Mistake #1 -- Placing the Wrong Price on Your Property
Every seller obviously wants to get the most money for his or her property. Ironically, the best way to do this is NOT to list your property at an excessively high price! A high listing price will cause some prospective buyers to lose interest before even seeing your property. Also, it may lead other buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price. Mistake #2 -- Mistaking Re-finance Appraisals for the Market Value
The market value of your home could be higher or lower than a re-financing appraisal as the purpose of a re-financing appraisal is for re-financing, not for selling. Your best bet is to ask your Real Estate Agent for the most recent information regarding property sales in your community. This will give you an up-to-date and factually accurate estimate of your property value in the current market place. Mistake #3 -- Failing to "Showcase"
In spite of how frequently this mistake is addressed and how simple it is to avoid, its prevalence is still widespread. When attempting to sell your home to prospective buyers, do not forget to make your home look as pleasant as possible. Make necessary repairs. Clean. Make sure everything functions and looks presentable. A poorly kept home, in need of repairs, will surely lower the selling price of your property and will even turn away some buyers. Mistake #4 -- Being Un-informed of Your Rights & Responsibilities
It is extremely important that you are well informed of the details in your real estate contract. Real estate contracts are legally binding documents, and they can often be complex and confusing. Not being aware of the terms in your contract could cost you thousands of dollars for repairs and inspections. Know what you are responsible for before signing the contract. Can the property be sold "as is"? How will deed restrictions and local zoning laws affect your transaction? Not knowing the answers to these kinds of questions could end up costing you a considerable amount of money. Mistake #5 - Signing a Contract with No Escape
Hopefully you will have taken the time to choose the best Real Estate Professional for you. But sometimes, as we all know, circumstances change. Perhaps you misjudged your real estate agent, or perhaps he or she has other priorities on his or her mind. In any case, you should have the right to fire your agent(s). Also, you should have the right to select another agent of your choosing. Many real estate companies will simply replace one real estate agent with another one, without consulting you. Be sure to have control over your situation before signing a real estate contract. Mistake #6 - Limiting the Marketing and Advertising of the Property
Your Real Estate Professional should employ a wide variety of marketing techniques and be open with you about what techniques are going to be employed in the marketing of your home. Your Real Estate Agent should also be committed to selling your property and should be available for every phone call from a prospective buyer. Most calls are received, and open houses are scheduled, during business hours, so make sure that your agent is working on selling your home during these hours. Mistake #7 - Choosing the Wrong Real Estate Professional
Selling your home could be the most important financial transaction in your lifetime. As a result, it is extremely important that you select the real estate professional that is best for you. Take your time when selecting a Real Estate Agent -- ask them key questions, make sure you are comfortable with them and you feel they are looking out for your best interests, not theirs. If you want to make your selling experience the best it can be, it is crucial that you select the best real estate professional for you! Learn more about Carol to see if she is the type of Real Estate Agent you would like to work with! |