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The 10 Common Mistakes
That Cost Home sellers Thousands of Dollars!
Selling your home can be a nerve racking, exhausting
experience. Last minute calls, inconvenient showings, price
adjustments, and the uncertainties of being stuck with a house that
doesn’t sell for months on end can all take their toll. If you are
not completely prepared you could end up losing thousands of dollars
in profit!
The difference between a profitable, smooth
transaction and a miserable experience is often a fine line. The
majority of home selling nightmares are caused by a lack of
knowledge. This report is designed to make you aware of the 10
common mistakes that cost sellers serious money.
- IMPROPER PRICING - Set the
price too high and it will sit unsold and develop the identity
of a problem property, with the accompanying stigma of what real
estate agents call a "stale listing." On the other hand, price
it too low and you may give away thousands in profit to a total
stranger. Either way you lose. Setting the appropriate price
involves the evaluation of numerous different factors...and it's
critical!
- NOT PROVIDING EASY ACCESS -
Accessibility is a major key to a profitable sale. A lock-box is
best, while appointment-only showings are most restrictive. The
more accessible your home, the more showings, and the better the
odds are of finding a person willing to pay top dollar. In
today's competitive market, buyers who can't get a viewing will
go on to other homes, and purchase elsewhere.
- BAD HOUSEKEEPING - The
prospective homebuyer's first impression is the most important.
An unbelievable amount of home sales have been lost to un-mowed
lawns, cluttered rooms, bad stains, dirty kitchens and
bathrooms, unpleasant odors, etc. Imagine you are the buyer and
clean your home from top to bottom...military style.
- FAILURE TO MAKE REPAIRS - Often
even minor improvements will yield as much as three to five
times the repair cost at the time of sale. There are literally
hundreds of homes for sale, and buyers buy what they see.
Seemingly small fix-up jobs can make the difference between a
closed sale at top dollar and a home that languishes on the
market for months on end.
- POOR SHOWING TECHNIQUES - Your
home should be neat and clean, but that's just the beginning.
There are lots of little details that make a big difference.
As your agent, we will instruct you on exactly what to say and
do if you are present when buyers come through your home.
- RELYING ONLY ON TRADITIONAL SALES
METHODS - Sellers who are willing to be innovative and
try new strategies for attracting homebuyers will always
out-perform those who rely on traditional methods. Offering
around the clock advertising exposure, creative financing
options, and aggressive marketing techniques can help give your
property the selling edge over all the other properties on the
market.
- MAKING SELLING DECISIONS BASED ON
EMOTION - You must realize that selling your home is a
dollars and cents business transaction. Don't let your emotional
ties to your home affect your judgment. Remember, purchasers are
not buying your home, they are buying a house to make into their
home.
- FAILURE TO UNDERSTAND MARKET CONDITIONS
- Just like the stock market, there are current market
conditions for houses as determined by supply and demand. Many
buyers shop dozens of homes comparing values, so it is very
difficult to find a buyer willing to pay more than current
market value. No single person, firm, or agent has any control
over the market!
- WASTING TIME WITH UNQUALIFIED PROSPECTS
- Countless hours of valuable time can be wasted showing and
negotiating with "buyers" who can't buy no matter how much they
love your house. By “qualifying” prospective buyers prior to
showing your property, we can minimize the number of
unqualified buyers that come through your home, so only those
that are serious are focused on.
- PICKING THE WRONG REAL ESTATE AGENT
- The vast majority of all homes are sold by real estate agents,
but all agents are not the same - not even close. The agent's
experience, knowledge, and marketing plan can have a huge impact
on your success. Signing up with the right real estate team can make all
the difference in the world.
Don’t fall victim to these costly errors!
Being armed with the right knowledge can make all the
difference in how your home sale turns out. Make the right
decisions. A little time spent now can save many hours of
frustration down the road! |