While the thought of selling a home and putting extra cash in your pocket is always enticing, few ever put into consideration the intricacies of selling a home the traditional way. Many first time home sellers quickly realize that the process of selling a home isn’t as easy and straightforward as they had initially thought. Many end up making numerous mistakes throughout the process that end up hurting the sale of their home. This is why it is important to learn about these common mistakes so as to avoid making similar mistakes yourself.
Having invested and lived in your home for quite some time, it is quite easy to get emotionally attached to it. However, one of the biggest mistakes that most house sellers make is basing their decisions on emotional feelings. This only makes it harder to find viable buyers, and the house ends up sitting on the market for months and even years as the house sellers have unrealistic expectations.
This article looks at some of the top mistakes that you should avoid when selling a home.
i) Not Weighing Up All Available Options
While selling through a realtor is the traditional way of selling a house, it isn’t always the most viable option. There are many ways to liquidate a home, all of which have their unique benefits. Selling to real estate investors such as us, Southern Hills Home Buyers, has become one of the most preferred methods of selling a home due to its many benefits. If your house isn’t a good enough condition to sell, and making the necessary improvements seems too expensive or will take a long time, what do you do? What if you are facing a financial emergency and want to sell your house fast to get the money to solve your problems? These are just, but some of the reasons why selling to a cash house buying company like us is your best option.
We buy houses Dallas ‘as-is’, which means that we will buy your house in whichever condition it is, so you don’t have to worry about repairs. What’s more, we can close in as little as seven days, meaning that you will get the cash you need within no time.
So before selling a house, first determine what your needs are and establish what option will work out best for you.
ii) Setting Unrealistic Prices
This is where the issue of emotion-based decision making often comes in. Being emotionally attached to your home can cause you to overvalue your home. The price you want can be significantly different from the actual market price of your home. When you decide to sell your home, you need to let go of this attachment. You need to do some proper research on how much similar properties in your area are selling for and seek the expert advice of a real estate agent to determine the best price for your home.
iii) Failing to Make the Necessary Repairs
No homebuyer wants to invest in a house that is in need of major repairs. This is why, nowadays, they always insist on having a thorough home inspection done before closing. So, before putting your home on the market, ensure that you make all the necessary repairs. While fixing all these issues might seem overwhelming, it is crucial to do so, or your home won’t sell.
If your house is in dire need of repairs and you don’t have the finances or time to address them, then you should definitely consider selling to real estate investors. Remember, we buy houses Dallas in whichever condition they are in. We will handle all the repair work, so you don’t have to.
iv) Choosing the Wrong Agent
The real estate agent you pick will have a huge impact on the speed and success of your sale. A real estate agent introduces you to a large pool of potential buyers and also uses their expertise and negotiation skills to get you the best offers. A good real estate agent will have your best interests at heart and not just out look out for themselves. With the wrong agent, your house can end up sitting on the market for a very long time.
v) Limiting Showings
If you are looking to sell your current home in order to finance the purchase of another, then you might still be living in it while it is still on the market. This means that you will need to cooperate any time your realtor wants to show it, be it in the morning, afternoon, or evening. This essentially means that you will need to constantly get out of the house whenever there is an interested potential buyer. If you choose to limit your showings due to the inconveniences, then your chances of selling the house will reduce.
We Buy Houses Dallas
As you can see, selling a house is much more complicated than you might think. However, you can avoid these mistakes altogether by opting to sell to us, Southern Hills Home Buyers. We offer house sellers a simple, straightforward, stress-free, and cost-free way of selling their homes. Give us a call today for a free, fair, no-obligation cash offer.