Selling your home at the right price means making the right impression to every potential buyer. Here are five huge mistakes to avoid when you sell.
Pricing your home too high
You might be tempted to price your home at a much higher price than it is worth. Resist that urge. Sellers who price their homes too high are always surprised when buyers do not bite at their price. If you are offering a good price, even a little bit higher than your home is actually worth, you will get multiple offers. You just have to ask.
It is much easier to sell a home at the right price if you price it near the averages for your area. However, it is far easier to sell a home for $150,000 than it is to sell a home for $120,000 if your appraisal is right. Sellers who price their homes too low sell for less than they expected. The trick is selling your home for the value of the house, which could be more or less than your asking price.
Failing to make updates to your property
If you’ve lived in your home for decades, it may be time to do a few updates. You’ve invested a lot of time and money into it and you want to be able to show potential buyers exactly what you have to offer. If you don’t take advantage of the latest trends in home design and technology, you’ll lose out on some serious profit potential.
Everyone is in a hurry to get into their next home. While you may want to make a few upgrades to make your home feel fresh, you need to make sure you make the changes to a high enough standard to add value.
Not staging the home properly
More than two-thirds of home sellers in 2016 didn’t properly stage their home, according to Zillow. Even if you’re moving to a smaller place, staging can make a huge difference in the way potential buyers see the space. It’s not just pictures and decor. Staging your home with professional help and investing in a housewarming gift from Bed Bath & Beyond can make a big difference, too.
Staging doesn’t have to mean spending thousands of dollars. You can stage a smaller space yourself for a fraction of the cost. You can rearrange your furniture, add accessories, and place art on walls to make the space feel bigger and more inviting.
Not having good curb appeal
It’s common for homes that are in demand to sell in less than a week, so it’s important to make sure you have a clear and concise selling strategy in place. That can mean doing some research, contacting a professional, or hiring an online home tour service like Redfin to make sure your property is appealing to buyers.
Don’t think that a brand-new kitchen or new paint job will be enough to get you a competitive offer, as buyers want a home that’s been thoughtfully designed and cared for. With more and more people today focused on design, design-savvy buyers know a good house when they see one.
Before you make any big purchases, it’s always a good idea to go through a trusted inspector to see if you’re getting a good deal.
Forgetting to show your home at its best
“Make sure you let your house shine by giving it the final spring cleaning and then do a final walkthrough with your buyers, making sure everything looks great, like the yard,” says Aryn Felice, national consumer expert for Realtor.com®, an online and mobile real estate marketplace.
Home shows are your best opportunity to make a good first impression. Even though you should always leave more than enough time to the closing date to negotiate a higher price, sellers need to be open to the fact that the home will be sold at the asking price or close to it.
Call Morgan Home Solutions in Newark, Delaware, Today
Morgan Home Solutions makes selling your home fast and easy. If your home qualifies, we can give you cash for your home in as little as a week. Contact us now!