Most sellers will counter an offer for their home that is higher than what they are asking for. They do this for a number of reasons, one of which is to appear flexible and open to negotiations. While this approach can work to sell a home, it often fails to get top dollar for it. In this article, I will highlight 11 ways to get top dollar for your home when selling it. Then, you can avoid these common mistakes when selling your home.
10 common mistakes to avoid
While selling your home can be a rewarding experience, there are a few common mistakes that can lead to a disastrous sale. A bad agent can do more than hurt your sale price. You could end up leaving with less money than you originally had. To avoid these common mistakes, consider hiring a realtor and doing your homework on the housing market. Here are 10 common mistakes sellers make when selling their homes. Read on to learn how you can avoid them.
Pricing your home too high
There are many factors to consider when pricing your home for sale. In addition to avoiding pricey mistakes, you should understand the market value of your property. If you overprice your home, you can lose the fresh appeal of the home once you have had it listed for at least 21 days. You should also be aware of the fact that demand wane after this period. Dropping the price of your home to attract more buyers is too late.
Staging your home
Real estate agents often suggest staging a home to attract more buyers. The process involves preparing the home prior to listing, photography, and marketing it. Some agents may give hands-on help while others may simply offer staging advice and decor items for the home. Before staging your home, consider the cost and value of the changes, as well as your local housing market. Staging a home can result in a higher selling price.
Asking for too much
Oftentimes, a seller makes the mistake of asking for too much when selling their home. When a home is too expensive, few buyers will even consider making an offer. On the other hand, a home priced too low will also draw fewer potential buyers. However, sellers should consider that a low bid may also lead to the home sitting on the market for a longer period of time. Thus, it is imperative to understand what to consider when setting an asking price.
Getting a cash offer
Getting a cash offer for your home can be a good choice when you need to sell your house quickly. Cash buyers can be easier to work with and can help you to get out of a stressful situation. You may need to sell your house for a variety of reasons, including a divorce, a job relocation, or any number of other reasons. Whether you are moving due to a divorce, a job relocation, or any number of reasons, getting a cash offer may make this option more convenient.
Selling your home “as is”
While selling your home as is can save you money on repairs and a lower sale price, you must be aware of the pitfalls when selling it as is. For one, buyers may assume that there are major defects in your home and will be more likely to make lowball offers. Consequently, you should always do a thorough home inspection before listing your property. However, if you can’t afford to make a major renovation, you can try to sell your home as-is.
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