What NOT To Do When Selling Your Home
Making mortgage payments is a little bit like tucking money away in the bank. The nest egg of equity in your home will grow over time, and for most, a home is their largest asset, so there it a lot of money at stake when it comes time to sell. If you want to get as much money back from your home as possible, we have a list of what not to do when selling your home. Keep reading to learn more and click this link to read the full article.
1. Ignoring your agent's advice
Although you don’t technically need to use a real estate agent to sell your home, hiring one can help you get more money in your pocket.
A good listing agent can assist you with pricing your home, marketing it, negotiating with buyers, and guiding you through the closing process. That's a lot of responsibility—and you might feel slightly uncomfortable putting your faith in a stranger's hands. However, because your agent has a fiduciary responsibility to look out for your best interests, you need to trust the person's advice. So, if your agent says to do something—like make a price reduction—you should do it, says Daniel Gyomory, a real estate agent in Northville, MI.
2. Neglecting important repairs prior to listing your home
Most home buyers will require a home inspection contingency. But that doesn’t mean you should wait for the home inspector to tell you what to fix. If your home has noticeable flaws, go ahead and ask your agent whether you should address them before putting your house on the market.“Something as small as a leaky kitchen faucet can be a red flag to a buyer, since the person might assume there are bigger issues with the home,” says Gyomory.
3. Being restrictive with showings
You want the greatest number of potential buyers to see your home, says Bellevue, WA, real estate agent Holly Gray. Hence, you need to be extremely flexible when responding to showing requests, says Gray. (Read: Be ready to leave your house at a moment’s notice.) Bear in mind that if you decline a showing, the buyer might not come back—and you could potentially lose out on a great offer."Expect little privacy when selling your house,” says Karen Elmir, a luxury real estate agent in Miami.