8 Mistakes First-Time Home Sellers Make & How to Avoid Them
Plenty of home sellers consider their places to be coveted properties that others would be lucky to own. But, that hubris can often lead to trouble when it comes to actually landing an offer and closing a sale.
First-time sellers in particular exhibit some self-sabotaging behaviors that can trip them up on the way getting the deal done. The following are the most common mistakes they make and how to avoid them.
1. Thinking they can go it alone
Selling a home is not for the faint of heart, nor is it an easy DIY project. First-time home sellers quickly realize marketing and showing their property is a full-time job. Unless they’re experts in real estate contracts, appraisals, inspections, and other documentation, they can end up make costly errors. Fortunately, this is an easy one to fix: Hire a licensed agent.
2. Wanting to price it too high
Homeowners may think they’re living in the perfect home, but pricing it too high will render it a white elephant. It’s great to be optimistic that you’ll make a nice profit, but it’s important to be realistic and price a home accurately. Remember, time is money. Seeking top dollar can cost you if your home remains on the market far longer than you’d planned.
3. Being unwilling to negotiate
Just because an offer comes in lower than a seller might have hoped, that’s no reason to take it personally and refuse to negotiate. Think of an offer as a starting point that leads to a compromise that works for both parties.
4. Not doing a thorough cleaning
From the moment sellers decide to put their places on the market, they should begin cleaning and decluttering to make the home look as attractive and well-kept as possible. Staging is important, but experts agree, nothing makes a home shine quite like a thorough cleaning.
5. Making it difficult for agents to show it
Sure, last-minute showings can be inconvenient, but if sellers really want to make a deal, they have to be willing to let an agent and prospective buyers inside. Thinking a two-hour open house once a week is going to be enough is some serious wishful thinking.
6. Refusing to take the agent’s advice
Homeowners often think they know their properties better than anyone, so why should they take any advice — even from a professional? Because you’ll benefit from the wisdom and experience of a professional. If your agent suggests that you stash your garden gnome collection in the shed or fix that rickety staircase, just do it.
7. Being unwilling to make changes
Things like kitchen and bathroom updates can make a home look more attractive and move more quickly as it means less work a buyer will need to tackle after moving in. Still, some sellers dig in their heels and decide to adopt a “take it or leave it” attitude. Sadly, many buyers will choose to leave it.
8. Not considering the next move
Homes can sell more quickly — or more slowly — than anyone, including even a Realtor®, can anticipate. So it’s important to have a back-up plan either way.
HOW DO YOU SELL YOUR HOME FOR THE HIGHEST AMOUNT OF MONEY?
And as quickly as possible, with the least amount of disruption in your life?
Well, for starters, download a copy of my booklet “The Ultimate Home Seller’s Guide”.
This guide addresses the most common hiccups, hurdles, and objections from sellers throughout the process—from start to finish. It was originally written for people who were actually hiring me to market their home and advise them. But, since it’s been so helpful to my clients, I’ve decided to make it available to you too, even before you hire me…or any other agent.
Too many homeowners begin the process with so much hope and excitement, but not a clear picture of some of the most common issues that arise. These issues shouldn’t be a big deal at all, but they creep up and cause stress and frustration, which leads to poor decisions that can cost you in many ways.
My guide will give you a clear picture of the whole process, and some behind-the-curtain insider insights most people never even think about, before you even put your house on the market. (It’s even helpful to people who’ve sold a house before!)
So, if you want to sell your house for the highest possible price, as quickly and easily as possible, this guide is a must read. And, I’m glad to share it with you!