Effective Tips to Avoid Mistakes When Selling a House
Selling a home is more time consuming and emotionally challenging than many people think, especially if you’ve never done it before. It’s easy for first-time-sellers to make a lot of mistakes, but the consequences of a big mistake can negatively impact your finance and peace of mind. Today, we’ll share the most effective tips to avoid home-selling mistakes.
- Don’t Get Emotional
This is one of the most common mistakes homeowners make when saying goodbye to their homes. We understand that it’s not that easy because of all the memories you’ve created in that house, and it’s even worse if you grew up in it or this is the first home you’ve ever purchased. However, you must start thinking of yourself as a businessperson instead of a homebuyer.
In fact, forget you’re the homeowner at all and look at the process as a financial transaction. Working on some aesthetic changes will probably help you avoid emotions since the house will look less familiar to you. Distance yourself from the emotional aspects and the whole process will be easier for you.
- Don’t Underestimate the Costs
Selling a home implies much more than just hiring a real estate agent and waiting for him or her to close the perfect deal. Don’t forget that realtors charge commissions and other fees you should be prepared to pay for. Also, if you’re moving to a new home before selling your old one, you might want to rent a temporary place or pay both mortgages as well as other costs.
- Set a Realistic Price
We know how much you value your home and that you probably want to sell it at a higher price than most homebuyers would be willing to pay. When setting the price for your property, take into consideration the size, condition, and other aspects of your home that could make it more or less valuable for home hunters.
If you don’t know how to set a good price, you may get a general idea by searching for homes that have been sold in your area and have the same or similar characteristics as your place. We always recommend using the help of a professional if you’re not familiar with this process.
- Consider ALL Offers
Don’t jump ahead for the first offer you receive, even if it’s very financially attractive. You should take your time to evaluate all offers because sometimes sales have conditions that need to be satisfied for the sale to close. These conditions are called contingencies and they can impact the timeline, complexity, and the certainty of the sale.
For example, you may have a prospective buyer willing to pay a higher price for your property, but requires you to work on some intense and expensive repairs. On the other hand, you may have an offer where the price is a little lower, but can take your house in as-is condition. In this case, you should accept the second offer in order to sell your home faster at a fair price.
- Don’t Ignore Significant Repairs
It’s imperative that your house meet the proper criteria for home inspections. Some home buyers could discard your property due to a long list of maintenance issues. Try to spend enough time working on basic repairs that everybody checks when visiting a home for sale, and are not too expensive or complicated to do by yourself. Some of those repairs include:
- Fixing leaky faucets
- Painting the walls with bright colors
- Work on the curb appeal
- Replace broken windows or doors
- Intensive cleaning
- Replace damaged spark plugs
- Organize Covid-Friendly Open Houses
Open houses are a great way to show your house to prospective buyers. They get to picture themselves owning the house while they’re touring every room. However, homeowners must be very careful when it comes to protecting their buyers from Covid-19. Therefore, make sure to follow the right health regulations when organizing this event.
Don’t forget that you’re never obligated to put yourself at risk when servicing a client. Therefore, it isn’t a requirement to hold an open house event if you don’t feel completely comfortable about it. There are other ways to give your property the right visibility by scheduling visits for interested home buyers on specific days, this way they can get there individually and get a personalized experience.
Sell Your House Fast for Cash
If you’re looking for the easiest way to sell your home and avoid making home-selling mistakes, we’ve got the perfect solution for you. At Lynk Home Buyers, we’re ready to purchase your house for a fair all-cash price. No commissions, no fees, and no matter the condition. We can take your home as-is. You’re just one call away from the perfect deal.