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The 8 Deadly Mistakes to Avoid When
SELLING Your home |
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Pricing Incorrectly |
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Every seller wants to realize as much as possible
when they sell their home. But a listing price that is too high often
gets the seller less than a price that is at market value. If your house
is not priced competitively, people looking in your price range will
reject your house in favor of other, larger homes for the same price. At
the same time, the people who should be looking at your house will not
see it because it is priced over their heads!
Overpricing usually increases time on the market, and that could cost
you thousands. Ultimately, many overpriced properties sell below market
value. |
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Failing to “show case”
the home |
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Buyers look for homes, not houses, and they buy the
home in which they would like to live. Owners who fail to make necessary
repairs, who don’t spruce up the house inside and out, touch up the
paint and landscaping, and keep it clean and neat, chase buyers away as
rapidly as Realtors can bring them in.
If you were selling a car, you would wash it, or maybe even detail it
to get the highest price. Houses are no different. Our free booklet, “Dressing
Your Home For Success” will give you the secrets to “show
casing” your home! |
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Limiting the marketing
and exposure to the home |
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The two most “popular” marketing tools - open
houses and classified ads - are only moderately effective. Surprisingly,
less than 1% of homes are sold at an open house. Agents use them to
attract future prospects, not to sell your house!
Advertising studies show that less than 3% of
purchasers bought their home due to an ad they read. And if an answering
machine was used for giving the information on the house, most callers
hung up without leaving a message.
The right Realtor will employ a broad spectrum of
marketing activities, emphasizing the ones he believes will work best
for you and your particular property. Find a Realtor that uses several
marketing options to assist you in selling your home. |
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Mistaking “lookers”
for “buyers” |
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For Sale By Owners feel they get more activity than
houses listed with agents, and that is probably true. The difference is,
Realtors bring in only qualified buyers, not Sunday afternoon shoppers.
A qualified buyer is one who is ready, willing, and able to buy your
house.
We find that most people who go looking at For Sale By Owner homes
are just starting to think about moving. They may be good buyers, but it
will be 6-9 months down the road. They don’t want to bother an agent
yet, so they check out “By Owner” ads to get a feel for the market. |
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Not knowing your rights
and obligations |
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Real estate law is extensive and complex; the
contract for sale and purchase is a legally binding document. An
improperly written contract can cause the sale to fall through, or cost
you thousands of dollars for repairs, inspections, and remedies for
title defects.
You must be certain which repairs and closing costs
are your responsibility. You must know whether the property can legally
be sold “as is” and how deed restrictions and local zoning will
affect the transaction. If there are defects in your title, or if your
property is in conflict with local restrictions, you or your Realtor
must remedy them. Otherwise, you could lose thousands!
But I will assist you! I will make sure you understand all the
technical “lingo” in the sale of your home. A commercial for a local
vendor states that “Our best customer is an educated customer”.
How true! |
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Signing a listing
contract with no way out |
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The Realtor you hire to sell your home should be a
marketing specialist - not just a fancy talking salesman! Many times an
agent will have good intentions about marketing
your house, but either circumstances change, or they don’t have the
marketing skills needed in today’s sophisticated market. You should
always have the right to fire your agent if they aren’t performing as
you expect. Always protect yourself by getting a guarantee of
performance with the right to cancel!
I will provide you with this guarantee! You deserve performance,
and peace of mind. |
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Losing the equity you
have built up in your home |
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In today’s real estate market, many home sellers
are finding it necessary to bring money - a lot of money - with them to
the settlement table. How depressing! You’ve worked hard establishing
yourself in your home, and are now ready to move on. But you find
yourself no better off after the sale.
Your Realtor should have developed a team of
professionals to give you trusted advise and counseling on the issues of
real estate.
I have studied complex issues of real estate and lending laws. I can
show you how to save thousands of dollars on real estate commissions and
avoid unnecessary “junk fees”. |
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Choosing the wrong
Realtor, or choosing them for the wrong
reasons |
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It’s likely that you don’t interview people very
often. And yet in order to find the Realtor who is right for you, you
may need to interview several. The quality of your home selling
experience is dependent upon your skill at selecting the person best
qualified.
It’s interesting that in the real estate business,
someone with many successfully closed transactions usually costs the
same as someone who is inexperienced. Bringing that experience to bear
on your transaction could mean a higher price at the negotiating table,
selling in less time, and with the minimal amount of hassles.
The sale of your home could well be the most important financial
transaction that you have ever been involved with. The person you select
can make it a satisfying and profitable activity, or a terrible
experience. It’s your home, and your money. |
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Avoid the stress of selling your home, while trying to
buy another home! Get pre-qualified for your next home - BEFORE you sell
your current home! Click now. |