What Are the 3 Biggest Seller Mistakes?

26 February 2018
Joshua Chisvin

If you are preparing to list your home for sale, I'm certain you not only want to get the highest price possible, but in the shortest amount of time possible — and also with the bare minimum of possible roadblocks, too. Hey, this home has likely been the biggest investment of your life. Which means to accomplish your goals, you’d be best to steer clear of these most common — and hands down biggest — seller mistakes.

DON'T OVERPRICE YOUR HOME!

Who knows why some sellers insist on overpricing their home. Seriously, who? On one hand, maybe they’re hoping to extract a little more profit from their property. On the other, maybe they want to create a bit of extra room for negotiation. Or hey, it could be that their sentimental attachment to the property is beginning to cloud their better judgment. But don’t forget: a home is only worth what the market is willing to pay for it. So, if you go the overpricing route, it could absolutely mess with the value of your property. For example, if you price your home above its market value — like, far above — you’re inevitably going to lose untold potential buyers who deem your price range a little too above their reach. Heck, even those who are actually interested probably won’t give your property the time of day. What’s more, overpricing your home will also result in it remaining unsold for a very long time, and subsequently sitting on the market for far longer than it should. This will no doubt prompt prospective buyers to question it’s appeal, amongst other things. In other words, in order to skip the frustration, just set the right price from the get-go.

LITTLE TO NO MARKETING WILL COST YOU!

The way a home is marketed to buyers plays a significant role in its future purchase. This means it benefits you to work with a real estate agent who has an effective marketing plan. After all, sitting around, being complacent and convincing yourself that buyers will simply find your home on their own is a big mistake. From social media platforms to traditional advertising outlets, your agent can expose your property to buyers through a variety of channels.

NEGLECT AT YOUR OWN RISK!

First impressions count, especially to prospective buyers. Make yourself aware of features that need to be upgraded or repaired. Focus on high-impact — yet decidedly low-cost — enhancements like replacing fixtures, refinishing cabinets, painting surfaces, installing granite countertops and improving curb appeal. Yes indeed, these are some of the major things buyers keep their eyes peeled for when scoping out a home.

  Real Estate