Resources
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. Thats
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. Dont be blind to flaws and needed cosmetic improvements. This
will cause overvaluing of the home, hurting its 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: Dont 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 youve
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
youll 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
shouldnt 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.
We sincerely hope these tips and ideas are of value to you. If there is any way
we can be of service, please contact our office. |
|
|