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What are the Worst Mistakes Sellers Make?
Selling a home is an emotional process, one that can make sellers susceptible to all sorts of pitfalls along the way. In an effort to help make the transition easier, we here are our top 6 Seller Mistakes:
Forgetting about curb appeal:
The old saying still reigns true “You never get a second chance to make a first impression." So take the time to lay new sod, plant hedges, or colorful flowers to make it inviting and set the stage for your buyers. If you can’t get the buyer’s through the front door, any interior improvements won’t matter.
Pricing your home too high:
Sellers think they can always reduce the price if needed. The problem with this approach is that the home will sit on the market until it is priced right and may become stigmatized. Price your home right from the start - based on comparable recent sales, upgrades, and condition.
Not preparing the home for sale:
Don’t try to rush to put your property on the market without the proper preparation. Too often sellers disregard easy steps like decluttering and staging their home. If they would’ve taken the extra time to do these things, they could very well see a higher purchase price and save time on the market.
Neglecting to make necessary repairs:
Homeowners who are planning on selling within a few months or years tend to put off maintenance, this can prove to be a costly mistake. Once you sell the property, you will have to disclose all known defects to a potential buyer. The repairs could be more expensive to fix later and will come off the sales price of your home.
Investing in unnecessary upgrades:
There is little point in investing into upgrades that a new buyer may or may not want. Remodeling a kitchen or bathroom can be a large undertaking and involves a lot of preference. Doing so right before selling rarely leads to a return in investment, especially when carrying costs during the renovations are considered."
Taking low offers too personally:
Sellers are trying to get top dollar for their property and buyers are trying to pay the least amount possible for that property. If a low offer comes in, try not to take it personally. Look at it as a starting point for negotiation or it may be an automatic 'no', either way, it's important to keep a level head.
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