It’s time to sell your home, but you’re afraid to make a mistake. It can be a complicated journey, but there is some clear direction on what NOT to do when selling your home. Our experts know what it takes to buy and sell a home in the market today, so we share some mistakes you can avoid as you prepare to sell.
What You Shouldn’t Do When Selling Your Home
You’re probably not going to do everything right, and you may finish the process with a tiny regret or two, but we want to help you avoid the significant missteps that can cost you thousands in the sales process. Here are nine mistakes you should avoid:
- Price Too High
Of course, you want the maximum price for your home. You know how loved the home has been, and all of the work you’ve put into it. However, pricing your home too high can have serious consequences. It’s smarter to price your home competitively, even if it’s lower than you’d like because you can get more and better offers. If a house has sat on the market for too long, it can be a bad sign for potential buyers.
- Taking the First, or Highest, Offer
You may be elated when you receive a quick offer at or above asking price for your home. It can be tempting to take the offer and run, but it’s probably smarter to assess more than one offer and consider lower offers that are more likely to close without complications.
- Avoiding Repairs & Renovations
Renovations and repairs are costly and time-consuming. Some homeowners would rather just put the house on the market and let the next homeowner update it in their own way. Unfortunately, avoiding necessary updates can prevent buyers from taking the home seriously. Instead, updating flooring or renovation of bathrooms can increase your return on investment and attract buyers.
- Lazy Staging.
If you want to sell your home, it’s going to take work. You can’t just wipe down your home and expect buyers to love it. Take the time to deep clean your home and remove clutter and personal items. Consider professional staging and photography to represent your home well. It’s a hassle to move things to storage, but well worth the effort.
- Overestimating Your Take
You’ve built great equity in your home, and you’re excited to sell it and move to the next adventure. But too many sellers forget to factor in repairs, sellers’ closing costs (which can be up to 10% of the sale), and how much they can afford in their next home. Don’t get caught with a home that can’t sell for the price you need to upgrade. Meet with your bank and a loan officer to determine how much you can expect to take home from the sale of your house and what you can afford in your next move.
- Few Showings.
Showings take a lot of effort and seem incredibly inconvenient—especially when you already have interest or offers. But limiting your showings can be a huge mistake that robs you of multiple offers and ideal buyers. Try to accommodate as many showings as possible, and consider open houses to attract more buyers.
Sell With Us
Selling your home can be an intimidating and emotional process. The sale of your home can direct the course of your future, so it’s important to get it right. Fast Oklahoma House Buyers can make the process fast, easy, and effective for you. Learn more about our process and what we can do with your home together.