Coldwell Banker Res Brokerage
Julia Rathkey, Coldwell Banker Res BrokeragePhone: (860) 876-6836
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Mistakes to Avoid When Selling Your Home

by Julia Rathkey 01/13/2020

Image by Mohamed Hassan from Pixabay

When it’s time to sell your home, it’s important to make sure it’s done right. Certain selling mistakes could lead to less money for your home than you wanted or other problems that make this process more complicated than it needs to be. Before you put your home on the market, keep these common home selling mistakes in mind, so you can avoid them.

Setting a Price That’s Too High

Although you’ll want to get as much as you can for your home, setting a listing price that is too high could keep buyers away. The price you set for your home should be based on different factors, such as how much similar homes have been selling for in your area or whether or not you’ve made any upgrades that boost the value of your house. Keep in mind that according to the National Association of Realtors (NAR), the typical home stayed on the market for just 3 weeks before being sold. Having a listing price that is too high could lead to a much longer time on the market for your home.

Skipping Major Repairs

If you’re eager to sell your home, you might be tempted to skip major repairs. While this saves you time and money now, it can make it much more difficult to sell your home. You might also end up having to lower your price considerably, since buyers will factor in the cost of these repairs when making their bid.

Grabbing the Highest Offer

While the highest offer might seem like the right one to take, this isn’t always the case. Buyers who are offering the highest bid might include contingencies that make their offer more costly than it seems in terms of money or time. For example, they might include a contingency that they need to sell their own home before buying yours. Rather than focusing on the highest offer, it’s better to look for the best offer, which depends on different factors, such as how soon you want to sell or how much you’re willing to include for seller credits toward repairs.

Deciding Not to Hire a Real Estate Agent

Working with a real estate agent provides you with guidance and expertise while selling your home. Your agent can help you get a better price for your home and attract potential home buyers with open houses and home staging. According to NAR, 91 percent of sellers hired real estate agents to assist them with selling their home. These sellers were able to sell their homes for 99 percent of their listing price. Choosing to sell without a real estate agent could significantly affect how long it takes to sell your home and how much you get for it.

About the Author
Author

Julia Rathkey

Hi, I'm Julia Rathkey and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you. With 9+ years of experience, I understand the market well and take pride in positioning your property for a lucrative sale or finding you a dream home. Honesty, integrity and communication are important elements of my work ethic and I will continually strive to make your real estate experience a positive one. Awarded the International Diamond Society award for sales production, I am in the top 10% of all Coldwell Banker agents worldwide, and am known for bringing buyers and sellers together.

A native of Connecticut, I am passionate about my state and share that enthusiasm with my buyers as they begin their journey, and I give great thought to finding them the perfect match. I continually work on ways to position my clients for positive results and use social media in various forms to market a home, ensuring a wide and targeted audience. Please sign up for my blog posts to learn useful tidbits about selling and buying real estate, and check out my video testimonial on YouTube or my Facebook page. You can also learn more about me on Instagram, Twitter or LinkedIn. I'm happy to answer any questions you may have so feel free to reach out!