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Archive August 2017

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Common Mistakes When Selling a House

Selling your home can be time-consuming, exhausting, and stress-inducing. This is especially true if you haven’t done this before. Strangers would drop by your house, check every nook and cranny, and then give criticisms about the house you’ve loved for decades.

All sellers have the ultimate goal of selling their property within a reasonable time frame and at a high profit. Considering how complicated the real estate market is, a lot of people commit mistakes.

Here are 3 major mistakes to avoid when selling a house. Follow these tips for a faster, smoother, and more gainful transaction.

Neglecting necessary repairs

Potential buyers are looking for properties that are in pristine and move-in ready condition. Given that these buyers have spent a small fortune for their new home, they aren’t willing to shell out thousands and thousands of dollars on repair. If you want to sell your home fast and for the highest price possible, we highly recommend that you tackle repairs. You want to make sure that your home is in mint condition before putting it on the market.

Overpricing

Most homeowners want to sell their house for top dollar. After all, it is your biggest asset. But when pricing your home for sale, please resist the urge to set a price that is higher than the market value.

Potential buyers do their research before committing to a property. They would search online, attend open houses and compare similar properties in order to find the best deal. It might be tempting to jack up the price by a few thousand dollars in the hopes of earning a higher profit, but overpricing will actually hurt your chances of selling. If your house lingers on the market for an extended period of time, people are likely to think that there is something wrong with the property. Eventually, you’ll be forced to lower the price.

Using lousy photos

Majority of home buyers start their search online. Since they haven’t seen your house in person, the only way for them to decide whether or not they like your house is through the photos that come with your listing.

While a smart phone takes decent photos, we highly recommend that you use digital camera or a DSLR to ensure that you come up with good quality photos. If you don’t have the skills to capture great photos, consider hiring a professional instead. Sure, it may cost you a few hundred dollars, but it will be worth the investment.