Selling Your House? Avoid These Mistakes

Mistakes You Should Avoid When Selling a House

Alister Toma

Let’s explore what mistakes you should avoid while selling a home with real estate developer – Alister Toma

5 Mistake you should Avoid Getting Emotionally Involved Not Hiring an Agent Assuming You Must Hire an Agent Setting an Unrealistic Price Expecting to Get Your Asking Price

Getting Emotionally Involved

Once you have decided to sell a home, you need to start thinking with a business perspective instead of getting emotional. No doubt you must have created many memories in this house, but in the end, your financial perspective can get you the best deal. Also, you must do a minor renovation of your home, as little change in the appearance of your home will increase its sale price.

Not Hiring an Agent

Most people do not believe in hiring an agent to sell a home, as they have to pay around 5 to 6% of the sale price to him. According to experts, choosing DIY approach while selling a home is not a good idea, especially, if you haven’t done it before. Hiring a good agent will help you set a competitive price for your home. From all the paperwork to the final transaction, an experienced professional makes the process easy and quick.

Assuming You Must Hire an Agent

If you are one of those who does not want to hire an agent and want to sell a home on your own, you need to do a lot of research. From recently sold properties in your area to property rate currently running in a market, you must know every detail. It will help you to evaluate the best selling price for your home. Now if you are selling your home on your own, then marketing is also your responsibility. Find out different ways to reach your potential buyers and be prepare for the negotiation with the buyer’s agent.

Setting an Unrealistic Price

Negotiation is key! Whether you are hiring an agent or selling on your own, asking for the right price is necessary. A good negotiation works when you have studied market analysis and know what price is actually running in the market. Needless to say, buyers will do the same before buying your home. So, it is better if you stay one step ahead of them and negotiate accordingly.

Expecting to Get Your Asking Price

A good buyer will always negotiate before making a final deal, and if you want to best deal for your home, make your negotiating game stronger. Most people list the selling price of their home while keeping some margin for negotiation. In the end, whether you get a good or not so good price for your home totally depends on your pricing strategy and negotiating skills.

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