Did you just put your house on the market? You’ll want to avoid the most common mistakes when selling a house.
At Wise Property Buyers, we buy houses in Detroit no matter their condition. We remove the risk so you won’t worry about making mistakes that could cost you thousands of dollars.
Most Common Home-Selling Mistakes
When you avoid the following mistakes during the traditional home-selling process, you save yourself considerable expenses and help secure your financial future.
Ignoring the Market
You can’t always control when you sell your home. For example, if you’re relocating for work, you can’t wait for the market to favor sellers. However, you should avoid bad timing when possible.
In general, you should sell during the spring when searches for a new home reach a higher volume. You should also prioritize selling in a buyer’s market, which happens when the demand for new homes remains higher than the supply of new homes.
Forgetting Additional Expenses
When you sell a home traditionally, you must budget for the following expenses:
- Agent commissions
- Closing costs
- Staging
- Home inspection
- Seller requests
- Repairs
- Moving expenses
These costs can total tens of thousands of dollars, which can significantly reduce your profit. If you already have low equity, you may lose money when you sell your home.
Avoiding an Agent
If you’re searching, “Mistakes when selling a house,” you’ll see avoiding an agent near the top of the list. An agent can help you avoid mistakes like poor timing, improper pricing, and ineffectual marketing. They’re always worth the commission you pay.
Pricing It Wrong
Many homeowners fear underpricing their homes. However, overpricing can also cause problems. You may feel willing to negotiate, but if you set the price too high, you may not even receive an offer or schedule any showings.
Poor Marketing
You can’t sell a home quickly or for a fair price with limited marketing. Many homeowners cut corners and invest in poor staging, or they forget that ignoring curb appeal means they may not schedule any showings. An agent can tap into their network to find potential buyers, but you must make the house look enticing.
Avoid Mistakes With a Trustworthy Home-Buying Company
If you want to avoid these mistakes, you can sell to a company that buys homes as-is for cash. You won’t worry about neglecting repairs or agent commission. You’ll obtain a fair offer and keep 100% of it.
You can sell your home in any condition using the following three-step process at these companies:
- When you contact the home-buying company, they’ll take down your information and ask about the condition of your home. They’ll schedule a time for an in-person inspection.
- After the company inspects your home, they’ll make you a fair cash offer.
- If you accept the offer, you can set your closing date. In some cases, you can often close in a week.
Sell Your Home Today
Do you want to avoid mistakes when selling a house? Whether you’re concerned about selling in winter or making repairs, Wise Property Buyers is ready to make an offer.
Call (313) 513-8824 to start the process.