Making the worst home selling mistakes is something that the average person can do, or can be led to do in a variety of ways. Sometimes, your real estate agent could be the one that will lead you down the wrong path. So before you choose an agent, you need to interview them and choose the right one for the job. Instead of having their best interest in mind, they should have yours! Let’s now look at some home selling mistakes that you should never make.
The state in which you land in when your home doesn’t sell could be that of many. What most sellers do is fail to take significant action when their listing is close to expiring. Your agent may not be aware of the complications of letting the listing lapse. This could result when your realtor is too busy to pay attention to your listing. When you are unyielding when it comes to the reduction of the price you are asking; your home will probably not sell. You may get great response if you lower the asking price of the home after having it listed for awhile. If you decide that you will simply not take less than you are asking; you are likely going to lose possible purchasers. Nobody who wants to sell their home should settle for the first real estate agent they talk with. You need to gauge the experience of the agents you talk to and you can best do that by talking to a variety of different agents.
During the course of each interview, make sure you discuss the possible listing price for your home. Naturally, you want the sale price of your home to be as high as possible. Unfortunately, pricing your home too high is a mistake that both you and your agent can be guilty of. There is a compromise between the highest and lowest prices you can list your home for, and this determines how fast your home will sell. The people who will be looking at your home – potential buyers – aren’t ignorant and have probably been shopping around for a while and will be familiar with the local market prices. If your home is priced higher than comparable properties, you will find it difficult to sell.
Avoid being greedy with your real estate agent in terms of their compensation or commission. The commission structure is included in the listing agreement. It’s an easy matter to check with others and discover what the normal commission is for selling a home in your area. Compare what you find is the norm locally with what the agent has put on the listing form. If you are comfortable with your agent, ask them what the average commission is and how it compares to what they put on the listing agreement. Give this some serious thought. If you offer them less money to sell your home, they will do less work to sell it. Your agent will not have much incentive to work hard to bring buyers to show your home.
If you’re serious about selling your home, keep this advice in mind as it just makes good sense. Keeping yourself up to date on the aspects of selling your home is the best way to avoid making the worst mistakes that can sabotage your sell. This is especially critical if your agent is new to real estate and has little practical knowledge or experience. In any event, don’t leave everything in the hands of a real estate agent. Be aware of what’s happening at all times.