Be smart while selling your house. Avoid these common mistakes

By December 11, 2019 Money Matters

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As you settle down into retirement, you, you may find yourself in a position where you need to sell a house that you own. It may be because you are relocating or you are liquidating an investment or you are downsizing or one of many such. Typically, they are high value transactions and its useful to have some insights around the dos and don’ts while selling that house. The author in the article below helps you with just that. Telling you to avoid some of the common mistakes made while selling a house. Team RetyrSmart

Be smart while selling your house. Avoid these common mistakes

SO, you have finally made up your mind to sell your house? Whatever be the reason for making the big ‘S’ decision, you could ensure a good price if you avoided these 10 mistakes:

Going solo

Trying to get someone to buy your home on your own dint through references or word of mouth may seem like an easy way to avoid paying commission. But the flip side is that you are bound to miss out on a real estate agent’s market knowledge, contacts and help with the process. A real estate agent is key to a successful – and less stressful – home sale. So, if you’re looking to sell your home for its full market value, professional insight is more likely to get you there.

Waiting to Sell

There may be peak times like before auspicious days in the calendar or before the schools reopen, but that doesn’t mean you should wait months to put your home on the market. The need for a house may arise for anyone at any time of the year, so press the ‘sell’ button as soon as you are ready to do it.

Pricing Too High

You may feel that your dream home deserves the highest monetary value but it is also necessary to be realistic about the actual value of the property and how buyers perceive it. If you put a big tag on your home, chances are you’ll eventually need to lower the number, but the peak period of activity that a new listing experiences is already gone. For that reason, it’s important that your real estate agent is honest with you about what your home will sell for, based on the recent sales of similar homes in the area.

Not ready to make changes

Homebuyers today want to check out places that they will be comfortable to live in. So, if you are hellbent on selling your home as it is, it may act as a definite hindrance. A fresh hand of paint, repairing some breakages, sorting leakage issues etc could make it more desirable for prospective buyers.

Non-removal of clutter

It may look difficult to de-clutter your home while you are still living in the house, but presenting your home without like getting rid of oversized couches and other large furniture could make the room look less crowded. Home-buyers are reportedly said to be attracted to a home which is less cluttered as they can visualize their own belongings in a clear manner.

Cutting Costs on home photography

The first way many buyers see your property is by viewing photos of the house online. So, many real estate agents include professional photography in their marketing budget. Even if you can’t get a professional, make sure all photos give the buyer an idea of the size of the rooms. Also make sure photos are well-lit and keep you out of the frame in any reflections.

Being Unavailable

When your house is on the market, showing the house should be your priority. So, you should be prepared to keep the house open for viewing when the buyer so wishes at a mutually decided day and time.

Unwilling to Negotiate

If you’ve received an offer for your house that isn’t quite what you’d hoped it would be, expect to negotiate. While you’ll naturally feel your asking price is more than fair, the only way to come to a successful deal is to make sure the buyer also feels like he or she benefits as well.

Letting heart rule your head

Having an emotional attachment to your house after living there for years is natural. But for all practical purposes, you have to view the selling process as a business deal. Plans to renovate part of your house are not an insult to your taste, but a difference in preferences.

The more you can approach the sale of your house as a business deal, the better off you’ll be to make the transaction as smooth as possible.

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