Despite all of the issues related to selling your house, sellers continue to see their homes on the market month after month, with a “For Sale” sign in the front yard, and viewings are dwindling. This is possible despite the mainstream media proclaiming that the market is hot, but there is not enough inventory. Marketing and price are the main reasons why a home is not selling. Also, if you want to sell your house fast, you can try to sell your home to a real estate investor. You can check investment watch blog’s article here. Along with all of those, here are major mistakes that you should avoid as a homeowner trying to sell your house.
Not Pricing Your House Correctly
Notice that I didn’t say “overpriced.” This is not always the case. On rare occasions, a home may be overpriced. Buyers and agents may believe that the house is not worth buying and refuse to see it. This has happened twice before. In both cases, the home sold within a few weeks after the asking price was raised to market value.
However, in most cases, the price of the home is too high compared to other similar homes. A home listed at $300,000 may be worth it. The home has not been remodeled and needs about $40,000 to update. Similar homes in the neighborhood have sold quickly for $300,000. To account for the condition of the home, the property should be listed lower. A 1,500 square foot home will not sell for the same price as a 1,800 square foot home in the neighborhood, even if all other factors are equal.
Not Hiring a Qualified Real Estate Agent
Not all real estate agents are the same. Some agents are not members of the local Multiple Listing Service (MLS) or council. Some signs are not visible or are located in a small area. Is this something everyone does? No. That’s also why it’s called “the obvious.” These are the most basic marketing tools you can use. Some people put their ads on more than one website.
Having Poor Staging and Bad Open Houses
Most sellers are aware of the importance of decluttering and depersonalizing their homes before going on the market. Staging is a way to make the home more attractive to potential buyers. It’s about warming up space with pillows and blankets, removing old pictures, and painting the interior. It’s also about rearranging the furniture to show a more efficient traffic pattern. You can also stage empty houses with small items like chairs, candles, and towels.
This point may seem obvious. It is a good idea to invite your neighbors to visit during the first week. Buyers move in on weekends looking for new prospects in a desirable area or price range. Real estate agents often hold open houses to find buyers for their homes or other listings. While your home may not be a good fit for you (in terms of price, size, etc.), another property may be perfect.