What to Avoid When Selling Your Home
At Your Favorite Real Estate Team, we are experts when it comes to the real estate market at Lake of the Ozarks. We have helped countless clients sell their lake homes and we have learned a thing or two over the years. Today would like to talk about mistakes sellers make when putting their homes on the market. If you are thinking about or are in the process of selling your home at Lake of the Ozarks, we would love to help! If you have any questions at all, please give us a call. To learn more about what to avoid when selling your home, keep reading this blog!
Not Cleaning and Staging
While it is true, the value of your house is not affected by your housekeeping skills, buyers may equate your lack of tidiness with a less attentive attitude regarding maintenance. If they feel you don’t keep your house well, they may assume you haven’t taken care of it very well either. Having a well-cleaned and staged home can give buyers more confidence in the quality of the home and can help them visualize themselves living in the home, which makes them more likely to consider buying it.
Unadvised Pricing
One of the hardest parts of selling your home can be deciding on a price. Some sellers make the mistake of pricing their home based on sentimental value or what it is worth to them. But real estate pricing is directly tied to the current market and what comparable homes have sold for recently. From a buyer’s perspective, they will be comparing your home to the other homes available to them for the same price range. If your home is overpriced, buyers will usually choose another home. If it is underpriced, you may be leaving money on the table. Your real estate agent will be able to show you what your home should be worth in the current market
Ignoring Repairs
It may make sense that since you will not be staying in the
home, you may not want to worry about making repairs. On the flip side, the last thing a buyer
wants to think about as soon as they invest in a home is to start fixing things. You also leave yourself open to hiccups in
the inspection process or requests to lower your pricing by ignoring repairs. Taking care of repairs preventatively can help
you get the price you are asking and make the way for a smooth closing.
Forgetting About Selling Costs
It is an inherent part of the process to think about how
much money you could potentially earn when selling your home. But it is easy to overlook the costs involved
in the sales process. Don’t forget to
factor in staging expenses, costs for any necessary repairs needed after the
home inspection, the real estate agent's commissions, and closing costs. You should also be prepared for the expense
of any seller concessions, as well as moving expenses and costs associated with
finding and buying your next home.
Emotions
Because your home is a special place for you, and quite possibly your biggest financial investment in life, it is normal to be emotionally invested. However, that can backfire on you if you let your emotions guide your decisions or your negotiations. Rely on your seller’s agent at the Lake of the Ozarks to help guide you as you make important decisions and trust their expertise to negotiate skillfully on your behalf.
Not Having a Seller’s Agent
One of the biggest mistakes sellers make is to try to handle the transaction on their own. A real estate brokerage spends an incredible amount of time, money, and education to utilize all the tools and technology available to get your home seen and to create listing materials that really show off the features of your home. From professional photography to expertly written descriptions, to all the latest software to get your home seen in its best light, hiring a real estate agent means having a team of experts working together to sell your home for the best price as quickly as possible.
We hope you’ve enjoyed these helpful hints to make the
process of selling your home more successful! We know you have lots of
memories, time, and money invested in your home, and you would like to make the
best return possible. We also want you to
have a pleasant home selling experience. Our real estate agents at the Lake of the Ozarks are here for you. We know
exactly what buyers are looking for, and just how to help sellers prepare. If you have any questions about selling your
home, feel free to reach out to us. Follow
us on our social media channels below for more news and information about real estate at the lake of the Ozarks!
CONTACT ED SCHMIDT FOR ALL YOUR LAKE OF THE OZARK REAL ESTATE NEEDS
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