Big Mistakes to Avoid When Selling Your Home

When it comes time to sell a home, many homeowners often underestimate the true costs that can add up when the property sits unsold. 

Time is money and every seller needs to consider this.  For example, the seller wants to sell their home for $500,000 in April and, by May, the Agent suggests lowering the asking price to $475,000 but the seller refuses.  Now, let's assume the monthly payment on the property is $5-$6K per month (including mortgage, insurance and taxes) and it doesn't sell for six months.  By September, the seller has now spent over $30,000.  This means the seller could have lowered the asking price back in May for a faster sell after all to save the loss of money.

Sellers make three common mistakes when selling their properties time and time again.  Therefore, I'd like to share some tips and advice to help you avoid those big selling mistakes and help sell your home fast.

·         Work with a professional real estate agent with a good track record for selling homes in your price range.

·         Research the home sells in your area to find the sale that is closest to your property.  If working with a professional real estate agent, they will do this for you.  Price your property at least 5% below the last comparable sale within the last three months prior to selling your home.

·         Make sure your home is presentable when it comes time to put it on the market.  Seek the advice of a professional stager to get the most out of the sale.  Many homeowners are now turning to professional stagers for fast sales.

These tips will help you avoid the most common mistakes when it comes time to sell your home and get it ready for the market.  DIY TV also has great how-to shows and tips on their website for homeowners on a budget who need to do things themselves.  Check them out.  There's lots of inspiration for fixing up a home.

Realtor ~  Lake Havasu City Real Estate

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