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Sell Your Home at the Highest Possible Price
Making a mistake in selling a home can cost you hundreds or thousands of
dollars in lost profit. Often home sellers make the same mistakes over
and over. Avoiding these mistakes is easy and takes little time and
effort on your part. Take the time with your home sale and follow the
guidelines in this report.
1. Distress
Selling: At
times, selling quickly is unavoidable. That’s when knowing the right
techniques to sell your home without looking desperate and making
yourself a target for low bidders really pays off. Know all there is to
know about the market before listing and work hand in hand with the
right real estate professional. Ensure that you are not settling for the
first offer through the door.
2. Best Home in
the Neighborhood:
Your home is one of your most personal possessions. Don’t be blind to
flaws and needed cosmetic improvements. This will cause overvaluing of
the home, hurting it’s chances to be sold. Listing with the right agent
gives you a well informed third eye that will help you price your home
at a fair market price.
3. Limited Home
Viewing: Buyers
want to view a home on their own time schedule. Unfortunately their time
schedule does not always coincide with your time schedule. Leave a
lockbox or key with your agent so your home can be shown when you are
not around. You never know if the one who got away was your buyer.
4. Restrain
Emotional Decisions:
Don’t allow a
few hundred dollars to ruin a sale. That money will mean very little to
you in the long run. Take a look at the big picture and react
rationally. Use sound business judgment!
5. Make Cosmetic
Improvements:
Prospects make up their minds within the first twenty minutes. First
impressions can make all the difference in selling your home. Spending
$1,200 on new carpet might add another $4,000 to the price of your home.
Get an objective point of view from your real estate professional. They
can provide you with a list of items that will maximize the profit of
your home sale.
6. Disclose
Property Flaws:
Property disclosure laws require sellers to list any flaws required by
your state. If you are unaware of flaws or attempt to cover them up, you
risk losing the sale and finding yourself in court. Get professional
assistance from your agent who can introduce you to qualified inspectors
and ensure the smooth sale of your home.
7. For Sale By
Owner: Most
homeowners who decide to sell their own home do so because they believe
they can save the commission paid to the real estate agent. Everything
has a price and selling a home carries a high one. The enormous amount
of time and effort required to sell a home often surprises the "For Sale
By Owner." Furthermore, many costly mistakes can be avoided with the
right guidance.
8. Refusing to
Trust Your Agent:
Would you tell a physician that you’ve decided to run your own tests and
come to your own diagnosis? By choosing the right Realtor, you can relax
and trust their judgment. The right agent is a valuable team member who
will protect your best interests and make your sale as profitable as
possible.
9. Know Your
Market: Most
homes that do not sell in their first listing period are priced too
high. Conversely, most homes that sell quickly are priced too low and
cheat the homeowner out of profits. You need to understand the market
and evaluate the value of your home based on fact, not gut instinct or
conventional wisdom. A professional agent knows the market, just as you
know the market for your business.
10. Choosing a
Realtor Based on Personal Relationships:
Home sellers often pick a friend or family member as their agent. Choose
an agent with a strong track record and aggressive Marketing Plan. A top
producer knows the market well and can generate many buyers. Selling
your home is one of the most important decisions you’ll ever make! Base
it on good, sound business sense and the rewards will add up.
Before you make one of your most important decisions regarding your home
sale shouldn’t you become as informed as possible? By aligning yourself
with a top agent you ensure that all the important issues and seemingly
insignificant but....very important....details are handled
professionally. Your home sale should not be a grueling ordeal. The more
informed you are, the better chance you have of making a sound business
decision.
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