How to avoid mistakes that could cost you money
Overpricing
Statistics show that overpricing a property generally results in an increased time on the market and often lower
net results. Many owners end up lowering the price of their home after the frustration of not getting much
response or offers considerably lower than their asking price. They may also lose their prime exposure time, the
first few weeks on the market. There will always be exceptions where someone succeeds by asking above
market value, but it’s more often a dangerous gamble that does not pay off.
Failure To Showcase The Home
A property that is not well maintained or cleaned can be a red flag to potential buyers. Many buyers mentally
envision themselves living in the home while moving from room to room. This experience is much more pleasant
when the rooms are clutter free and freshly fragranced. Just remember how you feel when you walk into a model
home, even though you are often buying an empty room the fresh clean scented rooms always give a nice peace
of mind.
Home Improvements
Buyers are often poor judges at the cost of repairs. They are also generally looking to move into a home that is
hassle free. Sprucing up the home and taking care of minor repairs in advance can go a long way in the
persuasion of the home, but major upgrades may not always be the best choice. The Remodeling Chart shows
which improvements give the most return for the money.
Contract Writing
A written contract is legally binding and involves a payment plan for repairs, inspections, and may include
stipulations. If poorly written the contract may cost you money or cause the sale to fall through. An experienced
REALTOR® can help fully explain the details of the contract you are about to sign.
No long term obligation Listing Agreement
You can protect yourself by ensuring your singing into a listing agreement that reserves your right to cancel.
Choosing The Wrong REALTOR®
An experienced REALTOR® who specializes in your local area knows the surrounding area well and knows what
to look out for. A good REALTOR® is an expert that helps to negotiate on your behalf. The sale of your home
is most likely the most significant financial transaction you will be involved in. The right REALTOR® can help
ensure it's a very positive satisfying experience.