Thinking of selling your home? By understanding the costs involves and taking steps to make your home more attractive, you can make your home sale a success. Here are just a few mistakes to avoid when selling your home in order to save money and speed up the process.
5 Mistakes To Avoid When Selling Your Home
Setting the price too high/too low
Getting the pricing right is essential. Going in too low is one of the mistakes to avoid when selling your home. You could be losing out on a lot of money that you rightfully deserve. Set the price too high and you could scare off buyers and not be able to get a sale. You’re best off always hiring an estate agent to professionally value your home. Then you know you’re in the right price range. Getting your home valued costs nothing. And you can still choose to sell independently without the agent afterward.
Paying overpriced commission fees
Another of the many mistakes sellers make is spending huge unnecessary amounts in commission. If you’re selling through an agent, make sure to compare rates first before choosing one to go with. This will allow you to get the cheapest rate. An alternative option could be to sell independently through a listing site and not pay commission. The likes of this FSBO site could save you a lot of money. Some sites may have listing fees instead. These are likely to be much cheaper than agency fees.
Selling at the wrong time
Think carefully about timing as this may affect your ability to sell your property. Homes are much harder to sell in November and December. Many people don’t want to be moving around Christmas due to the costs and the upheaval. Instead, you’re much better off waiting until Spring. This has been found to be the most successful time for selling a property. Selling at the wrong time is another one of the mistakes that new sellers make.
Timing viewings poorly
Another of the mistakes to avoid is showing your home at the worst possible times. You may want to avoid noisy times when the neighbors often play loud music. Also, avoid times when there’s a lot of traffic outside. Time your viewings strategically so that buyers don’t get put off. A noisy home is usually not on a buyers list of wants.
Not investing in last minute improvements
Investing in last minute improvements to your home could increase its value allowing you to sell for more. There are many ways in which you can add value to a home. Some are surprisingly easy. Simply adding a new lick of paint to all the interior walls could add thousands to the value of your home. When painting, do not make one of the mistakes to avoid by painting bright or flashy colors. Keep it neutral.
Other more drastic improvements could include building an extension or converting the loft to be used as a bedroom. You can also add value simply by tidying up your home. This is particularly the case with the front of the house and the yard. By keeping it all looking neat and presentable, you could make it more appealing and hence add value.
Now you are aware of 5 mistakes to avoid when you are ready to sell your home. Keep these in mind as you prepare for selling. If you follow these guidelines, the selling process will surely go smoother and perhaps even quicker.