If you are selling your home for the first time, you are in luck—as we are undeniably in a seller’s market!
But just because the market is currently favoring sellers doesn’t mean your home sale is a slam dunk. There are still mistakes sellers make along the way—mistakes that could end up causing you money, or your entire home sale.
So what, exactly, are those mistakes?
A recent article from realtor.com outlined some of the common mistakes first-time home sellers are making in today’s market, including:
Overpricing your home. It may be a seller’s market, but listing your home too high could scare off potential buyers. Instead, list your home for a slightly lower price than what the market data indicates your home should sell for and the lower list price will attract more buyers and offers—which will likely drive up the sale price.
Not making your home available for showings. The more potential buyers that see your home, the more potential offers you will get—so, if you want to sell your home quickly and profitably, you will want to make the house available for as many showings as possible.
Only focusing on money. Money is an important factor in evaluating an offer—but it is not the only factor. Or, in other words, the highest offer is not always the best offer—so when comparing offers, make sure to take all factors into consideration (for example, an all-cash offer may be a better option than an offer that’s slightly higher, but has an appraisal contingency).
The Takeaway:
If you are a first-time seller in today’s market, it is important to know the common mistakes sellers are making today. With that insight and a trusted advisor from DFWREAdvisors you can avoid those mistakes—and ensure that your home sale moves as quickly, easily, and profitably as possible.
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