Avoiding the 7 costly mistakes in selling your home
This is a very good post by Rocky Dickerson. It has a lot of great advice for those looking to sell a home. I particularly like the quote about stepping over a dollar to pick up pennies. I think every time someone sells there home using an iBuyer, they are stepping over dollars to pick up pennies. All of the conveniences an iBuyer provides are all designed to pick up a properties off market at a low price and, in this highly competitive market, shift the possible bidding up in value, possibly above appraised value to the iBuyer. I will never understand it.
I also think his idea to get an appraisal and home inspection up front is a winning strategy. Make sure to click on his link at the bottom of his post to get the full article.
Well done, Rocky!
Selling your Las Vegas home - Avoiding the 7 mistakes
There are 7 costly mistakes to avoid in selling your Las Vegas home. Mistakes that can cost you tens of thousands of dollars – even more. Therefore, let’s take a quick look at the 7 costly mistakes to avoid in selling your Las Vegas home.
Don't step over dollars to pick up pennies
First, let’s remember the old saying, “don’t step over dollars to pick up pennies”. Far too many folks think they can cut corners to save money. In fact, what they end up doing is losing 10 to 100 times more than they thought they would save.
The irony here is that spending money makes you more money. I spent less than $200 for storage when I sold my home. That investment made me more than $10,000 extra. This is important everywhere. Las Vegas, Henderson, Summerlin, Rhodes Ranch, Mountain’s Edge, Peccole Ranch, Southern Highlands, . . . everywhere. Yes, that means houses and condominiums as well.
Hire a professional
Second, hire a professional. Yes, pay for a full-service real estate agent. People think they can save a 6%, 7% or 8% commission. However, statistics show that in saving a commission, sellers actually end up with over 20% less money in their pocket. I would rather have 93% of full price than 100% of a 20% reduced price. That goes for communities from Fairway Pointe, Copper Ridge, Sovana and Nevada Trails to the likes of Queensridge, Brookshire, Coronado Ranch and Spanish Trails.
A professional knows the laws and procedures. They know who is reliable and trustworthy to deal with. As you may imagine, there are folks out there that are less than professional to deal with. The professional you hire can help you protect yourself from those substandard experiences. It only takes one bad experience to make your sale a disaster.
A professional also has their finger on the pulse of the marketplace. They can tell you exactly how to place your home on the market in such a way as to gain the greatest interest from buyers.
Make the home less "you"
Third, make your home more neutral and less “you”. What does this mean? This means clear all your countertops. Also, empty 50% of the clothes in your closets. Remember as well to remove the extra decorations and pieces of furniture in your home. Empty the stuff in your garage. Also, take any BOLD colors and paint them a white or off white shade. The key here is that when the buyer walks through, you want them not to see “you” in the home. Instead, you want them to see themselves in the home. The more they can see themselves in the home, the more offers you get. Likewise, the more offers that you get, the higher price you get.
So, rent a storage space. Some storage areas will even give you the first month’s rent for free. So, if you rent a truck for $50 or $80 for a day and use that storage space, you may put an extra $10,000 in your pocket.
Make your home easy to show
Fourth, make your home easy to show. I saw one listing that said “Can only be shown Tuesdays or Thursdays between 10am and 1pm.” Remember, the fewer offers, the lower the price. Many smart sellers even have a friend take their pets for the first few weeks. This allows for easier showing and less “aromas” to remind buyers that this is someone else’s home.
Have the agent place a lockbox on the home. These days that increases security as the agent can track all agents in the home.
For the rest of this article, CLICK HERE
For more information, EMAIL ME
And see my latest information at:
CLICK HERE to see what your home is worth
CLICK HERE to search for Las Vegas area homes
Comments(18)