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Posted on November 10, 2017 - 05:08 PM
by Sonia Nelson
Plenty of home sellers consider their places to be coveted properties that others would be lucky to own. But, that hubris can often lead to trouble when it comes to actually landing an offer and closing a sale.
First-time sellers in particular exhibit some self-sabotaging behaviors that can trip them up on the way getting the deal done. The following are the most common mistakes they make and how to avoid them.
Selling a home is not for the faint of heart, nor is it an easy DIY project. First-time home sellers quickly realize marketing and showing their property is a full-time job. Unless they're experts in real estate contracts, appraisals, inspections, and other documentation, they can end up make costly errors. Fortunately, this is an easy one to fix: Hire a licensed agent.
Homeowners may think they're living in the perfect home, but pricing it too high will render it a white elephant. It's great to be optimistic that you'll make a nice profit, but it's important to be realistic and price a home accurately. Remember, time is money. Seeking top dollar can cost you if your home remains on the market far longer than you'd planned.
Just because an offer comes in lower than a seller might have hoped, that's no reason to take it personally and refuse to negotiate. Think of an offer as a starting point that leads to a compromise that works for both parties.
From the moment sellers decide to put their places on the market, they should begin cleaning and decluttering to make the home look as attractive and well-kept as possible. Staging is important, but experts agree, nothing makes a home shine quite like a thorough cleaning.
Sure, last-minute showings can be inconvenient, but if sellers really want to make a deal, they have to be willing to let an agent and prospective buyers inside. Thinking a two-hour open house once a week is going to be enough is some serious wishful thinking.
Homeowners often think they know their properties better than anyone, so why should they take any advice — even from a professional? Because you'll benefit from the wisdom and experience of a professional. If your agent suggests that you stash your garden gnome collection in the shed or fix that rickety staircase, just do it.
Things like kitchen and bathroom updates can make a home look more attractive and move more quickly as it means less work a buyer will need to tackle after moving in. Still, some sellers dig in their heels and decide to adopt a "take it or leave it" attitude. Sadly, many buyers will choose to leave it.
Based on information from California Regional Multiple Listing Service, Inc. as of 2018-03-18. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.