Four top mistkaes to avoid when selling your own home

The first mistake to avoid when selling your own home is incorrect pricing. There are a few things to consider when deciding on a price. First, you must find comparable sales. Comparable sales are other homes similar to yours, and close by that have recently sold. This information is readily available at your county courthouse. Another helpful place for gauging pricing is your local newspaper. Pricing your home too low might result in a very quick sale, but it will also mean less profit for you. A price that is too high might scare off potential buyers, and your house could sit on the market for months or even years. Try to be objective when setting a price.

Another common mistake to avoid when selling your home without a real estate agent is not advertising enough. Real estate agencies spend significant amounts on advertising. If you decide to be your own real estate agent, you must advertise. Contacting your local paper and copy shop are good places to start. If you are computer savvy, consider designing a flyer with pictures of your home and contact information, and then have it printed at an office supply store.

Overlooking the importance of a well-executed open house is a common mistake made by those who choose to sell their own homes. The open house can make or break any deal depending on the effort you put into it. Here are a few ideas for a beautiful and welcoming open house. Clear away all clutter. Put personal items such as family photos out of sight. The goal of the open house is to help the potential buyers to feel as if they could really live in your house. With your personal mementos out of sight, the buyers will find it easier to visualize themselves in your home. If you’re emotional about leaving your home, do not let the potential buyer know. The last thing you want is for a buyer to back out due to guilt. Another helpful hint for a successful open house is to fill the house with a welcoming and cozy aroma such as a pie in the oven, a fresh pot of coffee brewing, or a scented candle.

If you want to be successful in selling your own home, you must avoid the common mistake of being hard to contact. Buyers will become frustrated and possibly give up if they have to call you over and over to get a response. Real estate agents are available during the day, so potential buyers will expect you to be available as well. If you work during the day, it is a smart move to advertise a second phone number of a family member or trusted friend who can be reached during business hours. Make sure this person has a list of all important details such as how many rooms, price, etc. Ask them to write down names and phone numbers so you can contact them later.

Although the real-estate world can be confusing to a beginner, it is possible to sell your own home without the help of a real estate agency. By avoiding these commonly made mistakes, you’ll be on your way to a successful and more profitable sale.

Thank you to Traci Latoz for this article

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