4 Mistakes to Avoid when Selling Your Home Main Treasure Valley Life

Selling your home is exciting because you are moving toward new opportunities and adventures in your new home. However, it's difficult not to be attached to your old home because it is filled with memories. But, when it comes to selling your home for top dollar in 2020, do not make these four common mistakes.

Overpricing your home

In the Boise area, like most places in the country, housing inventory is low. This leads to the common misconception that sellers can list their home for whatever price they want and buyers will pay it. This isn’t necessarily the case. Don’t forget that the buyer’s bank will send an appraisal for the fair price for your house and will not lend more than what it believes is the market price. In addition, if the house is listed for too much, it will sit on the market longer with fewer interested buyers, and the price will eventually have to drop to market value to seem appealing. On top of that, a house that has been sitting on the market for too long isn’t appealing to buyers. Consult with a real estate professional about what your home is worth to find the perfect balance between your home’s value and the market price. Our team of local experts will price your home correctly to maximize profit in minimal time.

Skipping repairs

If something in your home needs fixing, it will get found by the buyer’s home inspector. As the seller, you need to do one of two things, fix it now or provide a credit or discount to the buyer on the listing price so they can fix it. Overall, it is better to fix it now so the buyer doesn’t have to worry about it. In addition, it looks really good to say “brand new roof” or “new water heater” on the listing. These are a lot more appealing to the buyer than walking into the home and seeing immediate needed repairs.

Not staging your home

Staging your home is one of the most important ways to sell your home quickly for top dollar. According to Realtor.com, staged homes sell 88% faster and for an average of 20% more than homes that aren’t staged. As much as you love your home and how it looks, you must remember that you are selling your home so someone else can live in it. As the potential buyers tour the house, they are trying to envision their lives in it. It is difficult to do so with your personal belongings and clutter in the house. Utilizing your agent’s marketing and staging will help get your home showroom ready to maximize appeal.

Not selling with an agent

If you are considering trying to sell your home as For Sale By Owner (FSBO), read our article first about the difficulties of not using a real estate agent in this day and age. If you try the FSBO route, there is a lot of extra work to do and you will be leaving money on the table.

Up Next: What’s the Difference between Loan Pre-Qualification and Pre-Approval?

Posted by AndrewS at 2/11/2020 2:14:00 AM
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Samantha Dunn, Idaho Real Estate Agent

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