Whether you need more space or are ready to downsize, selling a home is more complicated than many homeowners imagine. Not only do you need to prepare your home for sale, but you also need to catch and keep the attention of buyers. Unfortunately, the process leaves plenty of room for mistakes, but educating yourself on the process can help you avoid making them. If you're preparing to sell a home, avoid these three common mistakes.
3 Common Mistakes Homeowners Make When Selling a Home
1. Skipping Updates
One of the biggest mistakes you can make when selling a home is skipping updates. In today's market, most buyers are initially attracted to a property because of its aesthetic appeal. If the home doesn't look fresh and ready to sell, they might overlook an otherwise great dwelling. Give your home a quick facelift by updating paint with a neutral color scheme, making minor repairs, and having the floors professionally cleaned.
2. Avoiding Open Houses
Many sellers don't want to host an open house if they're still living in the structure because it can feel inconvenient. However, potential buyers like them because they can view the home without any pressure. It's also an opportunity to attract buyers that may have not initially been interested, as their curiosity will likely get the best of them.
3. Unrealistic Listing Price
Another common mistake is setting an unrealistic listing price. If you ask too much for your home, many buyers will avoid it. While you don't want to list too high, it's also important that you don't choose a price too low or you risk losing a return on investment. Your real estate agent will have a thorough understanding of the local market, so utilize their expertise to set the right price.
If you’re selling a home soon, turn to Lauri Bauman - Big Journey Home at Keller Williams Realty for expert advice. For nearly 20 years, Big Journey Homes – Lauri Bauman has provided top-quality, friendly, and helpful service to buyers and sellers throughout the Greater Denton, TX, area including Lake Dallas, Frisco, Flower Mound, Argyle, McKinney, and Corinth, TX. Contact the Realtor today for a consultation by calling (940) 321-5111 or through her online contact form.