When you sell your home for the first time, it can be both exciting and stressful. No matter the reason you chose to sell your house,
there are a few mistakes you may do, that will make the process less than ideal. Fortunately, we've compiled a list of the most frequent mistakes individuals make when selling a home, so you can sell your house with confidence.
- Underestimating Home-Selling Costs
Even though you are selling the property and someone else is purchasing it, there are still a number of expenses in addition to the cost of your new home. Assuming you have some equity in your property, the proceeds from the sale will now pay the majority of those expenses. However, you must be informed of the most typical home-selling expenses so that nothing takes you off guard. These inculde, Agent Commission, Closing Costs, Staging Costs, Home Inspection, Seller Concessions, and Moving Expenses.
- Selling Without An Agent
This is a significant issue. Going the For Sale by Owner (FSBO) route without hiring a real estate agent is a major house selling
mistake. It's a huge hassle to try to sell a house on your own since you risk skipping crucial processes, having trouble with tedious paperwork, and losing out on the possibility to earn much more money. Therefore, engage an agent to avoid the headache of doing
everything yourself. But you want to work with a truly good agency, not just any agent. That brings us to our next mistake.
- Wrong Pricing
Pricing a house can be challenging! You risk losing out on thousands of dollars in earnings if you price it too low. If you price it too
high, you run the danger of turning away serious purchasers or spending weeks or months before you can accept an offer.
Neither your emotions nor the internet are reliable. Request a comparative market report from your agent so you can determine how much similar houses in your neighbourhood are selling for. The amount of money you receive at the closing table and how quickly your house sells can both be greatly affected by the price you set up front.
- Hiding Major Repairs
Friends! there is no justification for concealing items when you list your home. In addition to being a low-character, zero-integrity move,
consumers will also find out. Think again if you believe they won't catch that roof leak or pest issue. After you accept their offer, your buyer will probably order a home inspection, during which any issues you concealed from them will probably become apparent.
Just be honest up front to save time and hassle for everyone—including yourself.
- Using Bad Listing Photos
Buyers nowadays inspect homes from the comfort of their couches. In fact, 95% of all buyers look for properties online. Therefore,
you will lose potential customers' attention before they even arrive at the curb if your web pictures appear to have been taken with grandma's flip phone. Working with a skilled professional who understands how to make your property look beautiful on video is essential for this reason. You'd be surprised at the difference that good lighting and a wide-angle lens can make!
If you are looking to buy a home in Narre Warren, Berwick, Cranbourne or the surrounding areas, Only Estate Agents are here to help. We are Narre Warren's trusted real estate agents with many years of experience.
We can help you find the right property at a price that fit your budget. Why not, give a call to discuss your requirements? Call 8786 8889 now for an appointment.