Selling a house is a complex process that requires heedful considerations and planning extensively. It involves several steps that need to be carried out diligently for the transaction to be successful.
The stages a home buyer goes through are:
· preparing for the sale,
· making necessary repairs,
· finding the perfect buyer,
· closing the deal,
· and finally, moving into a new place.
In this whole process, even a single mistake can become costly.
Keep reading to find out the most costly house selling mistakes you need to avoid.
1. Getting Emotionally Involved
We know how hard it is to sell a home you’ve made so many precious memories in; it’s easier said than done, but you need to detach yourself emotionally when selling your house. Instead of thinking of yourself as a homeowner, consider yourself a businessperson who’s making a business deal; doing so might help you distance your emotions from the process.
2. Underestimating the Costs of Selling
Agent commissions, repairs and replacement, closing costs and concessions to the buyer put together makes up the cost of selling; it can easily reach up to 10% of the sale price. When planning to sell a house, make sure can bear the costs.
3. Asking For an Unrealistic Price
When selling a house, price it right! Conduct market research, survey similar houses and consult real estate agents Camp Hill to find out the best deal you can get. Asking for too much or too little, both are problematic, as you might end up having your property of the market for a really long time or you might risk leaving money on the table. In both instances, you’ll be facing considerable financial loss.
4. Neglecting Repairs
Preparing your home for sale is extremely important! Hire a cleaning company to make sure it’s in squeaky clean and looks attractive and desirable. Failing to make necessary repairs and replacements can ruin the first impression a potential buyer might have of your house. It can also impact the value of your property negatively.
5. Not Hiring a Real Estate Agent
Real estate agents are professionals experienced in buying and selling properties at the best deals possible. They’re knowledgeable about the market, know exactly how to market your property and have access to potential buyers. Not hiring a real estate agent when sell your home fast in Camp Hill is the most costly mistake you can make.
If you’re in Pennsylvania, get in touch with Smith Top Team.
We’re a top listed, award-winning agency with more than 40 years of experience in the real estate scene in Central Pennsylvania—Dillsburg, New Cumberland, Etters, Lemoyne and other areas.
For a free consultation, contact us today!