Selling your house can be a long and tough process. It can feel like an invasion of privacy when strangers open your closets and poke around. They won’t hold back on their criticism of your home or design sense and will try to take advantage of you by offering a low price.
Quick Tips To Avoid Home Selling Disasters
You should avoid the following mistakes if you’re selling a home in Georgetown. Take a look at the mistakes.
1. Setting An Unrealistic Price
Setting the right asking price is key, whether you’re working with an agent or going it alone. Remember the comparative market analysis you or your agent did when you bought your home to determine a fair offering price? Buyers will do this for your home, too, so as a seller, you should be one step ahead of them.
Don’t worry too much about setting a price that’s on the low side because, in theory, this will generate multiple offers and bid the price up to the home’s actual market value. In fact, underpricing your home can be a strategy to create extra interest in your listing, and you can always refuse an offer that’s too low.
2. Not Preparing For The Sale
Sellers who do not clean and stage their homes throw money down the drain. If you don’t do these things, you’ll get less money for your house and might not even sell it. Suppose you haven’t addressed minor issues like a broken doorknob or dripping faucet. In that case, a potential buyer may wonder whether the house has larger, costlier issues that haven’t been addressed either.
3. Not Accommodating Buyers
If someone wants to view your house, you must accommodate them, even if it inconveniences you. Clean and tidy the house before every single visit. A buyer won’t know or care if your home was clean last week. It’s a lot of work, but stay focused on the prize.
4. Selling To Unqualified Buyers
It’s more than reasonable to expect a buyer to bring a pre-approval letter from a mortgage lender or proof of funds (POF) for cash purchases to show they have the money to buy the home. Signing a contract with a buyer may be contingent on the sale of their own property, which may put you in a serious bind if you need to close by a particular date.
5. Hiding Major Problems
Do you think you can get away with hiding major problems with your property? The inspection will uncover all sorts of issues. You have three options for dealing with any issues. Either fix the problem beforehand, price the property below market value to account for it, or list the property at a normal price and offer the buyer a credit to fix the problem.
If you don’t fix the problem in advance, you may eliminate many buyers who want a turnkey home. Inspecting your home before listing is a good idea to avoid costly surprises after the house is under contract.
Tired Of Waiting? Sell To Settlement House Buyers!
Sick of the stress and drama of selling your house the old-fashioned way? Settlement House Buyers is here to save the day! We buy houses in any shape or size, no matter how messy or broken they might be. And we can do it fast – like, really fast. There is no need for repairs, fancy staging, or those pesky real estate commissions. Get a fair cash offer today and be done with it. Give us a call, and let’s chat.