While selling your old house can be exciting, when you think about how you can now make a new future in a space more suited for your current needs, it is something that you cannot rush into or take a back seat on.
Selling your house is something that requires your time and attention, you need to be mindful at every stage to avoid making the wrong deal, or losing potential profit because you close the sale at the wrong time.
Some specific things to keep in mind while selling your house, to avoid making mistakes are:
1. Overpricing your Home
Just like underpricing can be a problem for you, and the last thing you want to do, so can overpricing.
It is common belief that if there is a small variety of houses on the market, you can put your house on sale for a high price as buyers will be more willing to buy what they see.
However, this belief is wrong. Because when any potential buyer gets their bank involved, an appraisal will be sent to your house to find out its true worth. If you price it higher than that worth, the bank will not loan your buyer the extra money, and you will lose any potential business.
That is why it is best to have your own real estate agent help you when it comes to pricing your house, to ensure you do not price it too high or too low.
2. Being Emotional
When it comes to business, it is best to remain objective. This advice applies to selling your house, just as much as it would to any other business transaction. If you end up letting your emotions get involved, you will have to deal with many other issues. You may end up accounting for the house’s emotional value, and being more picky when it comes to the time of pricing the house, or even picking a buyer.
If it is a house you grew up in, or got married and raised a family in, you will probably take longer looking for a buyer, as you will look for someone who has similar values as you, instead of looking for someone offering the most money.
To avoid such situations, it is best to hire a real estate professional, who will deal with the main transaction and give you an unbiased and professional opinion on what is best.
3. Declutter
When a buyer comes in to look at the house, they will want to envision themselves in it. That is why it is best to make sure while the area looks presentable and comfortable, there is nothing personal in the home. Let your buyer imagine their life in the property, not yours.
Take the time to remove any pictures or frames you have put up, or anythig that shows your time in the house.
If you avoid these mistakes, you will find the process of selling your home to be a lot smoother and easier!
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