Common Mistakes to Avoid when Selling Your Home
May 31, 2013 12:00 pm
Mistake #1 – Getting Emotional
Selling your home can be a time-consuming and emotionally challenging experience, especially if you’ve never done it before. To save your sanity, it’s wise to start thinking of yourself as a business person and home seller, instead of a homeowner. Concentrate on the financial aspects of the transaction, so you can distance yourself from the emotional feelings tied up in your home.
Home buyers will be emotional, so keep that in mind when preparing your home for sale. You want to create an image and lifestyle to attract prospective buyers. That may require spending a little bit on staging or minor remodeling to get a good price for your home. This activity can also help create emotional distance for you, since your home will look less familiar.
Mistake #2 – Failing to Hire an Agent
Even though real estate agents receive a hefty commission, their experience can be invaluable in helping you set a fair price for your home that will increase the odds of a quick sale. Plus, an agent can take the emotion out of a deal since they can talk directly with potential buyers, so you don’t have to, and eliminate the “lookers” who have no intention of buying.
Mistake #3 – Assuming You Must Hire an Agent
Then again, it is possible to sell your home yourself. People do it every day. But it does take a lot of work to manage a home for sale in McKinney TX. You have to do your own market research to determine the sales price. You have to do your own marketing and make sure your home gets into the Multiple Listing Service (MLS) to reach the widest number of buyers in your area. Of course, you’ll be the one showing the house to prospective buyers, which can be time-consuming, stressful and emotional for many people.
Mistake #4 – Setting an Unrealistic Price and Expecting to Get it
It doesn’t matter whether your hire an agent or do the selling yourself, it’s crucial to set the right price for your home. Too high may limit the number of prospects you attract. Under pricing a bit can generate extra interest. Just realize that you’re going to have to negotiate to complete the sale. If you can give yourself some breathing room with the asking price on your home for sale in McKinney TX, you and the buyer can come out feeling like winners.
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