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Selling your house within a reasonable timeframe takes research, commitment, and knowing what to expect. Here, review mistakes homeowners make too often right before or immediately after staking “For Sale” signs. They help sidestep hassles resulting in issues, such as withdrawn offers and closing delays.

What Are Some Mistakes to Avoid When Selling Your House?

1. Underestimating Selling Costs

Have a firm idea of what selling costs entail to help you budget, including home inspection, staging, and closing costs, maintenance and repairs, agent commissions, and moving expenses. Concessions can also be part of selling costs, such as lowering the price in light of the market or desired buyer repairs.

2. Selling When What You Owe Exceeds Property Worth

selling your houseMake a time-sensitive decision about selling your house, such as when it doesn’t have negative equity. If you owe more on your mortgage than the house’s current market value, you won’t make enough to cover the rest of the debt or have money left over from the sale. Be patient and consider renting your home to improve your financial position before selling.

3. Neglecting Curb Appeal

Encourage buyers to learn more about your residence by improving its curb appeal. Exterior projects can include keeping the lawn mowed and edged, trimming the trees, and maintaining the flower beds. Interior projects can involve painting various rooms, ensuring everything looks neat and organized, and replacing small features, such as light and faucet fixtures.

4. Not Using a Real Estate Agent

Streamline selling your house by working with a real estate agent with experience in your community. The right agent will devise a marketing plan for your home that puts it in front of your target market and assists you with closing procedures. Agents also help their clients sell their homes for higher prices according to a 2017 study

 

Trust the agents at Lawrence Realty Inc to make selling your house in Red Wing, MN, or the surrounding areas easy. The locally owned, third-generation family business has served the community since 1948 and offers a team of 12 agents specializing in different areas of real estate. Call (651) 388-4745 today to make an appointment or visit the website for more information. Like the Facebook page for house buying and selling tips.

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