Pricing the house
every house seller wants to get the most amount of money for his house. Listing too high is one of the most common mistakes. Listings reach most of the potential buyers as soon as they get listed, especially if those buyers are in an agency agreement with a Real Estate Professional. If your property is dismissed as being overpriced early on, it can result in later price reductions. Overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price than they likely would have if they were priced properly at the beginning.
Failing to showcase your property
When attempting to sell your home to prospective buyers, do not forget to clean, organize, clutter free and make your home look as tidy and pleasant as possible. Make necessary repairs. Make sure everything functions and limit the squeaky noise.
Re-finance appraisals vs market value
Lenders often estimate the value of your property higher than it actually is worth to encourage re-financing. Your best bet is to ask your real estate agent for the most recent information regarding property sales in your community. This will give you an up-to-date (CMA) and factually accurate estimate of your property value.
Let the agent do his/her job
Do not try to do the real estate agent’s job. Let the agent talk and don’t say anything and if you were asked, try to be very brief and to the point. Allow prospective buyers to comfortably examine your property, be friendly and hospitable, point out unnoticed amenities.
Signing the contract
Choose a real estate a gent that you can trust and who is going to work for you. If things don’t work out between you and your agent, you should have the right to fire him/her and you have the right to choose another agent or even another brokerage.
Trying to sell to lookers
Window shoppers, who are not with an agent, are not ready yet and they are just feeling the market. They are still six to nine month down the road from buying, or sometimes they are looking to know how to price their house. your agent should be able to filter and qualify the serious buyers from the window shoppers.
Know your rights & responsibilities
It is important that you understand the details of your real estate contract. Real estate contracts are legally binding documents, and they can often be complex and confusing. Not being aware of the terms and conditions in the contract could cost you thousands for repairs and inspections. Know what you are responsible for before signing any contract.