I can zero in to your specific area and give you the current market details so you can make an informed decision and help your home sell faster.

If your home is currently on the market, is your agent showing you any of this information?  I'm one of those unique people that will tell you how the market really is. I'll explain the good with the bad so we can work on a solid strategy to get your home sold.

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lyn sims remax suburban  Lyn Sims    Schaumburg IL Area    Northwest Chicago Suburbs  ●  (847)230-7324

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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

There are certainly a few others but the chart has most every excuse that is normally heard. Nice job sharing the information.

Jan 26, 2014 03:01 AM #1
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Lyn, That overpricing will just not get the job done. It is going to sit and we agents get to continue to work for free. Not smart

Jan 29, 2014 10:29 PM #2
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL

Lyn - Excellent post! Sellers only get once opportunity to price their home right.

Jan 31, 2014 08:53 AM #3
Gayle Rich-Boxman Fishhawk Lake Real Estate
John L Scott Market Center - Birkenfeld, OR
"Your Local Expert!" 503-755-2905

Lyn, straightforward, to the point, and I LOVED this graph. So true!!

Feb 01, 2014 12:47 PM #4
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Lyn Sims

Schaumburg Real Estate
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