Home Sellers Mistakes

Are you planning to sell your home? Wondering if your approach is right?

When the time is right and you are planning to put your home for sale, there are some essential steps, following which help you get a faster, more lucrative profit. That said, there are some mistakes that can quash buyers’ interest quicker before they even put an FSBO (For Sale by Owner) sign in the yard.

Eventually, the very difference between worrying about whether your home sale will suffer a setback and having confidence that your living space will sell quickly lies in the selling strategies. Especially, if you’re new to the real estate world, marketing a property for what it’s worth can often seem to be a daunting task. However, paying attention to these strategies can save your time as well as money. Continue reading!

Choosing the Wrong Agent

Let’s make this clear first. Doing it alone is not a choice. You need to hire a professional agent to help you get through the whole process smoothly. Professional expertise aside, you have to work with a realtor who is good at negotiations, easy to communicate with and can assist you in making a deal, keeping in view your interests. 

Home Sellers Agent
Home Sellers Agent

The best way to find the right real estate agent is to hire a person who is not only a good communicator but also has relevant experience in buying and selling properties. Ask them if they have listings for their previous projects such as sea view apartments for sale in Mumbai as well. 

Preferably, get referrals from your family and peer group and interview potential candidates before you hire one.

Read Also: Most Common Real Estate Investment Mistakes & How to Avoid Them

Pricing the Property Incorrectly

Any homeowner would need the best profit for your sale. That said, the most common mistakes made by the home sellers is that they price the higher rates for the properties which do not justify the market rates. That is why they get a few sales offers. Remember, always evaluate your home based on the amenities and facilities it offers. In this way, you can get the best deal.

Ignoring Essential Repairs

Most home buyers want to shift into a ready property. This means that they want a living space that is not in a need of renovation. Therefore, painting the walls, fixing broken windows, changing fused bulbs and door locks pave the way to achieve a greater end. These home repairs will cost you very little but will eventually raise the worth of your property in the eyes of the interested buyers.

Trying to Sell A Clutter Property

Every buyer wants to have an organized home. Therefore, personalization should be kept minimum and clutter should be hidden. This way, they can envision themselves living in the available space without any hindrances.  

Thus, a significant home selling mistake is to forget or neglect decluttering, cleaning, and depersonalizing the home. You can conveniently declutter your home within a week if you know the true art of doing so.

Not Staging Your Home for The Sale

Empty rooms might give a generous look. However, to any potential buyer, they are just empty. A buyer has literally no idea if they can fit their belongings in the available space if you are selling an unfilled house.

This is the reason that home staging is important. Only some easy tips for staging your home for sale are all you need to draw the interests of the buyers. So, showcase and highlight the best aspects of your home while you stage your property for sale.

Selling at The Wrong Time of The Year

Home Seller - Selling at The Wrong Time
Home Sellers – Selling at The Wrong Time

The real estate market experiences selling and buying seasons. Unfortunately, if you are putting your 2-BHK or 3 BHK flats in South Mumbai for instance during an off-peak season, you will be making a common home selling mistake. This would only end up attracting some buyers only.  

In comparison, quick market research of the area will help you demonstrate when home buying is at its peak in your area. In this way, you can list your dwelling on the market accordingly and gain the maximum advantage.

In a nutshell, if you want to get the best offer, ensure that you will not get it right away. Put some efforts to create a win-win scenario on both ends. So, avoid these common home selling mistakes so as to get the maximum profit.