1. IT’S OVERPRICED!
To be clear, an overpriced home is the #1 reason a home won’t sell. We often times want our homes to be worth a lot more than we may see based on the data, but if you put your home on the market for the number you wish it will bring instead of the price it actually needs to be, your home can sit on the market for months without getting a single showing. If you’re thinking you need to price high to leave room for negotiations, statistics show that views for your property, for buyers in your price range, can drop a whopping 90% if it’s priced too high. Discuss with your agent what the market says the value of your home is, then price it competitively to potentially get a bidding frenzy instead of low offers or having it expire.
2. IT IS TOO HARD TO GET A SHOWING APPOINTMENT!
You may WANT your home sold, but the actual process can be daunting. Your motivation to allow showings may become hard er to find, when your agent starts calling to make appointments. Making sure the house is clean and having to leave on a daily basis for buyers to tour the home may get a little overwhelming, but it is crucial to have open availability to have your home shown. You could end up missing out on the perfect buyer if you decline too many showings. The longer it sits on the market, the less value buyers will see in it. Talk with your agent about having a 24 hour notice period if the extra time is needed, but make sure your home is available to be shown as often as possible.
3. CLUTTERED SPACE or OVERWHELMING DECOR
It is critical that you use an agent that will be honest with you about creating a stragety that will show your home in the best way possible! Buyers want to walk into a house and envision their lives in that home. This is difficult to do if your home is cluttered with personal belongings. They are instantly given the feeling of invading someone else’s personal space, instead of the satisfaction of being able to see a future in your home. It is also critical to address any obstacles including odors and pets. Make sure your property is clutter free & clean before putting it on the market.
4. UNWILLING TO MAKE REPAIRS
Selling your home as-is may sound appealing at first, but being unwilling to make repairs could cost another mortgage payment that far exceeds the cost of repairs if you don’t take care of repairs before putting your house on the market or if you refuse to work with the buyer on their requests and the home goes back on the market again. It’s wise to be open to repair requests, and simply go over with your agent what you can afford to do and make a reasonable counter offer during the repair negotiations.
5. UNWILLING TO NEGOTIATE WITH BUYERS
It’s important to have an open mind about requests that will come from buyers when it comes to purchasing your home. These requests can come in the form of price negotiations, repair requests, or even requests to cover closing costs or home warranties. With your agent on your side advising you of the best steps to take, it’s best to be open to working with the buyer’s on some of their requests to ensure a successful closing.
If you are considering placing your home on the market please considering talking with one of our #SuccessStories agents to learn how you can avoid these 5 mistakes and how we can help you from day one. You can reach our office at 706-543-1553!
