Don’t Sell Your Home Blindfolded! Common Mistakes by Sellers

Blindfolded Man



Selling your home is a huge decision that you may find very stressful.  To ease the transition you should try to avoid as many common mistakes as possible.  My advice to those selling a home in Western Massachusetts, Westfield area is to do some research and educate yourself completely prior to placing your home on the market.  Entering into a listing when you are wearing a blindfold is a big mistake that could cost you a lot of money.

We Realtors are here for you to use as a valuable resource and can guide you calmly through the process.  The following are the top two mistakes made by home sellers.  To view the rest visit my website.

Common Selling Mistakes

Mistake #1 — Placing the Wrong Price on Your Property
Every seller obviously wants to get the most money for his or her product. Ironically, the best way to do this is NOT to list your product at an excessively high price! A high listing price will cause some prospective buyers to lose interest before even seeing your property. Also, it may lead other buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price.

Mistake #2 — Mistaking Re-finance Appraisals for the Market Value
Unfortunately, a re-finance appraisal may have been stated at an untruthfully high price. Often, lenders estimate the value of your property to be higher than it actually is in order to encourage re-financing. The market value of your home could actually be lower. Your best bet is to ask your realtor for the most recent information regarding property sales in your community. This will give you an up-to-date and factually accurate estimate of your property value.

My logo

Leave a reply