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Common Selling Mistakes

Putting your house on the market for sale can be very thrilling and exciting but it is also a mental, physical and emotional experience that goes on for weeks or months. Before you get too excited about seeing the “Sold” sign out on your lawn there are several common mistakes that you must try to avoid:

 

Wrong Pricing on Property

Undoubtedly, pricing your home can be a tricky effort particularly when you are not updated with the right information. Every seller wants to make the most money for his or her home. And the best way to do this is NOT to list your home at an excessively high price or a low price! A high listing price will cause prospective buyers to lose interest even before they see your property. It may also lead buyers to expect more than what you have to offer. As a result, overpriced properties take an unusually long time to sell, and often end up being sold at a lower price. On the alternative, a listing price that is too low will cause buyers to feel there is something wrong with the property, or you are hiding something. In general, your property should be priced according to its fair value, taking into considerations market movement, demand, the home's location and its condition.

 

Showcasing Your Home

You want potential buyers to imagine themselves in your home. Hence, when attempting to sell your home to prospective buyers, try to make your home look as pleasant as possible. Take time to fix any visible issues such as broken windows and chipped or peeling paint. Consider staging each room.

 

Failure To Understand The Customer Mindset

Do not make the mistake of thinking that each prospective buyer is “the one” Be Patient!!! It will help you to survive the home-selling process. Not every person visiting your home will bid. There will be some lookers who will only be interested to window shop, especially during an open house. Many buyers who are not accompanied by a realtor are often 6-9 months away from buying, and are only interested in seeing what is out there than actually making a purchase. There may also be people who just want to get a sense of the area, perhaps because they’re interested in a nearby home. Or maybe they want perfection and will look at 50 homes—and not buy anything.

 

Going For A Wrong Realtor

Selling your home is one of the largest and most important financial transactions of your life. It’s important you choose someone who makes you feel comfortable and confident about the decisions you make. Team AJ Lamba understands seller anxiety and are more than happy to provide you with all the information you seek. If you want to make your selling experience the best, it is very important that you select the best agent for yourself.

 

Improper Advertising

Marketing & Advertising is a very important tool when it comes to selling a home. The majority of buyers nowadays first turn to the internet in search for a new home. To appeal to the wide audience, it is essential to use the most innovative marketing methods. Your realtor should employ a wide variety of marketing techniques such as social media marketing and blogging to get the word out about your property.

 

Ignoring The Fine Print

What if you have misjudged your realtor or perhaps the realtor has other priorities on his or her mind. In that case, you should have the right to fire your agent. Also, you should have the right to select another agent of your choice. In order to take control over the situation, you got to find time to read all the fine print on the contract of sale. Also, you should be aware of your responsibilities well before signing the contract. For example: Can the property be sold "as is"? How will deed restrictions and local zoning laws affect your transaction? Not knowing the answers to these questions could end up costing you a considerable amount of money.

Be sure that you read through the full contract thoroughly, going through it with a solicitor before you make up your mind to sign anything.

 

Over Capitalization

We all wish to incorporate the latest trendy technology in our homes. But, spending too much on renovations could backfire, and you may never be able to recoup this investment. Remember not to go beyond your limit when upgrading your home. When making renovations try to stay in-line with your neighboring houses that is likely to become your competition in future years. Interior design is definitely important, but don’t go to the extreme in customizing.

 

LIST WITH US TODAY!!! Team AJ Lamba works for you every step of the way! Combination of skill, experience, and technology ensures that Team AJ Lamba can sell your home for the highest possible price and in the shortest period of time. We have the tools to meet the demands of a highly competitive, modern market. CONTACT US AT 905-502-9944 for any questions on selling your property.