When it comes to selling your home, you may not know where to start. Not to worry—working with a team of professionals will make the process much easier! Even if you do work with an agent, it’s still a good idea to know what mistakes you should avoid.
Here are our top three home-selling mistakes, and how to steer clear of them. Save your time, energy, and—most importantly—your money!
Not Hiring a Professional
It’s understandable to want to get the best price possible for your home. We all want to make money, and many believe that not using an agent will help them save in the long run. Unfortunately, this is not how it works out.
Most home-sellers aren’t equipped to handle the jargon and paperwork, and the process of listing their home and marketing it to buyers. One small mistake, especially during the closing process, can cost thousands of dollars.
By working with a real estate professional, you’ll pay a little bit to avoid a lot of unexpected fees and costs.
Making Costly Upgrades
While most home improvement projects will boost your home’s value, not every feature will give you the best return. Things like granite countertops, good landscaping, or remodeling a bathroom will almost always help you make money, but certain upgrades just aren’t worth the hassle.
For example, if you’re considering adding a pool to your home just to make money, you may want to think again. Pools can cost tens of thousands of dollars to build, and unless you live in a warmer state or a neighborhood where most homes have them, you won’t recoup the money you spent.
Another “upgrade” that many homeowners believe will up their home’s value is removing bedrooms to create a bigger, open concept space. While many buyers love bigger rooms, losing bedrooms is often a deal-breaker. MarketWatch.com puts it simply: the more bedrooms you have, the higher your asking price can be.
Setting the Wrong Price
Whether you’re working without an agent or not, it’s important to know what your home is worth. If you don’t price your home correctly, you can miss out on thousands of dollars in your pocket, which is one of the ultimate home-selling mistakes.
How do you avoid this? It’s simple—work with an agent, but don’t choose just anyone. Choose an agent that’s familiar with the area and ask them to see neighborhood sold reports. This will give you a hyper-local view of what other homes like yours have been selling for. Couple this with your agent’s expertise, and you’ll be able to sell for top dollar.
As we previously mentioned, you won’t want to sell your home on your own. Doing so will likely result in a lower sales price. According to the National Association of Realtors, the average home sold with a realtor made 7% more money than someone who chose to go without one.
Avoid Home-Selling Mistakes—Let Us Help!
If you’re ready to sell your home but want to avoid the worst home-selling mistakes, let us be your guide. Your Raleigh home deserves the best, and if you want to sell fast and for top dollar, the Trademark Residential Team is here to help.
We have plenty of resources for home buyers and sellers, so feel free to reach out. Give us a call—we’d love to talk about all things real estate.