You’ve decided to sell your home and naturally you want to sell it quickly, profitably and smoothly. To maximize your success, here are five common and costly mistakes to avoid when selling your home.
MISTAKE #1: Overlooking repairs
Making repairs before selling is a must. These include electrical issues, water damage, rotten or chipped flooring, or a leaky roof. Consider getting a pre-inspection to uncover necessary repairs that might spook buyers and cause them to lower their offer or back out of the deal.
MISTAKE #2: Overpricing your home
Buyers are going to compare a sale price to other homes in the area, so your home should be priced competitively. Make sure your REALTOR® provides a comparative market analysis to help establish a competitive price and has their own system for helping you price your home.
MISTAKE #3: Over-sharing with buyers
Another costly mistake is having too much communication with potential buyers. You don’t want to give away too much information to potential buyers, which could be used later during a sale negotiation. Either make yourself scarce during showings or think carefully about what you dis- close to buyers.
MISTAKE #4: Poor staging
Both a cluttered home and an empty home will be unappealing to buyers, so proper staging and curb appeal are important. Today’s buyers are beginning their home searches online and if you don’t wow them with your listing photos, it will be difficult to ever get them to the front door. One way to make your listing photos stand out (and continue the suspense when buyers arrive) is to boost your home’s curb appeal. Focus on landscaping, cleaning up any overgrown flowers, bushes, or grass and keep the entry clean with a simple wreath or planters on either side of the door. The home should also be well-lit at night, with house numbers visible!
MISTAKE #5: The wrong attitude
Тhis includes both patience and setting expectations too high. Not every prospective buyer will submit a bid—some are just window-shopping or are interested in a nearby home. Remembering that browsers are part of the home-selling process will help keep disappointment at bay.
How can both buyers and sellers have an advantage in the Dallas Texas real estate market? Employ the services of a local Dallas real estate agent who has vast knowledge and experience of the market.
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The above information regarding the “5 Mistakes To Avoid When Selling Your Home” was provided by Nitin Gupta, CRS, GRI. Nitin has experience helping families buy and sell homes in the Dallas/Fort Worth area. If you’re thinking of selling or buying, he’d love to share his knowledge and expertise.
The communities he proudly serves include Coppell, Irving, Flower Mound, Southlake, Grapevine, Trophy Club, Colleyville.