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Avoid These Costly Mistakes When Selling Your Home

Nov 28, 2022

When you're ready to sell your home, you want to ensure you do everything right. After all, this is one of the biggest transactions of your life. You don't want to make any mistakes that could cost you money or cause delays. Here are some of the most common mistakes people make when selling their homes and how you can avoid them.


Not Selecting a Good Realtor


When you're ready to sell, you'll want to find a good realty agency. According to the National Association of Realtors, as many as 91% of homebuyers recommend their agent to others and reuse them again. A good agent will help you through the process, answer your questions, and give you advice. Not all agents are created equal, so you must take your time and find someone you trust. Interview a few different agents before making your decision.


Not Pricing Correctly


One of the most common mistakes people make when selling their homes is pricing it too high. They think they can get more money for their home than it's worth. It'll take longer to sell your home if it's priced too high. Plus, it'll turn off potential buyers who think you're not serious about selling. So, be realistic about your home's value and price it accordingly.


Not Disclosing Problems


If there are any problems with your home, you need to disclose them. This includes things like water damage, foundation problems, or mold. Not disclosing these problems could lead to legal trouble down the road. So, it's always best to be upfront about any issues with your home. It'll also allow you to fix the problem before potential buyers see it.


Not Preparing Your Home


When potential buyers come to see your home, make sure it's in its best possible condition. So, start organizing, cleaning, and making necessary repairs as soon as possible. If your home is in disarray, it'll turn off potential buyers and make them less likely to make an offer.


Not Negotiating


Once you receive an offer on your home, you're not required to accept it. You can always negotiate, especially if the offer is lower than your asking price. If you know the value of your home, don't settle for anything less.


Selling your home comes with a lot of responsibility. As long as you avoid these common mistakes, you should be able to sell your home without any problems. Remember to find a good
realtor, price accordingly, and prepare your home for potential buyers. If you're looking to sell your home, get in touch with us at Re/Max 2000 Realty Kim Yu today!

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