The home selling process is complex. Though there’s a basic home-selling formula, all homes and homeowners are different. Your home and your circumstances will play a major role in how you go about selling your house.
Unfortunately, people don’t know this and the lack of knowledge can result in a lot of home selling mistakes. We want to help you learn from other home sellers so that you might avoid their mistakes.
Keep reading for a list of what not to do when selling your home if you want to sell it quickly, efficiently, and for the most money possible.
1. Not Knowing the Condition of Your Home
Home sellers must have an intimate knowledge of the condition of their home before placing it on the market. If you don’t know what kind of shape your house is in, you won’t be able to value it accurately.
Just as importantly, you need to know your home’s condition to avoid any unpleasant surprises or delays in the home selling process. For example, if a major issue is uncovered once you have an offer on the table, several things can happen. The buyer could:
- Back out entirely
- Use the issue as leverage to low-ball their offer
- Demand repairs (which could add weeks to the process)
It’s best to know about these things before listing your home. You can then make repairs or list the home as-is.
2. Not Knowing the Value of Your Home
Many home sellers don’t have any idea how much their home is worth. They look on Zillow and get a rough estimate but these figures don’t account for everything. For example, the condition of your home won’t be reflected by the online estimation.
We recommend doing a comparative market analysis or getting an official appraisal. This will tell you exactly what your home is worth in the current market.
3. Not Accounting for All the Costs
Failing to recognize the costs of selling a home is one of the biggest real estate mistakes made by home sellers. To sell your home traditionally, it’s going to cost you thousands of dollars. Here’s a quick breakdown of your probable costs:
- Realtor fees (3%-6% commission)
- Repairs and renovations
- Appraisal fees
- Inspection fees
- Staging fees
- Closing costs (3% of home value)
If you’re not prepared for these costs or can’t pay for them, you might have a hard time selling your home.
4. Not Knowing Your Home Selling Options
This leads us to an important question. What can home sellers do if they want to sell their house without paying for all these services, renovations, and fees? For that matter, what if your home is distressed and you want to sell it as-is?
Don’t make the home selling mistake of not knowing your options. There are cash home buyers like us who will buy your home no matter what condition it’s in. We’ll give you a cash offer for your house that you can take or leave.
The best part is that we can close in just a matter of days.
Are You Making the Common Mistakes of Home Sellers?
If you’re getting ready to sell your home, make sure you avoid the mistakes listed above. Learn from other home sellers to expedite the process and reduce your stress.
And if you need to sell your home quickly or don’t have the money to make repairs and renovations, we’re here for you. Whether you need to stop the bank from foreclosing on your home or your house needs a lot of work, we’ll give you a free cash offer with no obligations.