Selling your home?
There are three common ways home sellers often lose money when they sell their homes. Some of these issues can be easily resolved, while others may require professional help. The three areas to address include over-pricing, listing with multiple agents and not listening to your real estate agent’s advice.
You want to sell your home in the quickest amount of time and make more money from the sale. To get this right, you need to start with the end in mind; and get it right the first time around.
How to sell my home for the best price?
You may love your home. And to you, it’s worth its weight in gold. But to the market, it’s an apple vs apple scenario: which means buyers are comparing your property with other similar-priced homes in your area.
When you overprice your home, you are automatically reducing the number of potential buyers who will even see your listing (due to people searching within a specific price bracket).
In a hot market, this may not be as big of an issue, but in a slower market, it could mean that your home sits on the market for longer than necessary. And when your home sits on the market for longer than it should, it gets stale and interest quickly wanes.
A good way to get the price right first time, is to get a valuation by an area expert who knows how your property would compare with other homes that have recently sold and that are currently on the market.
How to make more money on my home sale?
From the outset it may seem like a logical idea to list with multiple agents at the same time. After all, more agents working on your home mean more eyeballs on your listing. But this couldn’t be further from the truth.
When more than one agent works on your listing, they only have one method to attract buyers: they compete on price. And a house listed at different prices causes buyer confusion and ends up attracting low ball offers (because you look negotiable to potential buyers).
How to sell my home quicker?
Your agent is there for you. They are working in the best interest of the seller and they know how to price homes, market your home effectively, negotiate with buyers on your behalf and address any concerns potential buyers may have; all within reason.
It’s no secret that you agent is working on commission, and that they only get paid when your home sells. So selling your home in the quickest amount of time and for the best price possible is in their interests too.
This is why you should listen to the advice and suggestions of your agent. They have a unique insight into the market and they can guide you through the selling process so that you walk away from your home sale feeling satisfied. If you don’t listen to their advise, your home might sit on the market longer than necessary, delaying you from moving onto your next phase of life.
All 3 of these reasons for losing money when selling your home are fixable: price right the first time, list with one agent and listen to your agent.
Selling your home doesn’t have to be a difficult process – with the right knowledge and guidance, you can sell your home quicker and for the best price!
If you’re looking to sell your home, why not start by finding out what it’s worth by getting a no-obligation desktop valuation from us today?
Simply click here to get yours today