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How Can You Avoid Some Common Mistakes that Home-Sellers Make?

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By : Roby Hicks    99 or more times read
Sometimes not doing the wrong things can be just as important as doing the right things. That's also true when you put your home on the market. If you want to give yourself the best chance at selling your home, then avoid these potential mistakes:

  1. Not marketing your home effectively

    Besides setting the right price for your home, you'll also need to use some effective marketing. The Internet has exponentially increased the ways that you can market your home. However, keep in mind that some methods are more effective than others are. By using the right methods, you'll increase the likelihood of selling your home.

  2. Not hiring a real estate agent with enough experience

    Always hire an agent that has at least a moderate amount of experience. The operative word here is “moderate.” He or she doesn't necessary need multiple decades of experience. But you'll likely not want to choose a real estate agent who just got his or her license yesterday. Also, make sure to compare at least three candidates with enough experience. That will give you the best chance at finding a real estate who's the best choice for your house-selling needs. When comparing candidate agents, also learn and compare their credentials. You should also verify any listed credentials.

  3. Not doing repairs that your home needs

    Many homeowners assume that they must spend big bucks repairing their home, before putting it on the market. You don't necessary need to do that. But you should certainly consider doing some basic home improvements, such as repainting the inside or outside, repairing and replacing broken pipes, and adding new flooring or carpeting. Also, while the market value of your home is important, you should also consider how much curb appeal it is. What's the first impression that shoppers will get?

  4. Setting your price too high enough

    According to industry experts, this can actually be one of the most critical mistakes that you can make when putting a property on the market. Today's consumers are more knowledgeable than ever, so they'll likely know the approximate market value of your home. Always consider several factors in order to learn the actual market value of your house. If homeowners know your home's market value and determine that the asking price is too high, then they'll likely make a rock-bottom offer. You probably won't be too pleased with such an offer, which would end any negotiations between you and shopper.

  5. Not setting the price high enough

    While you may need to set your price lower than its market value, you'll want to avoid setting it significantly lower than it. As when selling anything else, it's important to maximize your profits whenever possible. You can accomplish that goal by selling your home higher than its market value. The catch is that you'll first need to know approximately what the market value is! That process is just as much of an art as it is a science.

If you want to give yourself the best chance to sell your home, then avoid the above goof-ups.
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