Thinking about selling your home?
At some point or another, nearly all homeowners consider selling their property. If this thought has been on your mind, there are a few things you should know about the home selling process before you put your home on the market.
Selling your home isn’t always easy. But, it can be streamlined by avoiding these 4 common mistakes.
Not Hiring a Real Estate Professional
The first and biggest mistake that sellers make when they’re trying to sell their home is not hiring a real estate professional.
Some people who go at it alone are indeed successful in selling their home – but the vast majority aren’t. Selling without an agent on your team is entering into the market alone, without being equipped with the tools, knowledge, and resources you need to cultivate a profitable sale.
Whether you’re going to work with a real estate agent, broker, or realtor; you need to have an expert on your side throughout the process. Otherwise, you could be setting yourself up for disaster.
Trying to Cover Up Property Flaws
Never try to hide property issues when you’re selling the house. The truth will come out eventually, and if you’ve tried to cover up something you knew was wrong during the sale, you’ll pay the price.
Sellers are responsible for communicating any and all property flaws to prospective sellers before the deal has been sealed. This happens in the transaction’s official property disclose package – so make sure you’re extra careful when filling this out.
Incomplete, incorrect, or fraudulent disclosure forms will likely end up in a lawsuit being filed against the seller. Save yourself the money, legal issues, and stress by being honest the first time around.
Creating an Unclear Listing
Make sure your property’s listing is on its A-game.
Since most buyers begin their home shopping process online, your e-listing will likely serve as an introduction to your home. You’ll need to make a good impression, so don’t create an unclear listing. Use HD photographs, videography, and include all the necessary details.
Don’t leave any important information out and be as clear and concise as possible. This will help you attract serious buyers who are interested in moving forward with a deal.
Not Screening Your Buyers
Failing to screen your buyers is a huge selling mistake.
Selling your home to a weak buyer can cause all sorts of transaction problems. Whether it’s a financial issue, timeline incongruity, or some other complication; unqualified buyers are bad news.
Strengthen your screening process for interested buyers and look out for red flags when you’re reviewing their applications.
Avoid making these 4 mistakes for a safer, easier, and all-around less stressful selling experience.
Photo by Sarah Kilian on Unsplash