Selling your home can be pretty stressful in itself, so you want to do everything you can to prepare for a successful sale. Avoiding these mistakes will save you a lot of time, stress, and more importantly, money. To begin with, choosing the wrong agent can be the largest mistake you can make.
A bad agent will kill your selling price, leaving less money in your pocket when its all said and done. It’s easy to just call up the agent that helped you buy your home years ago, but you must recognize that selling is way different than buying. See: Priced to Sell: A Game Plan for Setting Your Listing Price. The realtor may be a great buying agent but have a poor selling record. It’s easy to just work with your friend or family member that is an agent, but that’s a great way to ruin a relationship.
You might think that working with an agent personally close to you will be fun, but it’s actually never a good idea. One main reason is that your friend or family member may be lazier with you. When an agent is working with a typical client, there’s more pressure to impress. If the agent doesn’t impress their client, their reputation could be damaged. What are the 25 Biggest Real Estate Mistakes?
Even the most educated agents can make mistakes, and you should be able to express your frustrations and concerns with your agent. There’s a big difference between a hired professional telling you something you don’t want to hear over a close friend telling you something you don’t want to hear. If you think your home is worth more money than your agent, you won’t really take it personally if it comes from a hired professional.
With the tools we have today, most people put in a decent amount of effort and research before purchasing simple products. Yet, most people just work with the first agent they speak to, which is surprising considering that selling your home is one of the largest financial transactions you’ll ever make.
You’re not in the wrong for wanting to make a lot of money off of your home, but you might be wrong about how much you think it should sell for. It can be hard to face, but setting the price too high can cause your home to sit on the market for a long time, making it unattractive to buyers.
If it’s your first time selling, you might be turned off by all of the closing costs coming your way, and soon you may find yourself thinking you could sell it yourself.
This usually is not a great idea. Should you choose to embark on it and get too overwhelmed, you can always bring in an agent. Read on for: Top 10 Mistakes When Selling Your Home.