Selling your home can be a real challenge; a unique process compared to buying a home or any other real estate transaction. It can be hard to know what to do and how to progress in the proper manner; it is for that reason that having an experienced real estate agent can make all the difference. We’ve put together a few hot button items to help you steer clear of some of the most common pitfalls when selling your home, but of
course always recommend working with a professional.
Make Sure the Time is Right
Don’t sell before you’re ready. Don’t sell before the market is ready. Don’t sell before the house is ready. Only you can know whether the time is right for you, your REALTOR® should know if the market is good, but you can do a lot on your own make sure the home is ready. Take care of any repairs that are outstanding, especially if they are major, to insure the best return on your investment.
Don’t Over Improve
What you consider an improvement might not be to the taste of the new owner; not all home improvements are the same either – some can return more or less when it comes to monetary value on return. You may love your new bright pink lady lair, but that coat of paint could cost you the sale if potential buyers aren’t so hot on that style. Lastly, if the improvements you choose are costly you may not recover their cost even if you do end up selling the home.
Don’t Play Hide And Seek
Selling a home is much like any other business, it needs to be based on trust and honesty. Considering that, don’t hide any details about your home or your finances that could pop up as potential pitfalls later on. Some less than desirable details about your house may be ill received, and even cost you a buyer or two, but that’s nothing compared to the fallout of having to deal with outraged buyers or even charges of fraud after the fact.
Selling a home is a process, with a lot of money at stake, and it’s never a good idea to rush into ventures of that nature. Take time to plan not only your sale itself but the steps leading up to the sale – preparing the home, talking to the kids about the move, packing your home, and a myriad of other details. Don’t rush into thing, make sure the agent you choose is a good match for you and also knows the market. A little patience
can go a long way and even in a fast moving market it takes time for the sale itself to be processed.