Looking to Sell Your Home? Here are 5 Mistakes to Avoid

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If you are looking to sell your home, chances are you are trying to do so fast and for the best possible price. The truth is, right now the market is very strong for sellers. However, there are still some things you need to consider in order to be the most successful at selling your home. Keep reading to find out the top 5 mistakes you should avoid when trying to sell your home.

Mistake #1- Hiring the wrong agent (or not hiring one at all!)

Working with a trusted real estate agent is crucial in order to have the best experience selling your home. A good agent will market your property, show it, and expose it to the biggest pool of potential buyers. In addition, they will guide you through every step of the way, and will even help you find a new home to move into once your home sells.

Because nowadays there are so many tools available to sell a home, a lot of sellers opt to not hire a realtor. This is a huge mistake!! Working with a realtor will make it a lot easier to navigate through the home-selling process.

Mistake #2- Setting an unrealistic price

If you work with the right agent, they will help you set a price that is fair and competitive within the market. Setting an unrealistic price will only drive potential buyers away. If you are trying to sell your home in a timely manner, you need to do a lot of market research and figure out how much is a fair price for the home you are trying to sell (your agent will help you with this process). Going against what your agent suggests based on the market is a huge mistake that can hinder the pace at which your home sells.

Mistake #3- Having bad listing photos

A picture is worth more than a thousand words! Nowadays, a lot of buyers have opted to purchase homes sight-unseen. Therefore, now more than ever, it is extremely important for sellers to invest in good listing photos. Adding photos that look ugly and unprofessional might end up driving potential leads away. Avoid this mistake by taking quality pictures, or hiring a professional.

Mistake #4- Hiding major problems

If the home you are trying to sell has major problems, don’t hide them. Any major problems that you fail to discuss will most likely show up during the inspection. Therefore, it is better to either fix the problems before you start the process of selling, or price the property taking the issues into account. A lot of buyers are looking for a turn-key property, so if you are trying to sell fast, fixing the problems beforehand might be the best option for you.

Mistake #5- Selling to unqualified buyers

This is another huge reason why working with an experienced agent is crucial. When getting offers, make sure to always require a pre-approval letter from a mortgage lender or proof of funds(POF) for cash purchases. These documents will show you that the buyers can actually afford the home. Overlooking this step could potentially harm the entire process if a deal falls through because the buyer cannot actually afford to buy the property.