a property owner, you want to ensure that you get the highest possible price for the place that you used to call home. To make the entire home selling process run as smoothly as possible, here are four common pitfalls you should avoid when selling your house.
1. Getting too emotional
It is natural to get sentimental when selling your home, especially if it’s your first property. You have created numerous memories within its four walls and spent a considerable amount of money to make it homey and livable, that the prospect of handing it over to a stranger might be emotionally difficult to accept.
However, letting your emotions take charge during the home selling process, is one of the biggest mistakes you can commit. Once you decide to sell your house, focus your energy on the business aspects of the transaction instead of dwelling on your feelings.
2. Setting an unreasonable price
While it is understandable that you want to get top dollar for your house, setting the price too high can cause your house to sit on the market longer than it should have. Overpriced houses generally do not spark interest with motivated home buyers. If you want your property to sell, you need to set a fair price that can generate well with every type of buyer.
Take the time to do comparative research on the properties in your neighborhood with similar features. In addition, you should learn about the average cost of selling a house, the associated fees that come with the sale, and other financial aspects of house selling, so you can be in a better position during negotiations.
3. Not preparing your house for sale
Another common mistake that home sellers make is not preparing their houses for sale. You don’t necessarily need to hire professionals to clean and stage your home, not unless you absolutely want to. Remember that home buyers will be more interested in your home if it’s clean, without clutter, and well-decorated. Be sure to remove any personal items and memorabilia, tone down the decorations, and get rid of house furnishings that can distract your potential buyers.
Your goal is to turn your house into a neutral canvas so that motivated buyers can imagine themselves living in your space. Not properly preparing your house for sale can significantly influence its selling price and cause it to stay in the market for a long time.
4. Ignoring major house issues
Before putting your house up for sale, it is critical that you address maintenance issues regardless of how minor they are. To prevent yourself from getting overwhelmed, consider creating a checklist of the repairs that need to be done. Focus on the big problems first, especially those that may turn up during a home assessment, then work your way down to the last maintenance issue.
There is no formula when it comes to selling a house, but by knowing these common house selling mistakes, you have a better chance of securing a lucrative deal that your home rightfully deserves.