Believe it or not, selling your home can be a very long and time-consuming process, even if you feel you’re making an irresistible deal available. You will have to deal with people coming in and out, inspecting, criticizing, bargaining, and poking around only to leave without committing, not forgetting the process of preparing your home, listing it, making the needed repairs, and trying to close deals. But no matter how long or emotionally draining the process can be, home selling is always a significant milestone. And making certain mistakes can cost you a lot financially, not to mention your peace of mind even long after the deal.
So, are you thinking about putting your home on the market? Do you want to strike the perfect deal and leave happy? Then you need to avoid making these home selling mistakes.
Not knowing the actual value of your home
Two things can happen if you don’t know how much your home is worth. One, you may price it way beyond its value or, two, you may over-price it. The former will leave you short-changed, while the latter will make it challenging to find a buyer. Take the time to figure out the true value of your home, taking into consideration repair works and every other factor that affects value.
Picking the wrong buyers
It is safer to expect your potential buyer to come with a pre-approval letter from a financial lender. It is also pretty reasonable to expect proof of funds for cash purchases, as this indicates the buyer has the money to purchase. However, if you choose to deal with a buyer whose ability depends on selling off their own property, you may be committing yourself to a frustrating deal. That is especially true if you’re working towards a target closing date. One of the best options is to sell to a trusted house buying company. Reputable companies such as FasterHouse, for example, will buy a house in any condition and close on your timeline.
Hiding major flaws or repair issues
The last thing you want to do is sweep repair issues under the rug. You might do your best to cover those cracks and molds with fresh paint, but serious buyers will always find those tell-tale signs when inspecting your property. And this could easily cost you your sale.
To be on the safer side, take the time to handle all necessary repair works before putting your house on the market. Plus, that also increases your property’s value. Otherwise, be honest with your potential buyer about the needed repair work.
Not preparing your house for sale
If potential buyers find your home to be cluttered, disorganized, and messy, the chances are that they’ll walk away after inspecting your home. That means the cleaner or more decorated your home is, the better chances you will have at attracting potential buyers.
According to some experts, a ready home can sell over 80% faster and with 20% more value than an unprepared home. That’s because clutter can make your home look smaller than it is, and this can turn loads of people away.