Most home sellers want to sell their properties for the ideal price in the quickest time. To achieve this, they must avoid some critical errors that can cost them time and money.
Not Partnering with A Realtor
Some home sellers avoid partnering with real estate agents to avoid paying commissions. However, this can be a mistake. Investing in a good real estate agent will save you time and money in the long run. A top realtor will find you a good buyer and help you avoid delays by assisting with paperwork and navigating you through complex procedures.
Partnering with The Wrong Agency
You must select the right agency for your home-selling needs. The right agent should be qualified, knowledgeable, and experienced in your market. For instance, you must find the best Pickering real estate agent when selling property in that particular market. An agent with local insights will help you set the right price and can also identify the ideal potential buyers for you.
Overpricing Your Property
Some home sellers overprice their property because they aren’t keeping up with current market conditions or because they have sentimental value attached to their home. Overpricing your home means that it will spend more time on the market.
Consult with your agent to set the best price for your home. You can also check the selling prices of similar homes in the area to get a realistic idea of your home’s current value.
Not Repairing
Not repairing your home may give potential buyers a stronger bargaining position. They may overestimate repairs to drive down the value of your home. Work with a reliable contractor to address maintenance concerns such as cracks, loose fixtures, leaky faucets, and broken light switches. Please also address any safety hazards — such as a driveway with potholes, a leaking furnace, or mould in the attic.
Safety hazards can be interpreted as red flags by buyers, resulting in fewer bids.
Excessive Renovation
While addressing maintenance concerns is a good idea, you may need to avoid heavy renovations such as remodeling the kitchen or adding a swimming pool. Over-the-top renovations don’t always add enough value to your home. It’s best to consult with a real estate professional before investing in expensive upgrades.
Not Depersonalizing
You should declutter, depersonalize, and clean your home before listing it. Remove excess furniture, clutter, clothing, and other personal items such as picture frames and your collection of Elvis statues.
Decluttering and depersonalizing your home will help with the staging process. Potential buyers see themselves living in a home more easily when it has a more neutral look.
Taking Amateur Photographs
Taking professional photographs is essential to improving your market reach. Poor photography can give buyers the wrong impression. Remember to complete the home staging process before inviting the photographer, though.
Using Outdated Marketing Channels
In the modern era, home buyers don’t use outdated marketing channels such as newspaper ads. List your property with high-quality photographs and videos on online marketing platforms like social media pages and real estate websites to generate the most buzz for your listing. You should also use the appropriate keywords to gain traction for your listing.
Home selling can be a challenging process in a competitive market. Be proactive and work with the most reputable professionals for the best results.
