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Seller Beware: 5 Mistakes to Avoid When Selling Your Home

By Malcolm Rivers

Choosing the Wrong Agent

Choosing an agent is a very important part of the process of selling your home. The bases for choosing an agent should be their credentials, history and reputation locally. Choosing a realtor based on a personal relationship could be a financially hazardous proposition. When considering a realtor remember that this is someone in whose hands you're placing a very significant investment of time, money and energy so choosing wisely is of the utmost importance. Make sure to carefully consider with whom to place your business because selling your home can be one of the most financially significant endeavors which you and your family will undertake and a good realtor with sound qualifications, experience and credentials can make a huge difference and determine the outcome.

Impulsive Decision Making

When selling your house, as in any financial transaction or other major decision, controlling your emotions and reactions is paramount. Impulsively making decisions, whether in choosing a realtor or in choosing to sell at a particular price, is always poor strategy. When engaging in such important interactions, careful consideration is the way to go. Jumping to sell at a particular listed price frequently can prevent sellers from getting the best possible price for their homes because the agents advising them are more focused on making the quick sale to get a commission rather than focused on the best sale for you. Consider that frequently an agent's commission is percentage based and an increase in pricing that could be a huge windfall for you, may not represent a significant increase in the bottom line for that agent, making getting the best price for your home less of a priority.

Poor Pricing

When pricing your home for sale, there are many factors to consider. Your location, the size of your home, the state of repair its in and many other areas of interest and concern can lift or lower the potential price range. Overestimating and underestimating your home's true value can be costly. If you underestimate the value of your home, you may miss out on potentially lucrative sales and lose out on possible profits. If you overestimate the value of your home, you will likely have significant trouble finding potential buyers which will likely prevent you from profiting in the ways that you could from the sale.

Problematic Staging

Staging your house is the process of setting your home up to look its best for potential buyers. If you stage improperly, you'll lose out on possible deals. Your house will not attract the types of buyers you want. Improperly presenting your home to those looking to make a purchase will likely diminish their interest in an otherwise viable home. The condition, maintenance and cleanliness of your home make a huge difference in how your home is perceived by buyers.

Inflexible Scheduling

In order to sell your house, people need to see it, right? It seems like a simple idea but if you are not flexible in scheduling viewings for your property, it will be very difficult for buyers to get interested in your home, diminishing the likelihood of finding buyers and getting the best price for your home. Being flexible about when buyers can come to see your will make buyers more likely to see your home and thus more likely to have the chance to be inspired to buy it.

Selling your home can be difficult but rewarding, keep in mind that mistakes can be the difference between a successful sale and selling for less than optimal prices. Avoid these mistakes and do your own research to find the best way to sell your house and get the best price possible.

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