Need to sell house fast – avoid these 5 mistakes! Selling a house can be an exciting as well as a frustrating time for many homeowners. An opportunity to move to a new location and hopefully make a profit from the sale of your home is important. Of course, the long waiting for a potential buyer and the market conditions can often lead the homeowner to dump their house as soon as they can.
According to experts, if the homeowner wants to receive the best return on their property they have to be smart on how they approach the selling. The real estate market is tight across the country including Florida. If a typical seller plays it wisely, they can receive 97% of their final asking price. You too can increase the chances of a successful real estate transaction by avoiding five big mistakes that are common amongst overanxious home sellers.
1. Not setting a realistic home value: Pricing a home is tricky. There are many factors that you should consider including the prices of the houses in your neighborhood, the condition of your home, how long has it been since a house has been sold in your neighborhood, and what is the market value of homes similar to yours? Don’t pick a price for your property based on how much profit you would like to make and how much the house has cost you over the years. To find out how much the property is actually worth, consider hiring an appraiser to find out the actual value of your home before you put out the “for sale” sign.
2. Showing your house before it’s ready: We all know that good staging and curb appeal is important when selling your home. Showing your house to potential buyers before you have thoroughly cleaned, de-cluttered and fixed the major aesthetical issues as well as landscaped the yard is a major drawback from your side. The first impression is the last and you don’t want to miss the opportunity of presenting your home when it’s not at in its best position.
3. Hiding the truth about your house: You need to sell your house fast so you don’t want to bother telling the potential buyers about a leak you had four years ago. Right? Wrong! When you try to cover up major flaws of your home the potential buyer is likely to discover them when performing a full home inspection. When they find out, they are likely to back out of the deal or ask you for a reduction in the total property price. And if the issues are uncovered after the sales proceedings, the new homeowner can file a lawsuit against you.
4. Refusing to negotiate: After setting a reasonable price for your home, you should leave some room for bargaining especially if you need to sell house fast. Many buyers attempt to purchase a property by asking for a price below the asking price. The trick is to agree to some of the concessions and maybe add a bit of appliance with the property to sweeten the deal.
5. Waiting it out: Many homeowners who want to sell their house decide to wait for the market to get better. If you want to sell your property, there is never a better time. Do it now!
So if you also need to sell your house fast, keep the above tips in mind when selling your home. If you play it right, there will be nothing stopping you from getting the right price for your property!