| What
are the five biggest mistakes home
sellers make? If
you're like most people, your home
is your largest, and most valuable
investment. When it comes time to
sell, you'll want to profit as
much as possible. And so does the
next guy. That's why it's
important to remember that when
selling your home, you're in
competition with other home
sellers in your area, and just as
in any other competition, mistakes
can be costly. Here are some of
the most common home seller
slip-ups to avoid:
1.Overpricing or under-pricing.
A comparative market analysis is
not only necessary, but a major
aid in helping you set the best
price for your home.
2. Selling
"as is."
In the competitive home sale
marketplace your home should be in
"move-in" condition from the first
day it's listed. It's important to
know your home's key assets and
find ways to highlight them, as
well as identify and correct those
items which need improving.
3.
Over-improving.
While clearing out clutter, deep
cleaning and making repairs are
important ways to get your home
ready for sale, undertaking a
major project could cost more
money than you would recover from
the sale. However, some major
repairs, such as replacing a roof,
should be done if they are needed.
4.Selling
it yourself.
While not necessarily a slip-up,
it is important to note that doing
your own marketing can be a
tempting way to save money,
however, recent surveys show
self-sellers net about 3% less
from the sale of their homes than
sellers who use a real estate
agent.
5. Ignoring
your agent's advice.
As experienced professionals,
Realtors know what works and what
doesn't. If you haven't contacted
an agent about selling your home,
it is highly recommended that you
do so. An agent can work with you,
discussing many recommendations
and working with you to find the
best way to sell your home.
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