Home Selling Mistakes
Conducting incorrect marketing activities is one of the most common errors made by independent home sellers. Although you can advertise your home through print advertising and open houses, researches prove that it is still better to go through a realtor. They have a wider network of contacts and more marketing techniques are available to them thus making advertisement of a home on sale a cinch. Take note, however, that you have to choose the realtor that you’re comfortable with. Relying on the commissions or agent’s promises (and not checking his credentials) is also a grave home seller mistake.
Basing a home’s selling price on your emotions or its perceived market value is another usual mistake home sellers make. As a seller, you must put your pride and love for your home and allow a professional appraiser provide you with your home’s true market value. If you rely on your emotions, you may price your home too low or too high. Peg the price too low and you don’t get what it’s really worth, peg the price too high and it stays in the market longer (thus lowering its market value). Either way, you lose, so it’s best to leave this task to the experts.
The manner by which you present your home and the renovations you have done prior to putting your home up for sale are also home selling mistakes. Presenting an unkempt or ill-maintained house turns off buyers. Over improving it prior to selling and over pricing it also affects the outcome of your sale.
Another mistake home sellers make is that they don’t take the first offer seriously. Remember that an offer is an offer. Don’t ignore an offer and keep holding out for a better price. Letting realtors (or yourself) do a hard sell on your property is also a big no-no.
Finally, not getting yourself with the legal rights and obligations as a home seller is the biggest mistake you can make. A wrong stipulation or an erroneous document can cost you not just your home, but litigation expenses as well.
Bear these in mind when you are selling your home. If you feel that you’re in over your head, just go to the professionals and let them do all the work.




