Video: Top 5 Mistakes to Avoid When Selling Your Home
Dec 08, 2023 December 08, 2023
Want to sell your home faster and at maximum value? You’ll want to know these expert real estate tips when it comes to selling your property. Avoid these top 5 home-selling mistakes we’ve seen people make – some of which tend to go unnoticed.
If you plan to sell your home anytime soon, we highly recommend watching our exclusive video for simple strategies to help you fetch top-dollar for your property, and to sell quickly. As your expert selling agent, our top priority is to help you get the best value for your home or condo. So, we decided to share our insider tips on the top 5 mistakes that can cost you big bucks – and we sure don’t like to see sellers risk leaving easy money on the table. By being aware of these potential pitfalls and taking proactive steps to avoid them, you can position yourself as a knowledgeable seller who is committed to achieving the best results:
Here’s a quick recap of the Top 5 mistakes sellers need to avoid making, today:
— Mistake #1 – Neglecting Basic Repairs or Upgrades
Did you know that this little oversight could cost you 2-3 times its expenditure? Yes, while it might be tempting to put off that paint job or simple cabinet refresh for the new buyer to deal with, basic upgrades are what can set your home apart from the rest. This especially holds true in a 30-story condo building with five other listed condos that have the same floorplans and finishes as you.
For an easy fix, we usually recommend these simple high-value upgrades to make your unit stand out from the crowd: painting, replacing dated appliances and light fixtures, aligning all bathroom and/or kitchen cabinetry, and revamping hardware where possible. Remember, a home that looks and feels fresh will always sell faster and yield a higher offer.
Mistake #2 – Bad or No Marketing Strategy
Marketing is best left to the pros! Gambling on your marketing strategy directly impacts the days your property sits on the market before anyone turns up for a look. And remember, a listing with very high days on market is usually a red flag for buyers.
What do we recommend? Hire a bunch of professionals or, better, a single professional who has an army of pros on speed dial. An experienced real estate agent will always have a professional photographer, stager, graphic designer, social media manager, SEO specialist, writer, access to multiple marketing, and more to help your property reach the right pair of eyes.
— Mistake #3: Having a Tenant in Your Property While Trying to Sell
This simple misstep can turn into a serious faux pas. A million things could go wrong, including them being picky about show times, leaving behind a big mess, or, worst-case scenario, ruining your chances just because they don’t want to leave. In any case, we highly recommend letting your lease run its course before you list, as move-in-ready properties have the most draw and fetch the highest prices.
— Mistake #4: Not Partnering with the Best Real Estate Agent for You
Selling your home by simply turning to your previous agent or friends and family may not be enough. After all, big investments need specialists. We highly recommend hiring a selling agent and having a list of questions ready so you and your property get the best representation and value that they deserve.
— Mistake #5: Trying to Sell Your Own Home (FSBO)
While you might have the confidence to sell your own place, we do not recommend indulging unless you have the experience to match and a team of experts. Having a real estate professional in your corner can translate into a big jump in your closing price – possibly much higher than that “estimate” you found online or the money you’d pay in commissions. In short, a professional real estate agent brings a lot more to the table than just helping with the paperwork and can make all the difference when you sit down for negotiations.
Ready to close with a higher offer? Call, chat, or email us directly and an expert seller’s agent will be more than happy to assist you!