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5 Mistakes to Avoid When Preparing Your Home to Sell
Selling a home is a considerable undertaking and one of the bigger life-decisions that many people will ever make. It is no wonder that many times Sellers end up overlooking one or more critical things that end up cost them time or money… And in some cases both!
If you have a move in your near future, here are the five biggest mistakes to avoid when preparing your home to sell:
Assuming that an online value analysis for your home is 100% correct.
There are many pieces to the puzzle of establishing a home’s value. While an online site might be able to “get you in the ballpark” there are just too many other factors that go in to ensuring you choose the right sales price for your home. If you want more information on this, you can see our recent report The 5 Best Ways to Accurately Determine Your Home’s Value »
1.
Requiring that your buyer purchases the home in “AS-IS” condition.
Nobody looks forward to the work involved in preparing a home for sale, but failing to ensure that home is showing its best when it goes up for sale is a sure-fire way to turn away prospective qualified Buyers or encourage “low ball” offers.
2.
Being unwilling to adjust to the market.
The market is ever changing and contrary to the belief of some, it is not always going up! Make sure that you not only set realistic expectations, but that you are also willing to adjusting those expectations if the market dictates that you should. There is no worse feeling than what is called “chasing the market down.”
3.
Waiting too long or waiting until you are desperate.
The best time to enter into any kind of negotiation is when you are in a position of leverage. Once your leverage is lost, so too is your ability to negotiate. Whether your finances are healthy or are in a difficult spot, the reality is the same. In most cases, the sooner you act, the stronger your position will be.
4.
Believing something that seems too good to be true.
Many people have had their perception of reality distorted by the abundance of home improvement and “fix n flip” shows on cable TV and the internet. They typically have one thing very much in common… They make it all look so easy and like they are making a killing on every deal. The reality is that there are many nuances and behind the scenes elements to every real estate transaction. It may sound obvious, but sellers do not always get full price and Buyers do not always get a “screamin’ deal.” To set yourself up for success, first be realistic about your needs and wants. Second, be cautious of promises that seem too good to be true.
5.
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