Published at Sunday, February 17th, 2019 - 05:27:03 AM. House. By Diki Assidiqi.
Mistakes To Avoid When Attempting To Sell Your House Fast :In this housing market, it can be difficult to sell a house fast. These are the five mistakes you need to avoid if you want to have your house sold quickly: 1. Asking Too Much Setting your price too high is the biggest mistakes home sellers are making in this market. Your Realtor may give you a price that they feel the house should sell for that is higher than what it is likely to sell for. Some Realtors inflate their estimate so that the prospect of selling your house is more attractive. There is more incentive to sell your house. Make sure you have a good idea of what other similar houses are selling for in your area. You should be comparing houses with the same number of bedrooms and bathrooms, size that is within about 300 square feet of the size of your house, and similar amenities. Other factors that should be taken into consideration is the amount of time the houses sat on the market before they sold. This brings up another point in that you really should focus mostly on houses that have already sold. Anyone can ask anything they want for a house. What someone is willing to pay for it is an entirely different story. If you want to sell a house fast, you should price your house slightly lower than the others that are on the market. Evaluate your competition. See what their houses have that yours doesnt. 2. Not Being Aware of Your Competition This one is an extension of the last mistake. If you do not know what you are competing with, how are you going to know if you are priced right? Your house needs to priced lower than a house that has more upgrades. These upgrades include things like granite countertops, hardwood floors, new energy-efficient windows, new mechanicals, and just about anything else that buyers will find more appealing. You can compete by offering your house at a more attractive price. Visit open houses to get a sneak peak at your competition. Take note of anything theyve done to make the house more appealing that you might be able to incorporate. If there are not a lot of open houses taking place, you can have a Realtor show you the houses. 3. Being Stubborn Do not be the seller that is unwilling to negotiate or give concessions. Buyers want to feel like they are getting a great deal, especially these days. It is a buyers market and if you dont accept that, you shouldnt be selling your house. Even if you feel like you are giving them a good deal, you have to be willing to give a little. It doesnt have to be price that is sacrificied, you could offer to throw in some appliances or furniture that they might like. Get creative. If you are not getting showings and youve done your homework and know the house compares favorably with your competition, your best bet is to reduce the price. Do not be stubborn and refuse to budge. Your house will just sit and the costs you accrue while your house is the on the market will likely exceed what you would be giving up with a price drop. 4. Not Having The House In Sellable Condition Buyers are extremely picky these days because they can be. With a high number of houses for sale and lenders tightening their lending criteria, this is inevitable. You will need to make sure that your house is in move-in condition. Replace rotted wood, repaint inside and outside, update anything that is dated (including 90s style wallpaper and fixtures). You will need to make your house stand out and make the people viewing it feel like they can see themselves living there. Some things can be done relatively cheaply that will provide big improvements. Paint is the cheapest thing you can do that will bring the biggest returns. You can update cabinets simply by replacing the handles and knobs. Clean the windows. This always helps with the impression the house makes. If you cant afford or dont have the time or energy to complete necessary repairs, you will need to adjust your price accordingly. Most of the time the price needs to be reduced more than the repairs would cost due to the fact that buyers will want a good deal because of the hassle and unknowns that come with remodeling a house. Working with contractors can stress anyone out. 5. Refusing To Consider Selling To The We Buy Houses People If your house needs repairs that will scare off buyers, you really need to consider getting an offer from real estate investment companies that advertise We Buy Houses . These companies typically pay cash and buy houses as-is. This allows you to sell without providing any warranty or doing any of the repairs. Even if the house does not need repairs, they will make an offer to buy it so that you can sell the house fast. If youve inherited a house or just evicted some tenants and want to avoid renting the house again, real estate investors may be your best best. You can have an instant buyer rather than putting it on the market and having to have showings to try move it. These house buyers will make an offer and you can either accept it or not. Why not try them out and see if you could save a lot of time and hassle? The tradeoff with using a house buying company is that they typically need to buy the house below market value as they are buying for investment purposes. Its better to know this upfront. Most We Buy Houses websites do not mention this. For a lot of sellers this tradeoff is well worth it to avoid the hassles of selling a house in this market. Hopefully you can avoid making these mistakes while trying to sell your house fast. Understanding what to avoid will put you far ahead of the competition. Good luck with the sale of your house.
Top 8 Open House Mistakes a Seller Can Make : When youre ready to sell your house, you will need to get it in its best possible condition, especially in todays competitive environment. An open house presents an opportunity to showcase the best features of your home and allows the potential buyers to get a feel for the property. If you re a fist time home seller, you may think of the open house as the point at which your Realtor waits until you leave, turns into a magician and with a flick of his/her wrist, completely transforms your home into something out of Bravos Million Dollar Listing. But here is the truth of it Your real estate agent is not practicing wizardry on the side. And you arent completely free of responsibility when it comes to the open house. In fact, although you arent present for the open house (and you never, ever should be, if you want to sell the home), there are still quite a few ways that you can mess it up and drive away potential buyers. These eight things could very negatively impact your chances of having a successful open house-and, potentially, the house sale. Leaving your pets at home/Open house mistakes Pets bring a lot of joy into our lives. Nevertheless, they can be a real problem when youre showing your home. This is true for several reasons. Logistically pets make things difficult because you will have to keep them separate from the potential buyers, who might not like pets and certainly cannot picture themselves living in a house that once housed cats or dogs. This means that you will have to block off areas of your home, a real no-no in an open house. Pets also behave unpredictably. The last thing you want is your pet leaving his/her mark on the floor right in front of the viewers or even scaring the potential buyers. Which could also prevent them from viewing rooms and prove to be a distraction overall. Take your pets to a friends for the day when youre showing your house. You should also do your best to eliminate any signs of pet habitation, including bedding, toys, smells and stains. Selling a house with pets takes extra consideration and care. There are some home buyers who will see any signs of pets as a complete turnoff. This is definitely one of the top open house mistakes you should avoid. Ignoring your kitchen needs/Open house mistakes You may be surprised by how many home owners ignore their kitchens when selling their house. Putting the dirty dishes in the sink doesnt make them invisible. Even if the rest of your house is staged to perfection, a repugnant kitchen will turn off the potential buyers-and that goes for the dishwasher too. The potential buyers will most likely want to investigate the fridge and open the dishwasher during the open house, hence its vital that you prepare your home accordingly: Clean and store the dishes, and remove any smelly food from your fridge. You should consider removing any kitchen appliance that can be neatly stored instead of being left on counter tops. The less clutter, the more spacious and inviting your kitchen will feel. If its an appliance that is used daily, such as a toaster or coffeepot, be sure to wipe it clean after each use. Open house mistakes made because of the Kitchen not showing well, can kill just about any deal. You should also ensure that you check out and clean the other rooms in your home, even those that you think the potential buyers will not bother checking out, such as the closets garage or laundry room. Because guess what? They totally will. You arent selling part of your home; you are selling your entire home; hence you should ensure that everything the potential buyers will see during the open house is in showcase condition. Not hiding your dirty bath towels/Open house mistakes Keeping the bath towels you have used (and intend to use again) tucked away in a closet benefits you two-fold: Not only does it make the bathroom look well staged, but it also keeps them free of germs and dirt from the days parade of viewers. Instead, swap in a clean set of decorative hand and bath towels for each open house. You do not want (people) wiping their dirty hands on the bath towels you wipe your body with. Cleaning solo/Open house mistakes When you think about how much money a house actually costs, its easy to understand why people expect cleanliness in an open house. Surprisingly, not everybody meets the mark when it comes to a clean house. If you have to hire a cleaning service to get the job done, do so. Professional cleaners will scrub all the hidden spots you may miss (think switch plates and base-boards), they can also help eliminate messes and odors that go back years. Preparing for showings is particularly important when there are potentially a large number of visitors dropping by for a look. Showing dirty, messy homes to potential buyers is by far the greatest mistake most sellers make when holding an open house. Not getting a second opinion/Open house mistakes After you have cleaned and staged your house, a blunt tongued neighbor can be a blessing. Over time, you can easily get used to odors and smells that may linger in your home, even after a thorough cleaning. You need a neutral third-party wholl tell you like its, not what you would like to hear. So do not be offended if the third-party tells you that your place stinks- literally or figuratively. You arent in a position to be all ego, you are trying to sell your home - and that is what you should focus on to avoid simple open house mistakes. Not maintaining the yard/Open house mistakes The front yard is the first thing the guests see, so ensure it is spotless. You want the potential buyers to focus on the curb appeal of your home - not your collection of yard tools. Additionally, objects strewed every which way can also be dangerous. You should also make sure that the grass is trimmed nicely and any bushes or flowers are in good shape. And unless its trash day, keep your bins out of sight. Nothing turns potential buyer off faster than a pile of trash and the thought of potential yard work. Dirty exterior/Open house mistakes Depending on where you live, the exterior of your house may gather a significant amount of grime as the seasons turn. You might not have noticed it if it occurred gradually, but visitors to the open house are sure to see the mildew and mold on the siding, the dingy windows and the clogged gutters. Like the homes interior, the exterior should be fresh and clean-looking if you want to impress the potential buyers. Dont make these simple to fix, open house mistakes. Photos, religious art, drugs and politics need to go/Open house mistakes When the potential buyers walk into your home, they should picture their family living in the house, not yours. They do not need to see your family photos or be able to tell your religious or political views as they walk through the house. These are huge open house mistakes. There is a reason home staggers de-personalize your house. Certainly, they want the buyers to visualize themselves living within its walls-but they also want to remove any ammunition that may be used against you during the negotiating process. One of the places to look is the medicine cabinet, which should be emptied during the open house. The same goes for family photos and things such as canes and walkers: For instance, if you are elderly, they may consider underbid your price under the assumption that you can no longer be able to take care of your house. Keeping the potential buyers from learning your personal details is not just good staging.
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