What are the Common Home Selling Mistakes to Avoid?
Selling or buying a home in South Carolina’s second largest city Charleston, situated along the low country coast of South Carolina, is a great investment. In fact, housing in most of the largest metros across the country has been rising year-over-year. Homeowners have adopted a trend of maximizing equity whenever their houses hit the real estate markets. Here are some of the most avoidable seller or buyer mistakes that any homeowner should steer clear of:
Not hiring the right agent (or any): It’s always prudent to seek a professional real estate agent’s input whenever you hit the real estate market. Selling a home by yourself takes longer and leads to settling for far less than the real worth of your property. A good agent will guide you through every step of the way until the house is sold for a good value.
Skipping the essential preparation: Deciding to sell your home is one thing, but making the necessary preparation is another. You only have one chance to make a great first impression for your property that will translate to better value, as compared to possibly miscalculating yourself into a rushed process. Prepare enough time to make the proper repairs, declutter, upgrade landscaping and possibly repaint the house before you stage it in the competitive market. Ensure that all the small cosmetic issues, water stains, stained carpets or anything that can be a red flag to potential buyers have been fully addressed. It can cost less money out of pocket to repair the house than the potential losses that you may incur if your buyers see the house in disrepair. Now, you can guess which repairs will be the most efficient, or you can find a knowledgeable agent to give you the proper information on what will really give you the most bang for your buck.
Staging with poor photos: Lousy photos will turn off your potential buyers because they don’t position your house’s best accessories properly. A well-executed marketing plan incorporates hiring a professional commercial photographer with enough experience in the real estate field to have the job done right the first time. With so many items being digital nowadays, online home buyers rely on excellent photos when selecting houses before contacting the buyer for viewing or going any further in the process. Don’t be like the thousands of sellers who use poor photos to stage their houses on the virtual online market.
Poor pricing of your home: Don’t overprice or underprice your property. Being able to decide the right price point for your home is the great difference between more money in your pocket at signing, or time (and stress) spent wasted and watching time pass. Your agent should consult with you extensively when evaluating the current market prices of similar homes that have sold in your area. Make sure you have the right knowledge and right agent that will give you the best advantage to keep more of your money.
Selling Your House Empty: A home should be well accessorized or dressed before being staged. An empty house will make your potential buyers feel just as empty. Creating space in the right locations and emphasizing the proper places can be the difference between what makes a house look authentic and homely, compared to one that highlights no emotions when a potential buyer stops by to check out their potential new home. Investing and knowing the right professional designer can give your home a look that will delight your buyers as soon as they walk in.
Negotiating poorly: To get a good win-win situation in any worthy negotiation requires that you don’t let yourself get in your own way from success. Just like in any other business transaction, an agent that knows how to play the hand right is the difference between being successful and leaving the table empty handed.
Bad timing and taxes: None of us like taxes, but the right agent will know how to sell for maximum tax benefits. An experienced real estate agent ought to know and guide you on the availability of any potential long-term capital gains tax breaks. You can also check your calendar so as to know when they apply.
Avoid these mistakes in minimizing your home selling headaches and maximizing the dollars you’ll be keeping in your bank account. You can only get a gainful house selling transaction by getting it right the first time and therefore knowing the right agents to work with.
Come learn why Justin Thomas Real Estate has the best agents to work with in Charleston.