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Top Mistakes First-Time Sellers Make

Posted Tuesday, November 13, 2018

When you decide to sell your house, you may think the process will be very easy. After all, with many housing markets being quite strong, it is easy to assume you will have little trouble selling your home. However, if you are like many first-time home sellers, chances are you will make mistakes along the way, especially if you choose not to seek expert guidance. Therefore, if it's time to sell my house due to a divorce, job relocation, illness, inheritance, or other situation, here are some common mistakes made by many first-time home sellers. 

For Sale by Owner 
If you want to complicate the home-selling process, take the for sale by owner approach. According to the National Association of Realtors, in 2016 less than eight percent of all closings were with these properties, and on average sellers received 13 percent less for their properties than those handled by real estate professionals. Therefore, if you are wanting to sell your home fast and at a fair price, always enlist the help of real estate professionals who specialize in fast sales. 

Overpricing the Home 
Along with trying to sell it themselves, many homeowners make the mistake of getting greedy when selling. As a result, they often overprice the home, leading to it being on the market for months and months. However, by working with real estate professionals who know how to sell my house fast, you can see your home sold in a matter of weeks, rather than months. In doing so, not only do you get a fair price for your property, but also the chance to move ahead with your plans, rather than having to sit and wait for your house to sell. 

Too Many Repairs 
While all homes usually need some repairs, some sellers take this too far, and instead try to fix everything before putting it on the market. By doing so, not only do they delay being able to sell the property, but often end up losing money in the process, especially if the home sells for less than they expect. However, by selling a home fast, sellers don't have to worry about repairs, since buyers will take these properties in their current condition. As a result, many real estate investors prefer these properties, since they can get them at slightly lower prices, repair them, and then either rent them out or flip them. 

Rather than make these mistakes and then wonder why your house is not selling, put your trust in real estate professionals who have years of experience selling homes fast. By doing so, you can put an illness or divorce behind you, and instead move forward to a new chapter in your life.