Keeping Your Eye on The Prize
Selling a home can be an emotional process that is time-consuming and stressful. Some view it as an invasion of privacy and struggle with the potential criticism towards their home. From haggling over the list price to drafting up the correct paperwork, selling a home is not easy.
At Oak City Properties, we have been selling and buying homes for years. We have experienced the complex and emotional transactions people go through when selling their home. This article takes into consideration those high emotions and outlines the “Top 5 Mistakes” to avoid when selling your home.
Keep Your Emotions Balanced
Selling your home is an emotional rollercoaster that can lead to mistakes. While you have grown to love your current home, it is best to keep everything in perspective and stay focused on the end goal — getting the best price for your home. Getting out of the emotional perspective and embracing the financial side of the endeavor is one way to keep your emotions in check. Try to focus less on personal relationships with your home and more on getting the best deal, so you walk away happy (and with money in the bank).
Hire an Agent
Even though a real estate agent charges a 5-6% commission, it is still wise to hire a professional to help with the sale of your home. A quality agent will have your best interest in mind and help to set a fair price for the market. Your agent will be a buffer between you and a potential buyer and do most, if not all, of the interaction with the buyer’s agent. A selling agent will also help to bring qualified and interested buyers to your home and weed out those who are not 100% interested or committed. An agent will negotiate the home’s sale and all the paperwork associated with the sale of the home. Bottom line, don’t let the idea of “giving-up” 5% of your home’s sale cloud your judgment and possibly forego your number one advocate when selling your home.
Want more information on hiring an agent? Take a look at the following blog
Set a Realistic Home Price
Whether you hire an agent or not, the key to selling your home is to price the property correctly. Many homeowners make the mistake of overpricing their home and not letting the market set the price. It is essential to set a price that will attract buyers and still leave some room for negotiation. Make sure to pull the comparable sales (comps) in your area and gauge how your house stacks up to the competition. Think about the amenities provided by your neighborhood and area, the overall condition of your home, and any updates you may have done over the years. Once you have analyzed the market, set a price that is fair, and will get people through the front door.
Prepare Your Home
One of the biggest mistakes when selling your home is to not get your property ready for sale. When preparing your home, make sure to
- Clean the home completely from top to bottom
- Remove all personal belongings that make your home “yours”
- Declutter rooms to make them feel bigger and more open
- Make the rooms feel bright and airy
Want to learn more about “staging” your home for a potential buyer? Take a look at the following blogs for more inspiration
Take Quality Photos
Don’t make the mistake of foregoing the professional photographer and missing out on a potential buyer because your home doesn’t show well online. It is worth your time to take quality photos that make a person want to come through your front door. In a world of instant and continuous data, most homebuyers complete a ton of upfront research on a potential home before they even think about setting foot on the property.
Take a look at the following blog on how to create a virtual tour of your home,
At Oak City Properties, we have been helping those in the Raleigh area purchase and sell homes for years! Whether you are a family trying to sell your home or a landlord wanting to downsize your rental portfolio, our full-service property management company is here to help.
Want to read more about property management services? Here are a few blogs that may interest you:
- What to Expect from a Property Management Company?
- 7 Benefits of Using a Property Management Service
- Do You Need A Property Management Company?
- How a Property Management Company Can Help with a Vacant Rental
Want to Read More
Take a look at the following blogs to get more information about selling and staging your home.