Anyone who has sold a home has lost opportunities because of mistakes that were made. We won’t cover all the various mistakes, but just be aware that some have stronger ramifications than others. Fortunately, throughout the years, the information about these mistakes has been gathered and is available. All the different types of mistakes you want to avoid are available for study. And don’t harbor the false belief that real estate agents don’t make mistakes because they can and do. That’s why a lot of them carry Errors and Omissions insurance.
One common mistake that you need to avoid is to have an understanding of how homes are priced. A common mistake is listing your home at an unreasonable price in your area. The thing to remember about arriving at a selling price is that it is at best a reasonable guess. The estimate that you make for your home needs to incorporate a couple factors including what the average selling price would be. Basically, your real estate agent needs to do the best job possible, which means they need to be aware of all of the factors involved. Getting to appraisals may be beneficial, especially if there is a large difference in what each professional comes up with. Each informed person who gives you a number for the selling price will have their own subjective opinions in it.
When you are selling your home, you should know that your first offer will more than likely be the one that is the highest. You might want to ask yourself why a higher price would come later, especially if you think what we are saying is incorrect. Of course, there may be exceptions to the rule in regard to statistics like this. But at least you know what the data shows over time. Every bidder on a new house is thinking the same thing – if I bid higher, I have a better chance of getting this house! Typically, the seller will turn down the initial bid, even if it is a good one, thinking higher bids will still come in. In most cases, the seller makes a mistake as higher bids will simply not come in.
When it comes to selling your house, you need to be very serious – if you are not, this can go very badly for you. What happens with these sellers is they will not do much of anything for a home showing. That means the house will not be cleaned and it looks like it does on any given day. People that show up want to see a clean house. If you are not vacuuming your rugs or carpets, you could turn them off. Sometimes a house can get messy, and the prospective buyers might understand this, but usually not when it comes to looking at a home that they are thinking of buying. The potential buyers will probably not come back, which will make your real estate agent not happy at all.
Your home is your investment and you want to do all you can to prevent very costly home selling mistakes to happen. Fortunately, that is not as difficult as it may sound to you. As long as you have the information available, you can control what is happening and get things done the right way.