If you want to sell your home fast for top dollar, you need to know which costly mistakes to avoid. Remember the good old days when you could buy a house, wait a few years, and sell it for a profit? Unfortunately, times have changed.
While the real estate market is competitive, property prices remain lower than before. Additionally, buyers are more selective, and many homes for sale never sell. To succeed, learn how to avoid mistakes and sell your home quickly for the best price possible.
1. Don’t leave until you sell
According to studies, it is more difficult to sell a vacant property since it appears abandoned and just unappealing. If you relocate, you’re also informing buyers that you have a new house and are likely eager to sell quickly, which gives them an advantage during negotiation.
2. Before you establish a price, do your research
Choosing an offering price should not be taken carelessly. You’ve given buyers the most they can spend for your house after establishing your offering price, but pricing too high is just as risky as pricing too low. Keep in mind that the typical buyer is examining 10-15 properties at the same time they are considering yours.
This means they have a baseline for comparison, and if your house does not compare favorably with others in the price range you’ve chosen, prospects or agents will not take you seriously.
3. Provide an incentive to selling agents
In a market flooded with inventory, many sellers believe it is prudent to offer an incentive to encourage these agents to show their houses more regularly. While you may not favor the prospect of paying real estate agents even more money, the reality is that it may give them the motivation to work even harder to sell your house for the top price.
4. Use curb appeal and set the home
Buyers will not buy your home until they become emotionally engaged in it. Begin by working hard to improve your home’s curb appeal to create a stronger first impression. Afterward, go inside and stage each room by establishing a focal point and a story for each one. Simple examples of staging include a set dinner table, a book by the bed, and a game in the kids’ room.
5. Get a pre-inspection of your house
Yes, the homebuyers will want their own home inspection, but having a pre-inspection so that prospective buyers have a sense of the property’s condition before making an offer will speed up the process.
The Bottom Line
It is crucial to understand how to sell a property. Even if you don’t commit any of these mistakes, ensure you prepare yourself emotionally and financially for non-ideal conditions. In a declining market, the property may stay on the market for far longer than you imagine.
Also Read: 5 Common Selling Property Mistakes To Avoid For A Quick And Profitable Sale
