3 Mistakes To Avoid When Selling Your Home
Selling your home can net you a great profit and leave you free to move on to a new home, but the selling process is not always smooth and easy. While you can't control the local real estate market, there are a number of things that you can do to prevent issues or a lack of interest when you list your home for sale. If you plan to sell your home in the near future, avoid the following mistakes:
Neglecting to Get a Home Inspection
As homes get older problems pop up, but not all issues are apparent to the homeowner. A common mistake that home sellers make is neglecting to get a comprehensive home inspection before listing their home for sale. When an offer is made and accepted, the buyer will have a home inspection done during the inspection period. If you're selling your home, having a home inspection done in advance will give you the time to make repairs so you don't have to incur surprise expenses when a buyer asks for numerous repairs to be done prior to the close of escrow.
Not Paying Attention to Your Home's Curb Appeal
When potential buyers come to view your home, their first impressions are going to be based on the exterior of your home. Before you try to sell your house, it is in your best interest to ensure that the outside of your home and your front yard look as good as possible. Remove all weeds, make sure your grass is green and well-cut, and add some bright flowers. If your home needs to be painted or needs new siding, it is worth the investment to take care of these things before you try to sell.
Listing Your Home at Too High of a Price
After living in a house for several years and putting a lot of work and money into it, it is natural to value it highly. But one of the worst things you can do is set your initial asking price too high. In most cases, if your asking price is too high you won't get much attention from potential buyers in the critical first couple of weeks on the market. You will then be forced to start doing price reductions, which can make buyers think that there may be something wrong with your house. The best thing that you can do is price your house appropriately from the start—your real estate agent will be able to help find the best listing price after researching and seeing what comparable homes in your area have recently sold for.