Real Estate Sellers Guide, If you’re one of the lucky few who’ve managed to purchase a home of your own in today’s economy, congratulations to you. You’ve done something that most people your age probably haven’t. Now, you might be looking to sell your existing home off to buy a newer, better one, or you might have a property that you’ve invested in and are looking to flip. Either way, here are some things you need to consider as a seller to make sure you aren’t sabotaging your own investments and angering your real estate agents in the process.
1. Thinking that your property is the most special piece of land on the planet.
You’ve obviously grown fond of your property. You’ve made a bunch of memories there, had a lot of good moments, probably started a family and met lots of great people in your neighborhood. But those things are incredibly personal, and don’t make a lick of a difference to anyone else but you. Pushing up your selling price because you are emotionally invested in a property isn’t prudent, to say the least.
If your agents consistently advise you to lower your selling price, you should consider taking a step back and reevaluating whether the price you are asking for is reasonable, and/or whether you actually do want to sell the property.
2. Leaving the home untended and unkempt.
If you’ve decided to sell your property, it doesn’t give you carte blanche immediately. Until the sale is completed, you need to make sure your property doesn’t look like something out of a Hoarders episode. When your house is on the market, it is quite likely that your agent will bring buyers over to have a look at it at any point of time. You need to make sure that your house is as presentable as it was the day you moved in.
3. Interfering with the buying process by insisting on showing up at open houses.
Look, your real estate agent knows what he’s doing. By the very definition of his job, he’s better at showing houses than you are. You might think you know every single corner of your home inside out, and might want to tell potential buyers why the leftmost corner of the house is a particularly good place to keep pets in. Every time you catch yourself wanting to intrude into the showing of your property, stop yourself. Let the professionals take care of it. Nobody wants to be freaked out by the appearance of a home owner who is clearly too invasive.
4. Stalling deals at the last-minute with demands for extra money.
Selling your home is a tricky process, and negotiations can take a while, even if the buyers are agreeable and your property is amazing. Sometimes, sellers will ask for extra money at the last minute because they see that their property is in high demand. These kinds of shenanigans could cause you to lose people who are serious about buying your property. Instead of instigating needless bidding wars, let your agents know how much you want to get for the property and then let them guide the buyers subtly towards your price point. You don’t want people who have committed to buying backing out at the last minute because you keep asking for more money.
5. Leaving the house a mess even after the sale is done.
Ok, so you’ve managed to secure a buyer after all. Now, before you turn over the reins of the property to the new owners, you need to clean it up. You don’t want the new owners entering into something that looks like a post-apocalyptic scene with dust, discarded litter and broken furniture lying all over the place. Make sure you start off on the right foot with your buyers, so you’ll have their support in case you need it somewhere down the line.
In summation, if you’re doing any of the above, just stop. You are a seller in a tough economy, and real estate prices are rising. While the demand for homes remains high, you don’t want to sandwich yourself into a tough situation by impeding the efforts of your agent. Make sure your home is considered an ideal buy, whenever you decide it is time to sell it.