About to sell your home? Wondering if you’re going about it the right way? Well, here are some of the top home selling mistakes that you should avoid to ensure a successful and quick sale.
Common Mistakes Made by Home Sellers
If you’re new to the real estate world, selling a property for what it’s worth can often appear to be challenging. Here are some of the basic home selling mistakes that you should avoid in order to benefit from a profitable and quick sale of your house:
- Choosing the Wrong Agent
- Pricing the Property Incorrectly
- Neglecting Essential Repairs
- Selling at the Wrong Time of the Year
- Trying to Sell a Messy House
- Not Staging Your Home for the Sale
- Using Low-Quality Images of the Property
- Failing to Negotiate the Price
Let’s discuss these mistakes associated with selling a property in detail below.
Choosing the Wrong Agent
Let’s get one thing straight here. Going at it alone is not an option. You will need to hire a professional real estate agent to help you sell the house, and you need to hire the right one. Professional expertise aside, you need to work with a realtor who is pleasant to communicate with, good at negotiations, and can help you close a good deal, keeping your interests in mind.
The best way to find the right agent is to look for someone who is a good communicator and has experience in home buying and selling. Ideally, get referrals for an agent from your family and friends and interview potential candidates before you hire one to help you sell your home.
Pricing the Property Incorrectly
As a homeowner, you want to get the best profit from your sale. However, one of the most common mistakes made by home sellers is that they price the property too high in comparison to the market rates and end up entertaining fewer sales offers. Evaluate your home based on its key features and price it right in order to secure the best deal.
Neglecting Essential Repairs
Most home buyers want to move into a ready property. This means that they’re looking for a home that is not a renovation project in disguise. As such, painting the walls, changing fused bulbs, and fixing broken windows and door locks is just a means to a greater end. These small repairs will cost you very little but will raise the worth of your house in the eyes of potential buyers.
Selling at the Wrong Time of the Year
The real estate market witnesses buying and selling seasons, and if you’re listing your home for sale during an off-peak season, you’ll be making a common home selling mistake that will result in fewer buyers who are interested in your property. In comparison, a quick research of the area can show you just when home buying is at its peak in your locality, and you can then list your house on the market accordingly to gain maximum advantage.
Trying to Sell a Messy House
Every buyer looks for a clean and organised home where personalisation is minimal, and clutter is hidden so that they can envision themselves living in the available space without all the mess clouding their decision. Thus, a significant home selling mistake is to forget or neglect cleaning, decluttering, and depersonalising the home. You can easily declutter your home over a weekend if you know how.
Not Staging Your Home for the Sale
Empty rooms might look spacious to you, but to a potential buyer, they just look empty. A buyer has no way of knowing how much space is available and whether they’ll be able to fit their belongings into the space in front of them if you’re selling an empty house.
This is why home staging is so important. A few easy tips for staging your home for a sale are all you need to impress your buyers. Showcase and highlight the best features of your house while you’re staging it.
Using Low-Quality Images of the Property
Poor quality photographs will rarely attract the right kind of buyers. If you want to make your listing eye-catching, use colourful, bright, and attractive images that will tempt the buyer to schedule a visit to the house and see it for themselves.
Keep the photos real and believable, though. Don’t edit the images too much or use a range of filters that completely change the colour scheme of your interior.
Failing to Negotiate the Price
You’re looking for the best offer, but that may not come right away. Be open to negotiations and try to create a win-win scenario on both ends. Most homebuyers generally quote the lowest price possible in order to secure a good deal, but that doesn’t mean that you have to accept it. Bargaining is the name of the game here.
These are some of the most common home selling mistakes that you should avoid in order to close a profitable sale. Stay tuned to Zameen Blog for more home buying and selling tips and tricks. You can also email us your queries at blog@zameen.com.
