Common Seller Mistakes

Dated: 11/09/2018

Views: 71

Image titleCommon Seller Pricing Mistakes

This list of frequent seller' mistakes regarding house listing pricing can help you avoid the pitfalls involved in selling your home. If setting a price was simple and straightforward, you would not need assistance in pricing your home correctly. Save yourself time and money by avoiding these costly mistakes.

Pricing Mistakes
The first several seller mistakes involve the issue of pricing.

Guessing Vs Researching
Basing your home price on what the neighbor down the street listed his home for isn’t a reliable method. Nothing loses potential Image titlebuyer faster than an overpriced home. Contrarily, you do not want to underprice. The Comparative Market Analysis is your best source for setting an asking price. Let the CMA be your guide with the advice of a real estate professional.

Hiring a Realtor from Highest-Price Suggestion
Choosing a real estate agent simply because of a higher-end price for your home than other agents have suggested is not your best interest. A good Realtor will know more about the market for your home than you do. Pick an agent who can provide you with real numbers and solid marketing plans for your home. The person you choose to sell your home should be knowledgeable in the local area, trustworthy, and quick to answer questions or concerns regarding the entire selling process.

Subjective Pricing
Selling your home is a business transaction between a qualified buyer and yourself. If you have enjoyed living in your home for years, but have decided to move on, then don’t let emotional attachments to the home affect how you price it. The most objective price will come from the CMA provided by your real estate agent. By focusing on the CMA results and maintaining a firm strictly business attitude, you can keep emotions at bay.

First Day High-Price Blues
The most crucial time for your home are the first 10 days on the market. Once your home is on the MLS, you will see how much interest is generated. If your price is too high, buyers will pass and by the time you decide to lower the price, they have moved on to other properties. Price it correctly from the start to generate interest and gain attention from buyers to sell faster.

Price Dropping
Another pricing trap to avoid is listing a price for your home far above other homes in the area with the thought the price can be dropped if it does not sell after three months. Price competitively from the first.  

Blog author image

Daryl Hanna

Daryl Hanna and The Hanna Group are committed to bringing the respect back to the real estate profession through making sure each and every transaction is handled with the utmost care & respect!! The ....

Latest Blog Posts

How Do I Get The Best Mortgage Deal

Now that you’ve identified the house that you want to buy, and you have a professional mortgage advisor, how do you get the best mortgage deal? The first step is a comparison of different interest

Read More

Shopping For A Home Loan

The decision to buy a home puts you into a realm full of things you have not dealt with prior, especially if you used to rent your home, whether an apartment or house. Owning a house brings a whole

Read More

Repairs And Touchups That Improve Home Value

First, keep in mind that you don’t need a giant improvement to achieve your goal. Small improvements introduced in almost every room, including the exterior of the house, is what you’re aiming

Read More

Home Improvement Tips To Increase Home Value Walls

No doubt you can remember not very far back when the color of choice for nearly every wall was white. Bland, boring white. Of course, there was also a phase of bold, dark colors in the 1990s that

Read More