8 Terrible Mistakes When Selling a House and How to Avoid Them
Selling a house can be exciting when you’re ready to relocate and move homes. For beginners, the process can also be challenging if you have a lack of experience. If you want to avoid losing money or prolonging the process, there are a few common mistakes to avoid making.
1. Failing to Stage the Home
Many people assume that they only need to clean the house before listing it on the market. Failing to stage the interior setting can turn buyers away if they’re not attracted to the furnishings and decor that is on display. Make it a point to hire a staging company to use neutral decor that appeals to more people. You’ll also want to remove any clutter that is present, which can be an eyesore and detract from main features on the property. Avoid stuffing everything into cabinets or closets where potential buyers will be inspecting as they tour the home. Opt for renting a storage unit in the local area to free up extra space in each room.
2. Pricing Too High for the Market
Pricing your home too high for the market is an easy way to turn people away if it’s out of their price range. A higher price tag can cause the house to sit on the market for several months, which will make it less desirable and in demand.
Check out similar homes that recently sold in the local area to get an idea of what your price is worth. Hiring an appraiser will also provide you with an accurate number.
3. Selling it in Poor Condition
Selling the house in poor condition will not only affect its value but can make it sit on the market for too long. You’ll need to make various upgrades and perform repairs to avoid turning away buyers. Consider installing new appliances, adding a fresh coat of paint on the exterior of the house, and fixing leaks that are present.
4. Hiring an Inexperienced Agent
Hiring an inexperienced agent can make it difficult to avoid mistakes or have enough exposure on the market. Look around for someone who is a veteran in the industry and is knowledgeable about your neighborhood.
Consider interviewing the agent ahead of time to determine if they communicate well and ask how many homes they’ve sold in the last year.
5. Using Bad Photos
The photos that you’ve used in your ads will determine how many people visit the property. Hire a professional photographer to take pictures of the interior and exterior setting. The photographer should be willing to edit the images and stage the home to make it look appealing. Using plenty of natural light on a sunny day will make your house look attractive to buyers.
6. Showing Up for Open Houses
An easy way to make potential buyers feel awkward and uncomfortable is to be present during open houses. You may want to see who shows up to tour your home, but accompanying your real estate agent to the event will make the buyers feel awkward as they inspect the interior and exterior setting. They may not be able to be completely honest with their opinion or feel at ease when asking questions.
Being present at open houses can also make it easy to become too emotional about who you sell the home to once someone makes an offer.
7. Getting Emotionally Involved
Getting emotionally involved can make it easy to think more about how you feel rather than the best decision to make. Choose to view it as a business transaction rather than an emotional process to avoid losing out on more money.
8. Assuming You Must Hire an Agent
Selling your house isn’t impossible without an agent and can be attainable if your home is desirable enough and is in good condition. If it’s not your first time selling a home, you can consider doing the process yourself even though it can be stressful and time-consuming. Expect to negotiate the selling price on your own and create an eye-catching ad without the help of a professional.