Selling a home is a major milestone in your life and whatever your motivation is, selling your home is not really an easy task. There are several steps involved, like preparing, making repairs, listing, finding a buyer, and then lastly navigating the closing process.
Mistakes in any of the process can have far-reaching consequences impacting you financially and take away your peace of mind. If you are looking for easy selling options, then you can connect with us. We buy houses in Kensington PA at good prices.
We are also familiar with the common mistakes that many people do while trying to sell their home. So, here, we have rounded up a few of such common mistakes that you should avoid at all costs while selling your home.
Underestimating the Selling Costs
There would be costs that you’ll need to bear while selling your home. The costs most people think will be 5-6% in agent commissions, but the actual cost can be more than that. When you add up the closing costs, repairing costs, concessions to the buyer, the costs can be around 10% of the selling price.
Also, if you are planning to move into your new home before selling the old one, you may have to deal with costs on renting a temporary place or paying for mortgages or other carrying costs, like taxes, or storage.
So, it’s better if you take into account all these costs that are needed and then estimate what you’ll pocket.
Some people set an unrealistic price for their property that the market won’t pay. Setting such prices can have negative consequences. Your home might have to sit for a longer period in the market and you might have to leave money on the table.
So, always have a good clean judgment about what you’re your home should value in the present market. You can have an idea of how much your home is worth by finding out at what prices other similar houses are being sold in your neighborhood.
You can also connect with a trusted real estate agent to make a valuation of your property and find out what your home is worth.
When you have lived in a home for a long time, there will be requirements for repairs. Trying to sell your home without making efforts at repairing doesn’t help. A long list of maintenance issues will only turn your buyers off.
More importantly, your buyers expect the home to be in the condition as described. So, consider making the repairs, particularly the ones that are more likely to come up during inspection. You can leave out costly renovations as you’ll not always recover the money spent. Just stick with basic repair and also clean out all personal touches.
Not Preparing Your Home for Sale
If you list your home in the market, you’ll have to show it to your prospective buyers. While doing that, make sure to keep your home as clean, clutter-free, and well-decorated as possible. Failing to do so will have a negative impact on the buyer’s minds. Remember that your buyer is trying to picture themselves living in your home and so, having the place cluttered will not help them do that.
In fact, recent studies show that staged homes sell for 20% and 88% faster than those that are not staged. Also, make sure that the exterior looks clean and attractive. First impressions matter and a clean and attractive exterior will help you sell your house faster and for a better price.
So, these are the common mistakes that you should avoid when you are trying to sell your home. If you are looking for reliable buyers, then you can contact us. We buy houses in Kensington PA at good prices. Selling your home is never easy and you should always prepare beforehand and avoid mistakes to get the best deal.