Selling a home can be challenging, so before trying to navigate the real estate market on your own, do your research. This will help minimize the number of mistakes you make and maximize your profit potential. Many sellers don’t realize until it’s too late that the steps they take will impact their chances of getting top dollar and moving their listing quickly. To prevent finding yourself in this situation, do your best to avoid making the following errors.

5 Common Mistakes Homeowners Make With Their Real Estate Listing

1. Neglecting to Prepare

Once you’ve decided to sell your home, you should start properly preparing for the listing. This is an essential part of the selling process, as it will have a major impact on the value of your property, as well as the first impression potential buyers receive. Preparations should include cleaning and decluttering, updating curb appeal, and making necessary repairs and upgrades.

2. Being Unavailable for Showings

Although you may be called at an inopportune time to schedule an open house or open your door for a viewing, you don’t want to miss out on the possibility of showing your home to an interested buyer. People frequently make the mistake of turning away these opportunities, or they don’t keep their property in show-worthy condition at all times.

3. Pricing the Property Incorrectly

Overpricing or underpricing your home is one of the biggest errors you can make. Either scenario will negatively affect the outcome of your sale. Pricing too high is likely to leave your listing on the real estate market for months longer than you desire, and pricing too low will prevent you from making the most lucrative sale possible.

4. Attempting to Sell Without a Real Estate Agent

A real estate agent will make all the difference in your home selling experience. They will take a great deal of burden off your shoulders by helping with the pricing, photos, marketing, paperwork, negotiations, and closings. Without a professional, it will be more difficult to sell for higher profit.

5. Failing to Disclose Imperfections

Sellers are required to disclose any material defects and imperfections they are aware of to potential buyers. It’s best not to try and hide anything since buyers will probably uncover these problems themselves during an inspection, or when the neighbors come over to welcome them to the neighborhood. Not being upfront and honest from the beginning may create unnecessary delays, cost you a sale or create a legal action after the sale.  

By steering clear of these costly mistakes, you will significantly improve your odds of experiencing a stress-free and successful home selling process. When it comes to listing a property in the Denver metro area, it pays to turn to Cheri Long, owner of Priority Properties, Inc., for assistance. She has helped numerous clients achieve their real estate goals and get the most out of their investment. Contact this Colorado agent at (303) 263-2072, or visit her website for additional information.