Seller Mistakes

estate agents and home selling and house price

Critical Home Selling Mistakes and How to Avoid Them

By Kay Pascale

Selling your home is one of the most important life-changing decisions you’ll make. Moreover, it’s both personal and financial, and the stress of the home-selling process can leave you open to some critical, and costly mistakes. This includes putting your house price too high! Here are a few common mistakes and how to avoid them.

Choosing the Wrong Real Estate Agents

The second most ill-advised choice, beyond trying to sell your own house, is the wrong choice of estate agents. As a result, properly-vetted estate agents, with proven home-selling experience, can help you with many of the costly legal requirements of property transfer as well as avoid the myriad of pitfalls of a poorly marketed home. Therefore, consult several local estate agents and ask each how they would market your home. Also, ask for a comparative marketing analysis that would give you the values of houses in your area.

Poor Staging

Part of successful home selling is the attractive staging of the property. In addition, decluttering your home will allow the potential buyer to visualize themselves in the home. Putting your extra clutter from the garage, attic, and even some of the main rooms of your home in storage will make your home feel more spacious to the buyer.

Small Upgrades are Necessary with Home Selling

In addition, small upgrades like fresh paint and house repairs are home-selling requirements to secure the best price for your home. The basics of home maintenance give the buyer confidence in your home as their choice. Also, keeping your house picture-perfect and ready at a moment’s notice for a showing can greatly improve the likelihood of a successful and quick sale. A well-staged house ready for viewing will get the most potential buyers for your home.

Pricing Your House Too High is a Home-Selling Mistake

Pricing your home too high is one of the costliest and most time-consuming home-selling mistakes. Too high a price can turn off buyers and delay the sale of your home. As a result, each subsequent lowering of your house price will put you in a more vulnerable position in negotiating an optimum sale price.

Not Giving a 90-Day Notice

One of the legal pitfalls that good estate agents can help you avoid is not giving a 90-day notice of cancellation to the bank. This is a costly mistake since it results in a penalty of 1% on the remaining balance on your bond for the full 90 days.

Cancellation Notice of Your Bond – A Home Selling Mistake Often Made

Once you give a cancellation notice on the bond, your bank will freeze the funds. Therefore, if you need those funds for a down payment, it could jeopardize the purchase of your new home. The cancelled bond will pay out usually in 10 weeks. Moreover, withdrawing the necessary funds for your purchase before giving a cancellation notice would avoid a costly delay.

In the End

It’s the researched choice of an experienced estate agent that will help you avoid critical and costly home-selling mistakes. Therefore, take the time to choose the right agent to give you confidence in their guidance during the sale process. When you’re ready to find your dream home, speak to an experienced agent. Experienced agents will help you sell your current house and move on to your next adventure in life.

Note: Kay Pascale is a writer on the subject of real estate and will be contributing more interesting and informative articles towards my blog.

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THE HOME DETECTIVE » staging

CONTACT ME

Inspected Once, Inspected Right!®

SEE WHERE I INSPECT IN GAUTENG!

THE HOME DETECTIVE » staging

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