7 Mistakes to Avoid When Selling a Home
Summer is the best time to sell a house at the Lake of the Ozarks. Moving can be scary, exciting, and stressful all at the same time. Devine & Associates are here to help you sell your home. However, before you put your home up on the market with the Lake of the Ozarks’ best real estate agent, you should consider these seven costly home selling mistakes and how you can avoid them.
You may think that you are saving money by not doing a pre-listing home inspection. However, you can save yourself more time, aggravation and most importantly money by doing a home inspection before listing your home. You can address the issues yourself and pick the contractor you want to fix your home rather than negotiating with the buyer to fix the problems, which could affect your sale price.
2. Neglecting Repairs
Just like skipping the home inspection, neglecting necessary repairs could have an effect on your home’s selling price. You may think that the few tiny repairs are not a big deal, but they quickly add up. A broken faucet here and a loose tile there are repairs that the buyer sees as dings to their wallet and they may offer you a lower than expected price for the house because of those repairs that need to be made.
3. Failing to Disclose Everything
It is important to be honest and upfront about everything. If you know there are problems with your home and you chose not to repair something, that is fine (just refer back to point 3). However, it is important that you let your potential buyers know. If you sell your home and you knew it had issues, but you didn’t let the buyers know, it will eventually come to light and there may be some backlash because of it.
4. Over/Under Selling Your Home
Over-pricing or underpricing you home could be a costly mistake. If you price your home too high, you may have to end up reducing the home’s price multiple times and sell it for far less than you would have if you priced it right the first time. If you put your home on the market too low, then you lose money by selling it to someone who would have paid more for your home.
5. Not Cleaning Up Before a Listing
This is an easy mistake to avoid, but if missed could lead to some money taken off your buyers asking price. Making your house look decluttered, clean and tidy is the difference between a potential buyer seeing your house as their future home or seeing your house as a huge project. Although your home may not be in that bad of shape, if there is a lot of unnecessary “stuff” in your home, it makes it look tight and cramped instead of big and spacious.
On the other hand, listing a completely vacant home could also hurt your final sale price. Potential buyers have a hard time viewing themselves living in a home that doesn’t seem very homey. It is always a good idea to have your home staged before listing it. Chances are good that you have plenty of items to choose from to make your house look like a home. If your furniture is being used at your new home or making its way to a new city/state, it may be worth it to hire someone to stage your home.
7. Don’t Let Yourself Get in the Way
We know you love your home; that’s why you bought it in the first place! However, do not let the negotiating get personal. Don’t let your ego get in the way and miss out on creating a win-win deal. This is first and foremost a business transaction – and a pretty big one too. Take a step back, take a breather and really think about the deal without your personal feelings getting in the way.
Don’t Make a Mistake When Selling Your Home
These mistakes could all be easily avoided when you sell your home with the best real estate agent at the Lake of the Ozarks. If you are thinking of selling your home, it is important to take all of these potential mistakes into consideration. Do not sell your home short. Contact Devine & Associates if you’re ready to list your Lake of the Ozarks home.
Devine & Associates Real Estate