Homeowners can get emotional about selling their home when it’s time to sell. Here are a few mistakes that sellers often make during a transaction :
1. Being unrealistic about the home’s value – Real estate professionals say that sellers need to be careful not to get too greedy with their list price. Homeowners tend to get a lower price when they overprice their home in the beginning then drop the price several times. The longer the house lingers on the market, the more likely it will receive a deeper discount. A reasonable price would be based on comparable properties that are selling for and the home’s appraised value.
2. Not making a better home presentation – Homeowners should conduct a thorough cleaning, remove all of the clutter, make sure the home is well-lit and fix any major aesthetic issues. According to realtors, staged homes make it easier for buyers to visualize a property as their future home.
3. Not being honest about the home’s history – It can be tempting for some home owners to hide their home’s history and fail to share its flaws. Agents need to remind their sellers that covering up serious flaws could come back to haunt them later. The buyer could uncover the flaws during the home inspection and may want to back out of the deal or ask the seller to fix the problem. It’s important to remind sellers upfront about any potential issues with the home.
