Selling Your First Home? 3 Mistakes To Avoid
Posted on: 30 August 2017
The purchase of your first home can be an overwhelming, yet exciting, process. However, these overwhelming feelings will continue when it comes time to sell your first home. Unfortunately, most homeowners are not truly prepared for the process of selling their first property. By avoiding these common mistakes, you can sell your first home in an efficient and profitable manner.
Underestimating the Importance of Updates
You probably believe your home is perfect and it just might be, but some updates may still be necessary to attract the interest of more buyers.
Spend time washing your home's exterior siding, driveway, walkways, and outdoor living surfaces even if they appear clean. Pressure washing can remove dirt, dust, and mold that you do not even realize is there. It can also brighten up the color of your siding, shutters, trim, and other outdoor surfaces.
Trim away overgrown landscaping, as well. Remove dead flowers, shrubs, and trees to make your landscape more appealing.
Also, make sure to reseed, fertilize, and apply weed control to your lawn a few months before listing your home for sale. Ensuring your lawn is green and healthy is an affordable way to improve curb appeal. While shocking to hear, improving your lawn can earn you an estimated 303 percent return on investment.
Declutter the inside of your home to make rooms look clean and feel larger. If necessary, rent a storage unit to store away furniture and boxes until you move.
Overpricing For the Market
Again, you most likely believe your home is perfect, but overestimating the value can lead to your property sitting on the market for a long time. The longer your home sits on the market, the less desirable it will be. This can lead to selling your home for lower than market value.
Ask your real estate agent to complete a market analysis to determine the market value of your home. Your agent will compare your house to similar properties in the neighborhood to determine a proper price.
If you want to sell your home in a timely manner, do not allow your emotions to get in the way of this process.
Denying Open Houses and Showings
The process of showing your home can be tedious and stressful. Potential buyers may want to look at your home at the worst possible times including Sunday afternoon when you are doing laundry or immediately after work when you want to relax.
Denying open houses and showings can be risky because you may be saying no to a potential offer. Consider each showing and open house an opportunity to sell.
Selling your first home does not have to be a long, stressful process. This guide and your agent's help will ensure you do not make costly mistakes. For more information, contact companies like Real Living Craig Realty.
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