Selling a home is an overwhelming process; however, it isn’t as complicated as solving a Rubik’s cube. From listing to making repairs to finding prospective buyers, there are common selling pitfalls you can fall into that can impact your financial health and peace of mind.
Don’t worry; keep reading this blog. Here, we’ve compiled common mistakes to avoid when selling your house.
Mistake # 01: Incorrectly Pricing Your Home
Setting an unrealistic home price is the major mistake homeowners make when selling. If you set the price too high, it will never attract potential buyers. On the other hand, if you set it too low, you might lose a significant investment amount.
You can get started by reviewing your neighborhood’s property values. Consulting a professional real estate agent is better to determine the right selling price.
Mistake # 02: Not Hiring a Realtor
Many people avoid hiring a realtor to save on a few dollars, which can cause them significant losses if they made poor offers. So, it’s better to hire realtors because they’re better at managing showings, negotiating purchase offers, pricing the home correctly, and recommending other real estate strategies.
Mistake # 03: Failing to Spruce Up the Property
Many homeowners fail to spruce up their properties during viewings by potential buyers. This can cause delays in their home sale.
When you sell your house, make sure it’s clean, tidy, and de-cluttered. You can also invest in minor home improvements like painting your home exterior or remodeling the garden to impress your potential buyers.
Mistake # 04: Being Dishonest with the Potential Buyers
Don’t hide information from your potential buyers regarding the property’s structural or functional problems. It can land you into hot waters in the future, facing lawsuits.
Disclose everything clearly to the potential buyers when selling a house. It also counts in the ethics to act in good faith for the other party.
Mistake # 05: Choosing the Bad Time to Sell
The right timings are crucial in selling your house. The real estate market fluctuates a lot, with the spring season experiencing an increase in buyer demand and the late fall or winter season administering a low demand.
So, if you choose the right time to sell, your property may get sold quickly at the best competitive prices and vice versa.
If you want to sell a property in Medellin, In House Real Estate experts have got you covered. Our real estate consultants will help you find the best customer with our vast network and maximum profit on your sale.
We also provide property management and furnished rental services in Medellin. Get in touch with us today at +57 3003581202.
