Home Sellers Don’t Make These Top Mistakes!

Thinking about selling your home? Don’t fall victim to any of these common seller mistakes.

Guest Post by Kristina Clement Wilton

Thinking about selling your home? Don’t fall victim to any of these common seller mistakes.

Here is a brief summary of the tips from the video with a few helpful tips on how to avoid making costly mistakes when selling your home:

1. Putting your home on the market before it’s ready: Get your pre-sale work done PRIOR to listing (painting,new carpet, declutter, financing)

2. Incorrect Pricing: Price is determined by the market, price it accordingly the first time. If too high– you will help sell the comparables before your own which may result in a price reduction and the loss of potential buyers. At the same time if it is priced your potential profit will suffer. Working with a real estate professional with help you to determine the right price for your home.

3. Getting Too Emotional: When you decide to sell, it is important to accept that it is no longer your home. You may be advised to do some cosmetic work or staging, it can be difficult but don’t take it personal.

4. Stretching out buyer negotiations: It is important to reply immediately to an offer. When buyers make an offer they are, right then, in the mood to buy. Don’t give them a chance to keep looking because you don’t want to lose a sale because you stall in replying.

5. Selling without a professional: surveys show self-sellers often net less from the sale than sellers who use a Real Estate agent. Avoid costly mistakes, let a professional handle the sale of your home. We know the ins and outs of selling homes.

Kristina is a real estate professional with Coldwell Banker The Real Estate Centre in Newmarket, ON.

Lindsay is the the Director of Media Engagement for Coldwell Banker Real Estate and manages the brand’s media and social media department. She is also a licensed real estate professional. In 2017 & 2018, she was named a top 20 social influencer in the real estate industry in the annual Swanepoel 200 power rankings.

Lindsay lives in Livingston, NJ with her college sweetheart and now husband Joe and rwelcomed another Joe into her life as she became a mom in June 2016.

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5 Comments

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    April 8, 2014

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  5. Frank Doiski
    October 15, 2017

    All great points in terms of sellers not doing the right things to list their home. The two most critical factors is not picking the proper Broker/Agent and not fully preparing their home for sale. Their Realtor should know the area, provide extensive marking and have a good track record of sales. As far as preparing their homes, sellers must look at their home through a buyer’s eyes. De-cluttering is the first step and painting, remodeling, staging and making their home’s curb appeal and interior ambiance show at its maximum best. They only have one shot to capture a buyer so they must have their homes in clean and well maintained condition and move-in ready. These mistakes are costly and usually end up in multiple price reductions or doing things that they should have done in the beginning.

    Reply

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