Selling a home can be a great life-changing experience for many homeowners. However, it’s not without its risks and pitfalls. Knowing common mistakes many first-time home sellers make can help you better prepare with your sale and alleviate many potential headaches down the road.
Here are some tips to help you avoid common pitfalls when selling your home:
Avoid Overpricing Your Home
One of the biggest mistakes first-time home sellers make is overpricing their property. Setting your home too high in comparison to other listings in the area can lead to decreased buyer interest and a longer time on the market. It’s important to price your home correctly by researching comparable listings in your area and then taking into account any additional features or upgrades your home offers that others may not have.
Be Transparent About Repairs
Transparency about repairs to potential buyers – even ones that are minor or cosmetic – will go a long way toward gaining trust from those interested in buying. Providing an inspection report from a professional prior to listing helps build that trust further and prevents costly surprises later on down the line.
Be Flexible During Showings
This doesn't mean dropping your asking price, but rather being accommodating as much as possible during showings, perhaps offering flexible times for prospective buyers to come view the house at their convenience or allowing pets into the property during viewings (if allowed by law). This could be one of several different things depending on local customs practices but being flexible is always appreciated by buyers and will set you apart from other listings regarding showing courtesy.
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