Selling your house is not a piece of cake. It would be tough for you, if you never did this before. It is an emotionally challenging and time-consuming task. Buyers will visit your place and criticize your construction, design, condition and interior. They poke around in your closets, bedrooms and cabinets. After doing a lot of criticism, they will offer you a very less money as they tell you your home is not upto par.
Selling your home would be complex and emotional. But it would be easy for you if you read this article till the end to avoid those mistakes usually people do when they are selling their home for the very first time. Below we have mentioned some mistakes usually the novice sellers do. You can overcome these pitfalls, if you read the full article.
Mistake No.1: Emotionally Attachment
I can understand the emotional attachment you have with your home. But when you decide to sell your home, you have to think like a businessman not like ahomeowner. Keep aside your emotional transaction and focus on financial perspective. Emotional attachment is a natural phenomenon. But,remember your own happiness when you were buying this home and the state of the seller. This feeling will help you out in selling your home.
Mistake No.2: Not Hiring an Agent
Although hiring a real estate agent means losing some portion of your profit.But If you are selling your home for the first time, then I suggest you to hire a real estate agent. I know they demand 5-6% commission of the selling price, butthis decision would be in your favor. Agents know all the tactics to raise the price of the homes. If you sell your home of your own, you cannot convince the buyer at your price. Agents know all the potential buyers and they know how to crack a deal with your set price.
Mistake No.3: If You Do Not Set a Realistic Price of Your Home
The key to selling your home is to set the right and realistic price. Whether you are selling your home by your own or through an agent, the price should be realistic. Do a market survey and after analysis, set the market compatible price. Always do justice with your home. Do not overprice your home or underprice it. Make an offer with a realistic price of your home. Set a price according to the location, landscape, condition and the land of the home.
Mistake No.4: If You Do NotSet a Space for Negotiation
Any buyer, youwill meet, negotiate the price. The key is, set the price that will attract the buyer, but leave a breathing room for negotiation.You can never crack a deal at your set price. So, keep in mind leave some portion of price for negotiation. Every buyer will negotiate. No one is going to pay your full fledge price, you have asked. This technique will work to sell your home. Do not lose your profit in negotiation.So, before setting a price of your home, keep in mind the negotiation amount.
Mistake No.5: Selling Your Home in Winter
Winter is a slow season to sell your home. In winter, people usually enjoy their holidays and they are engage in social gatherings and wandering.So, winter is not an appealing and ideal season to sell your home. Few buyers will come to your home in winter and it is not sure that they will buy at your price. So, if you want to sell your home at a good price wait for the winter to be over.
Mistake No.6: IfYou Do NotFix the Significant Problems
Any significant problem in your home will lower down the price of your home. In order to sell your home at a good price, the best decision is to fix the problems of your home before the buyer’s inspection. You can adjust your fixing money on the home’s price. Fixing the problems of your home is important, otherwise you will be going to lose a potential buyer or the profit of your home.
Mistake No.7: If you Do Not Accommodate Every Buyers
If someone wants to view your home, even he is not a potential buyer, your duty is to accommodate him. It is not compulsory to accommodate only potential buyer. You have to clean your home before any buyer’s visit.
Mistake No.8: Signing a Contract with an Unqualified Buyer
Signing a purchase contract with the person who bring pre-approval letter from a lender will be a big mistake. Sell your home to a buyer who has his own property or property documents.