How to Sell Your Home at the Highest Possible Price
Making a mistake in selling a home can cost you hundreds
or thousands of dollars in lost profit. Often home sellers make the same
mistakes over and over. Avoiding these mistakes is easy and takes little time
and effort on your part. Take the time with your home sale and follow the
guidelines in this report.
- Distress Selling: At times, selling quickly is unavoidable. That’s
when knowing the right techniques to sell your homewithout looking desperate and
making yourself a target for low bidders really pays off. Know all there is to
know about the market before listing and work hand in hand with the right real
estate professional. Ensure that you are not settling for the first offer
through the door.
- Best Home in the Neighborhood: Your home is one of your most personal
possessions. Don’t be blind to flaws and needed cosmetic improvements. This will
cause overvaluing of the home, hurting it’s chances to be sold. Listing with the
right agent gives you a well informed third eye that will help you price your
home at a fair market price.
- Limited Home Viewing: Buyers want to view a home on their own time
schedule. Unfortunately their time schedule does not always coincide with your
time schedule. Leave a lockbox or key with your agent so your home can be shown
when you are not around. You never know if the one who got away was your buyer.
- Restrain Emotional Decisions: Don’t allow a few hundred dollarsto
ruin a sale. That money will mean very little to you in the long run. Take a
look at the big picture and react rationally. Use sound business judgment!
- Make Cosmetic Improvements: Prospects make up their minds within the
first twenty minutes. First impressions can make all the difference in selling
your home. Spending $1,200 on new carpet might add another $4,000 to the price
of your home. Get an objective point of view from your real estate professional.
They can provide you with a list of items that will maximize the profit of your
home sale.
- Disclose Property Flaws: Property disclosure laws require sellers to
list any flaws required by your state. If you are unaware of flaws or attempt to
cover them up, you risk losing the sale and finding yourself in court. Get
professional assistance from your agent who can introduce you to qualified
inspectors and ensure the smooth sale of your home.
- For Sale By Owner: Most homeowners who decide to sell their own home
do so because they believe they can save the commission paid to the real estate
agent. Everything has a price and selling a home carries a high one. The
enormous amount of time and effort required to sell a home often surprises the
"For Sale By Owner." Furthermore, many costly mistakes can be avoided with the
right guidance.
- Refusing to Trust Your Agent: Would you tell a physician that you’ve
decided to run your own tests and come to your own diagnosis? By choosing the
right Realtor, you can relax and trust their judgment. The right agent is a
valuable team member who will protect your best interests and make your sale as
profitable as possible.
- Know Your Market: Most homes that do not sell in their first listing
period are priced too high. Conversely, most homes that sell quickly are priced
too low and cheat the homeowner out of profits. You need to understand the
market and evaluate the value of your home based on fact, not gut instinct or
conventional wisdom. A professional agent knows the market, just as you know the
market for your business.
- Choosing a Realtor Based on Personal Relationships: Home sellers
often pick a friend or family member as their agent. Choose an agent with a
strong track record and aggressive Marketing Plan. A top producer knows the
market well and can generate many buyers. Selling your home is one of the most
important decisions you’ll ever make! Base it on good, sound business sense and
the rewards will add up.
Before you make one of your most important
decisions regarding your home sale shouldn’t you become as informed as possible?
By aligning yourself with a top agent you ensure that all the important issues
and seemingly insignificant but....very important....details are handled
professionally. Your home sale should not be a grueling ordeal. The more
informed you are, the better chance you have of making a sound business
decision.
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