A short sale in Charlotte NC, is one of the options when a seller faces a financial crisis and has a hard time keeping up with their mortgage payments. A property might end up in foreclosure when not properly handled. Look out for these 5 common mistakes that short sale sellers make.
Choosing The Wrong Price
When marketing a short sale property, it is best to keep in mind the "Goldilocks Principle", meaning prices are neither too high nor too low. A reasonably priced property catches the eye of more potential buyers.
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No Marketing Strategy
Price is only one of the other factors to catch the attention of future buyers to a short sale. Another important factor is the effort put into marketing the property. This is what short sale sellers sometimes overlook.
You need to sell your home for the shortest amount of time possible. You can do this by marketing your property on as many platforms as possible.
Low Quality Photos of the Home
Some sellers make the mistake of not getting quality photos of their homes. They think that since it's a short sale, people would just be looking at how low the price is. Pictures speak a thousand words. In a short sale, the more a buyer knows about the great features of your home, the more likely you'll close the sale.
Neglecting Necessary Repairs
You might be tempted to leave the house "as is" when you're doing a short sale. Yes, repairs are an added expense. However, if you neglect to make the key repairs that matter most to buyers, your home might face foreclosure. This is much worse than a short sale, and nobody wants that.
Not Relying On Experts
The worst mistake that short sale sellers make is doing things on their own. Don't let this happen to you. Short sale agents can help you sell your home in the least amount of time, avoiding foreclosure. Work with a short sale agent who is professional, tech-savvy, and experienced. I personally recommend Charlotte NC Short Sale Agent Nancy Braun - Showcase Realty LLC. Nancy is an expert when it comes to real estate.
The short sale process can be long and stressful, but not to worry! An expert short sale agent can help you throughout the short sale process.