The selling process can be one of the most difficult periods of your life. There is a lot of emotional connection with all the things inside, and many memories that hold great value. This can make the process complicated, and it can prolong the selling period.
In addition, there is a preparation period before you get into selling. Understanding the need of agents, and some things that have to be done before you list your house can be essential for a successful sale.
On the contrary, there are many mistakes that people who sell their houses make, especially if it is their first time. For that reason, we have created this article where we will show you a couple of things that you should avoid if you want a quicker sale of your house.
1. Not understanding the costs of the selling process
If you thought that the selling process is cost-free, you are wrong. There are many things that you will need to cover, so make sure you stay on budget. We firstly need to mention the commission for your agent.
You can negotiate their pricing, but they usually take around 6 percent of the total value. However, you can manage to get a deal and pay them a fixed price.
In addition, there are marketing costs that should be covered for a quicker sale. If your house needs to be repaired, you will surely need to cover those expenses to satisfy the needs of the buyers.
2. Putting an unreasonable price
Having an emotional connection with your place can cause trouble while trying to sell your place. The memories are of high importance to you, so you can make the mistake of putting unreasonable pricing. No matter how well you have prepared your place, if it is costlier than the other market choices, people will stay away from it.
For that reason, make sure you keep your emotions out of this situation and research the prices of properties similar to yours. In case you don’t know how much you should list your house for, you can speak with the house representative, and they will give you a recommendation.
You can use websites such as sellmyaustinhousefast.com to get an accurate value depiction of your home.
3. Having an unsuitable agent
Having an agent is important to ease the selling process for yourself. They have been working with this for a long time, and they know how to sell a house properly. In addition, they have their clientele that can introduce your property and increase the chances of being sold quickly.
Many people tend to make a mistake when choosing their agent. They either get one that has a bad reputation or just a person who is not suitable for their situation. In any case, you will need to research the best agents around you and hire them. Although they are slightly costlier, it is surely worth it to let them represent your house.
4. Considering the offers solely on finances
Another mistake people do is considering the offers only by the financial sum. Since deals are done by including services as well as money, you should look at the deal as a whole.
For example, some people offer you a larger amount, however, you will need to cover the legal expenses and insurance. When you do the calculations, it shows that you will earn less than accepting the lower offer.
As a method to earn more and have a spare asset for negotiation, you should offer some of the furnishing and kitchen supplies as a bonus for the new owner. Everyone needs a head start, so they will surely find a great use for the items you have left for them.
5. Avoiding the repairs
When people come to see your listing, they are doing a complete inspection of your property. Opening up every drawer, looking at the vents and piping is just a way to ensure themselves the condition of your house.
In some cases, they might bring a professional with them that will concisely tell them whether the place you are selling is in a good condition. For that reason, you will need to have everything fixed before you list your house for sale.
However, don’t overdo it with the repairs, since you can get easily carried away and spend more than you should. Just fix everything that is broken, and that is it.
6. Doing a complete renovation
To improve the visual appearance of your house, you may consider doing renovation projects before you sell. This should significantly increase the price of your home but you need to be cautious.
Since you can easily overspend, and get carried away in the renovation projects, you may spend more than the potential price gain. This is a mistake that can cost many people dearly. For that reason, do light work that does not cost much, like painting the walls for example.
While it significantly improves the visual aspect of your property, it will not be too heavy on your pockets.
7. Not being ready to sell
You will need to put some time into preparations before you contact your agent and tell them your house is ready. Nobody wants to get into a house with buying intentions and be greeted by a filthy home. This ruins the image of your property, and it drops its price of it.
For that reason, make your place spotless and well decorated. This will attract the buyer’s attention better, which can result in a quicker sale.
8. Not being situated during the process
While the selling process is ongoing, you will need to situate yourself somewhere else. That way, your place is free for showing around and has it presented to multiple buyers in a day without obstructions.
In addition, when people come to buy a house, they usually expect the property to be free for them as soon as possible. If you are still living there, they can drop the price you have asked for which is something you want to avoid.
9. Having too few walkarounds
If you are limiting yourself with the number of visitations, your chances for a quick sell drop dramatically.
These things correlate, so if you have intentions of selling, let your agent bring people into your house as much as they want. That way, many people will see your offerings, and you will get your property sold in no time.