7 Mistakes To Avoid When Selling Your Home
When you sell your Lake of the Ozarks home, it can be an exciting, nerve-wracking and scary experience all at the same time. However, if you do your homework and work with an experienced real estate agent at the Lake of the Ozarks, you can get through it with smooth sailing. I have gathered seven costly mistakes that home sellers make to hopefully help save you money when you sell your home:
Selling your home by yourself may seem like it saves you money because you do not have to pay the commission of a real estate agent. However, it could end up being costly because you do not have anyone guiding you through the processes and helping you through the negotiating process.
1. Listing Home Without Fixing Issues
There is a difference between remodeling and making repairs. Skipping the kitchen remodel is fine. However, not fixing that leaky faucet may cost you money. Home buyers will see the faults in your home and it may reflect in their offers. Although your repairs may be minor, they could see them as problems or projects that they may not want to deal with.
2. Not Disclosing
This is an easy mistake to avoid. Make sure you are upfront and honest with your home buyers. Too many sellers were afraid to disclose problems in their homes, which ended up costing them money. Being honest about your home's issues can help save you money and time. The truth will come out eventually and it could come back to bite you. Don't let it happen and disclose all information.
3. Listing An Empty Home
If possible, it is a good idea to keep the furniture in the home while it is on the market. Listing a vacant home makes it hard for home buyers to see that house as their home. Having the home staged makes it easy for the buyers to see themselves in it. They can picture how they can use certain rooms and how they can make it theirs.
4. Not Cleaning Up
Another mistake home sellers can easily avoid is not cleaning up before listing their home. In the eyes of home buyers, a messy house could mean it isn't taken care of well. Before you list your home, it is a good idea to declutter. Make sure your counters are cleaned off and your closets are organized. Home buyers will take notice.
5. Skipping a Home Inspection
Doing a home inspection may seem unnecessary, as home sellers will most likely schedule one before buying a home. However, hiring an inspector before listing could save you some money in the end. They could uncover some issues in your home that you were unaware of, which means that you can choose the person you want to hire and fix it on your own time. Instead of the home sellers choosing who and when they want to fix it.
6. Mispricing Your Home
Both overpricing and underpricing your home could end up costing you money. Overpricing your home could end badly. Many home sellers will not even look at home's that are over the market price. Although you could lower your price later, buyers may wonder why your home has been on the market so long and why you lowered the price. Hiring the right real estate agent can help you avoid this mistake.
7. Selling Your Home For Sale By Owner
Don't Make These Mistakes - Hire a Trusted Real Estate Agent!
Selling your home, especially for the first time, can be a challenging experience. However, it doesn't have to be! When you hire a trusted REALTOR at the Lake of the Ozarks, they can help you navigate through the selling process. From listing your home to closing negotiations, a real estate agent is there for you through the whole process. If you are looking to sell your Lake of the Ozarks home, give Dan Ralston a call at 573-216-8439. I would be honored to sell your home and possibly help you look for a new one!
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Great Blog, very professional and informative, and most important, to the point. Keep Rockin' the Real Estate in my old home town:-)
ReplyDeleteStephen S. Green
Class of 84'