First published: 9 September 2022 @ 6:00 pm
Often, homeowners make these common mistakes when selling their house.
It is imperative that you avoid these mistakes, as they will cost you a lot of money and aggravation.
Common Home Selling Mistakes You Have to Avoid
Mistake #1: Selling House at a Lower Price
We know selling process is stressful.
Most of the time, homeowners would rather sell their house for a lower price than fix it up and wait for a higher price. However, that may not be the best idea.
There are many factors to consider when selling your house.
The home’s market value, location, and how long you have owned the house all affect the price you get for your house.
Your local real estate agents will help you figure out what price is right for your house.
You can ask them to provide a market analysis of your area to give you an idea of what the average price is for similar homes in your neighborhood.
Mistake #2: Not Negotiating Closing Costs, HOA Fees And Mortgage Rates
Many factors can affect sale price and the closing costs you pay. This includes the market conditions, the local economy, and even the time that it takes to sell your house.
A seller’s agent can help you with negotiating these costs. You should also have a contingency plan in place for any contingencies that may arise during the selling process.
A contingency plan will ensure that you do not lose out on potential profits when something unexpected happens during the selling process.
Mistake #3: Not Doing All Required Paperwork
This can be the most costly mistake of all. When you’re preparing to sell your house, you need to make sure that you do all the required paperwork.
If you hire a real estate agent, make sure that they complete all the required paperwork for you and sign it in front of a notary public.
If this is not done, the county clerk will be required to send a notice in the mail or notify you by phone or email.
You will have 30 days from when they send this notice to contact them and get your records back from them.
If you don’t respond within 30 days, then they will put your house on the market for sale at a public auction.
You can also go online and find out what happens if a home does not sell within 30 days of being listed on the market at auction.
Once again, it is important that you complete all the required paperwork before selling your house so that there are no hiccups along the way with potential buyers or inspectors.
This will help ensure that you have smooth sailing when selling your home.
Mistake #4: Too Hasty in Packing Your Things
While it is not the biggest mistake, it is the most common one. This is because people often get emotional when selling their house.
Therefore, they take all their things out, but forget to take the important ones.
They only put their family heirlooms and some of their favorite pieces in boxes, but leave the rest in the rooms or put them in boxes on a shelf or table.
You must make sure that you take out all your important things from your house before packing them.
In case you have items that are very sentimental to you, consider asking a friend or relative to pack them for you.
That way, you can concentrate on other things like getting rid of furniture and other items that are unnecessary.
You can also use a home cleaning service or moving company to do this for you so that it is easier for you. This will save you a lot of time and money.
Mistake #5: Not Hiring Experienced Real Estate Agent
Sales price and commission are two things that will help you get a good deal in your house.
You need to make sure that you hire an experienced real estate agent to handle the transaction for you.
The reason is simple: if you don’t hire an experienced real estate agent, then you may end up losing a lot of money because of certain mistakes.
For example, if you don’t pay attention to the process of negotiations and do not check on the house condition before offering a price, then the seller will not agree to your offer.
If you have an experienced real estate agent who has negotiated many sales before, then they can sell your house at a price that is very close to what it is worth.
Mistake #6: Not Meeting Potential Buyers Face-to-Face
The current market is not the best time to sell your house. Instead, use the opportunity to meet with potential buyers face-to-face.
By doing this, you will determine if they are a good fit for your house and property. In addition, you will have a better idea of how much they will pay for your house.
While you can do this through a real estate agent, it is always better to at least meet your potential buyer once.
Mistake #7: Not Hiring Real Estate Photographer
If you do not hire a real estate photographer, then your listing may not look appealing enough to potential buyers.
Also, if you do not photograph the home well, then it may be hard for people to envision themselves living in that home.
It’s especially important if you list your house online. If you have professional photography of your house, then potential buyers will have a clear image of what they are buying.
It will be easier for them to make an informed decision about whether they want to purchase your home.
The first thing you should do is hire a real estate photographer.
The next thing you should do is get some professional photos taken from your home before putting it on the market.
Put in Extra Effort for Extra Profit
The above article is a must read for any homeowner who wants to sell their house.
By avoiding the above 7 mistakes, you can avoid wasting thousands of dollars in fees and expenses when selling your house.
If you’re a homeowner, our blog, HandyWork, can help you sell your house for top dollar. Click here to find out more.