Selling Your House
One of the most important life decisions involves buying and selling your house. Over time, you have developed an attachment and reverence for your house that makes it very hard to let go and sell your house. We have gone through things you can do to sell your home quickly and efficiently and challenges you may face. However, let’s touch base on what NOT to do when selling your house!
Don’t Overprice Your House
It is very tempting to list your price a bit higher than you should to make more of a profit. The key to getting a house sold is to price the home for what it is worth instead of what you hope to profit. Remember that many buyers are searching for new houses online. The critical search parameters used include location and price. If your price is above what they are comfortable with, your home will never be seen by those that can pay what the house is worth, not what you are hoping to net. Keep this in mind when pricing your home. Additionally, buyers who see a house overpriced may still glance at it because they do not want to deal with further haggling. If your house price is unrealistic, buyers may wonder what other things about the house are also unrealistic. When pricing your home, focus on comparable homes in your neighborhood and be realistic.
As previously mentioned, homeowners have grown fond of their house and the memories made over time. It is easy to become emotionally involved when selling your home. Remember to keep this in the back of your head when selling. Take a step back and look at the house objectively from a buyer’s perspective. Be able to identify things that are wrong with the house to understand a buyer’s offer. See what the buyers see, and that will help you identify any possible flaws and negotiate reasonably with a buyer who is ready to make their memories and experiences in this home.
Consider All Offers
You may see some pretty low-ball offers. Take into consideration that many buyers are giving themselves room to negotiate when they submit their first offer. Be prepared to hear all of your offers and be ready to counteroffer and justify your reasons why your home is priced where it is. Furthermore, you should be prepared to hear the buyer’s justifications for their offers.