It’s quite normal to want to sell your house. Most do it to accommodate the needs of new family members, such as a new child. But it’s safe to say that making mistakes while selling your home isn’t too uncommon. Thus, it’s important to identify these mistakes to prevent them from happening. And if you’re interested in that, then here are the 5 mistakes to avoid.
Not Knowing the Actual Cost Of Selling Your House
A mistake that is not often talked about is this one. Selling a house isn’t as simple as it looks, especially if you’re going FSBO (for sale by owner). But an even bigger mistake is not accounting for the agent fees when going with an agent. While it is recommended that you do indeed go with an agent, you should also take into account the 3-6% commission fee the agent gets.
When selling a house for $200,000, a 5% commission fee comes at a hefty $10,000. Not only that but chances are you will sacrifice a couple of thousand dollars on necessary renovations and repairs. Considering that some buyers might take issue with certain parts of your house, you will either have to repair them or lower the fee.
So if you were planning on making $200,000 from the sale of your house, the actual fee might be much lower.
Not Pricing It Right
This one has the potential to make it unbelievably hard to sell your house. Let’s take the same example as before. Let’s say that you’re pricing your home at $200,000. Chances are, not everyone will agree with it. And if your real estate agent is one of those people, then you’re in for a rough ride.
Incorrect pricing can be frustrating to deal with for both buyer and seller. You might value the property at that price, but you won’t sell it if similar houses in your area go for far less. At the end of the day, you might want to save big for your next house, but that won’t always be possible.
Price your house incorrectly, and it will be some time before you actually find a buyer.
Not Going Through the Home Staging Process
Home staging matters a lot in the home selling process. According to this post from Daily News, home staging will help you sell your house much faster and at a better price. But what’s so special about it? The reason why many real estate agents recommend home staging is that it shows the buyer what the house looks like.
Not only that, but home staging presents the house in the best possible light. This will make the property appeal much more to potential buyers. Imagine if instead of a nicely set up living room, you invite house buyers to see your living room in the worst possible light.
Not only will they not like it, but they won’t be able to visualize the property in a good way. All they’ll see is a mess and they won’t want to have anything to do with it.
Not Taking Professional Photos
This is a two-party problem that everyone should avoid. First off, photos are very important when creating the listing. The listing is what potential buyers see before they decide to come in for a closer look. If you don’t have a professional camera or a good enough smartphone camera, then you’ll face the same problem we explained in the previous point.
You want to portrait your house in the best possible light. That doesn’t only mean arranging the furniture in a way that appeals to buyers. It also means taking good photos of the house. But even if you do have a good enough camera, do you even know how to take professional photos?
The second part of the problem is what makes it more difficult. Going FSBO means doing everything yourself. It means pricing the house yourself, taking care of paperwork yourself, and of course, taking professional photos yourself. So if you don’t know how to take professional photos, you will be making a big mistake.
To avoid that mistake, go with a real estate agent that will take care of everything. Not only will they be in charge of pricing, paperwork, and listing the property, but they’ll also take photos. And these are professionals who know how to take professional photos.
Not Being Energy Efficient
We can look at certain things that help us sell our house much faster. These things also can attract more buyers. A clear example of that is an energy-efficient home. Energy efficiency is a trend in real estate that won’t go away any time soon.
An energy-efficient home is one with proper insulation. The home will also include many features that protect the environment and save energy. This will ultimately impact the energy bill, making it a great investment. Examples of energy-efficient features include new windows and doors, a tankless water heater, proper insulation, energy-efficient lighting, and more.
If your home doesn’t have some of these features, then you might have a difficult time selling it.