The 5 Most Common Mistakes in Selling Real Estate.
When it comes to selling a home, many people believe that it’s a fairly simple process. However, the reality is that there are many mistakes that can end up costing home sellers a lot of time, money and stress. Being aware of some of the most common mistakes can help home sellers to better prepare and avoid any pitfalls.
The first mistake home sellers make is setting the price too high. It’s easy to get excited about the potential profit while overlooking the current market conditions. It’s important to do your research, so you can come up with a price that accurately reflects the true worth of the home while also being realistic.
Second, failing to properly prepare the house for sale is another costly mistake. Pay close attention to the details and work to improve the home’s overall condition to attract potential buyers. Declaration of any defects or potential issues can also increase the home’s value.
Third, not taking good photos is also an issue for home sellers. Many buyers will browse listings online and make a decision based on the images they see. Invest in high-quality images or hire a professional to take photos from the best angles.
Fourth, ignoring the importance of curb appeal is a mistake. Improve the landscaping and declutter outside of the home to create the best first impression. A neglected exterior can turn off potential buyers from even looking at the interior.
Last but not least, failing to use a realtor® is another mistake home sellers often make. Realtors® have the expertise and knowledge to help you price, market, and negotiate the selling price of your home. And they also can give potential buyers insight into the community which could make a big difference in getting the sale. For example, a typical FSBO (For Sale by Owner) sale price in 2022 was $225,000 when compared to $330,000 for agent-assisted home sales.
By understanding and avoiding these common home selling mistakes, you can better protect yourself and increase your chances of making a successful sale. Do the necessary research to set a reasonable price, take good photos, and fix any potential issues. And make sure to hire an experienced and knowledgeable realtor® to guide you through the process. Following these tips can help you make a smooth, profitable transaction.
To see how Team Sobiko’s Realtors® may assist you, please visit our underwriting, commercial or residential service pages.
This publication was created with the help of artificial intelligence software, which was then reviewed and edited for accuracy by a Team Sobiko staff member.
