3 Major Mistakes to Avoid When Selling a House

3 Major Mistakes to Avoid When Selling a House

0 Flares Facebook 0 Google+ 0 LinkedIn 0 Twitter 0 0 Flares ×

There are a lot of ways to succeed when selling a house, and just as many ways to fail. Selling_iStock000007385511XSmallWhen it comes to the mistakes that sellers tend to make, three specific errors reign supreme. If you’re trying to sell your real estate investment this season, make sure to avoid these three cardinal real estate sins.

1) Asking too much. While you never want to sell your house for less than it’s worth, setting your sticker price too high could leave your house on the market for months. If you think that you might be asking too much for your real estate investment, contact a real estate agent and ask them to give you their expert opinion on your property’s value. If a big sticker price is the reason you haven’t been attracting buyers, the worst thing you can do is
leave it alone.  Understanding the market and knowing how your property compares to other comparable properties is important to your listing price and the length of time your property stays on the market.  A long Days on Market (DOM) and a Reduction in price are two warning signs that may indicate to a potential buyer that something is wrong with your property and deter potential buyers from visiting your open house.

2) Advertising too little. Your house isn’t going to sell itself. In this buyer’s market, you’re going to need to do more than just hire a real estate agent and take out an ad in the paper if you want to reel in an offer. If you’re selling a house this season, then everyone should know about it. Advertise it on your social networking sites, and on major online classifieds like Craigslist. Any attention your real estate investment gets is good attention, and you will need a lot of it in order to attract the “right” buyer to sell your property quickly.

3) Not making it presentable. If you want to find a buyer for your real estate investment, you need to make sure that it looks presentable and ready to sell every time it’s shown. Vacuum the floors, paint the walls and do everything else you can to keep your house as clean as possible. Since buyers expect a home to be spotless when they walk through it, even a little bit of clutter could cost you an offer.  Ensure that you take professional photos to market your house.  Make the first impression that potential buyer’s have of your property count.

Selling a home in a buyer’s market is the ideal situation, but avoiding these three major mistakes will prevent your property from sitting on the market too long or you having to reduce your listing price.  If you’re listing your real estate investment, always remember to ask a fair price, advertise everywhere, and never present it to a potential buyer until it’s absolutely ready to “show” in it’s best condition.


Original Source:  http://www.cthomesllc.com/2011/12/3-major-mistakes-to-avoid-when-selling-a-house/#sthash.VzU7RW3o.dpuf

Oahu, Hawaii, Foreclosure, Short Sale, Cash Buyer, Hawaii, Buy Homes, Quick Sale, Distressed Seller, Veteran, Local, For Sale By Owner, Home Sale, Quick Close, HI Real Estate, Realtor

Leave a Reply

Your email address will not be published. Required fields are marked *

0 Flares Facebook 0 Google+ 0 LinkedIn 0 Twitter 0 0 Flares ×