6 Common Mistakes People Make When Selling a Home
There are some common mistakes that people make when selling a home that can keep their home from selling, cause legal hassles, or delay the sale. While selling a home is not always cut and dry, there are a few common mistakes that you can avoid during the home selling process.
Mistake: The House Isn't Ready
If your home is in need of major repairs or hasn't been set up properly for the sale, you can create more troubles for yourself than you might expect. A home that is in poor condition may not sell as quickly or for the amount you desire. People want a home they find appealing. If your house and property are not cared for or have obvious repair needs, a potential buyer may be turned off right from the start. More often than not, a buyer wants a home that is turn-key ready.
Mistake: Too Much Improvement
While you want your home to shine like a diamond, you don't want to do so much improvement that it outshines all the other homes in the neighborhood in an unbalanced fashion. Your neighborhood may being in buyers looking for houses that are comparible to other homes in the area. Doing high end improvements that push the house outside of their price range may make it more difficult to sell your home.
Mistake: You Didn't Hire the Right People
Your brother's best friend may cut you a great deal on painting the upstairs bedrooms, but if he isn't qualified or skilled in that area, he may end up costing you the sale of your home. Hire professionals to do any work on your home prior to it being placed on the real estate market. This is a good practice for anyone who may be involved in the home selling process. Hire a trusted real estate professional to work on your behalf. Your uncle may think he can help sell your home, but if he isn't a licensed real estate professional, you could end up in a world of woes.
Mistake: Being Dishonest
You may want to hide the little things that need attention in your home, but it isn't a good idea to try and pull the wool over anyone's eyes. Being dishonest isn't just unethical, it can cause you legal troubles. Never fail to disclose things that need repairs or any other problems related to your home. While hiding these things may sell your home quicker, the legal actions that could come as a result of the dishonesty could cost you more than you ever imagined.
Mistake: Lack of Patience Before Listing
Know the real estate market before you put your home in the mix. This is where having a skilled real estate professional in your corner can save you time and money. They know the current real estate market and the trends. You want to make sure you're listing your house for the correct amount so that you pull in the buyers that are suited to buying your home. Rushing to list your home without knowing important real estate market information could cause your home to sit on the market for longer than you wish.
Mistake: Letting Your Emotions Rule
You may have lived in your home for a long time and have strong attrachments to the community. You have a natural, emotional bond with the home due to memories created while you lived there. Keep in mind that the house is not a place where a potential home buyer has an attachment at this point. It's not uncommon for a homeowner to unintentionally push away a potential buyer because they don't feel they are right for their beloved home. While your connection is understandable, you will delay the sale of your home by letting your emotions take control.
Taking care to avoid these common mistakes that people make when selling a home will help you sell your home quicker and with less chance for negative experiences. Give Ashley Kimble Slaughter a call today at 225-235-9379 to discuss the sale of your home.