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Mistakes to Avoid When Selling a Home

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Home sellers want to sell their property for the best price at the shortest time possible. If you rush to make a sale, however, you may end up making costly mistakes.

When selling Eden, Utah real estate, be sure to avoid these blunders:

Not hiring an agent

Some sellers scoff at the 5%-6% commission that real estate agents charge for their services. However, selling a home is a complex financial and legal transaction; should anything fall through the cracks, the whole deal could be derailed. Moreover, you cannot attract buyers unless you market your property well. If you have no prior experience selling a home, it’s best to hire an agent.

Setting the wrong price

Homeowners are emotionally attached to their homes, so they’ll often set unrealistic selling prices for it. But what you think your home is worth can be very different from its actual market value. To arrive at a realistic price that will attract buyers, take a look at the selling price of comparable properties in your area. Then set a price that’s at par or slightly below the median value.

Being inflexible about selling price

All buyers will negotiate for a lower price. You probably did, too, when you bought your home. Rather than setting a fixed price, decide on an acceptable price range instead. As long as a buyer’s offer falls within that range, you’ll still be getting a fair deal. Sellers who refuse to budge on their asking price often struggle to sell. Your property is not the only one available on the market, after all.

Not being upfront about damages and repairs

Admitting that your home had a major water leak might feel like shooting yourself in the foot. However, sellers are required to fill out a disclosure form so your home’s repair history has to be revealed. Moreover, no buyer will purchase a home without having it professionally inspected first. Should the inspector find an issue that you failed (or chose not) to disclose, they may walk away altogether.

Selling without staging

The truth is very few homes are ready to sell as-is. If you want to attract buyers, you need to spend a little time, effort, and money in staging your home. This will include enhancing curb appeal, decluttering your home, removing personal effects, and repairing existing problems. If your budget allows, you can also renovate the kitchen or bathroom to make your house more appealing to buyers.

Selling at the wrong time

People say real estate is all about location, location, location. But when it comes to selling, timing can be just as crucial. Typically, the real estate market is slowest in the winter as buyers will be reluctant to brave the chill to go on viewings. Moreover, winter also coincides with major holidays such as Christmas, so potential buyers will be preoccupied with social engagements during this period. If you can, time your home sale in the spring or summer instead.

There are a lot of factors that make a home sale successful. If you need help with homes for sale in Eden, Utah, let our team at Destination Properties LLC help you. Call 801-745-2009 or e-mail info(at)destinationpropertiesutah(dotted)com today.