Also, try to recall how you felt when you’re searching for that home. If you can remember that you’re selling not only a piece of property but also an image, a fantasy and a lifestyle, you will be more inclined to put in the additional effort of staging and maybe some minor remodeling to get top dollar for your property. These changes in appearance won’t just aid the sales price, but they will also help you make that emotional distance because the house will look less comfortable.
Mistake No.2: Not Selecting an Agent
Although real estate brokers command a hefty commission (usually 5-6% of the selling price of your home), attempting to sell your house on your own, particularly if you have not done it before, is probably ill advised. A good agent can allow you to set a reasonable and competitive selling price for your home that will increase your likelihood of a fast sale. An agent may also help take some of the emotion from the process by interacting directly with prospective buyers, so you don’t need to and removing tire kickers who just need to appear over your property but have no intention of putting in an offer.
An agent will have more experience negotiating house sales than you do, possibly assisting you to get more money than you can by yourself. Further, if any problems crop up throughout the procedure –and they commonly do – a seasoned professional will be there to manage them for you. Finally, agents are familiar with all of the paperwork and pitfalls involved in property transactions and can help ensure that the process goes smoothly. (Read on this topic in Do You Want A Realtor?
Mistake No.3: Assuming You Have to Hire an Agent
You will want to do your own research on recently sold properties in your area and properties currently on the market to ascertain an attractive selling price, keeping in mind that most home costs have a broker’s commission payable in and you might need to discount your price consequently. You’ll cause your own advertising, so you will want to be certain to get your house on the Multiple Listing Service (MLS) in your geographical area to achieve the widest possible number of buyers. Additionally, you will be the one showing the home and negotiating the sale with the buyer’s agent, which is time consuming, stressful and emotional for many people.