What Not to Do When Selling Your Home

 

June 2023 . What Not to Do When Selling Your Home There are many moving parts that you'll need to manage when selling your home. While it's essential that you focus on everything that needs to be done correctly to complete this transaction, there are also some things you shouldn't do when selling your home. A single mistake can cost you thousands of dollars in the final sale. Here are some of the most common mistakes to avoid. Setting an Unreasonable Price One of the easiest mistakes to make is setting your price far higher than what the market will pay. Even if you think it's worth the higher price, it's important to consider the market and the buyers' perspective. High interest rates have dampened buyer interest throughout many markets, which is why your listing price should align with what your real estate agent thinks your home's market value is. Your agent will perform a comparative market analysis to look at recently sold homes in your area that are similar in size and features. You can then use this information to set a fair listing price. An overpriced home can linger on the market, deter prospective buyers, and may necessitate price reductions and concessions to get it sold. Setting the right price from the start puts you in a stronger selling position and avoids prolonging your home sale. Ignoring Important Repairs You might feel inclined to sell your home without going through the hassle of making the necessary repairs. However, having a lengthy list of maintenance problems will likely push buyers away and significantly lower your home's value. You don't have to fix everything, but it's important to address the most significant maintenance issues that affect your home's functionality, safety, and structure. Limiting Showings After your home has been placed on the market, your goal should be to have as many buyers tour your home as possible. If your agent has a buyer who wants a private showing of your home, you should do whatever you can to accommodate the showing. This won't always be convenient for your schedule, and you may need to leave on short notice, but remaining flexible will pay off in the long run. Immediately Accepting a High Offer As a seller, you likely want an offer that matches or exceeds your asking price. However, the highest offer may not always be the best offer. Make sure that you check to see what, if any, contingencies have been placed in the contract. Contingencies are conditions you'll need to satisfy before the sale can close. The most common contingencies are related to inspection and financing. While you should accommodate any inspection or financing contingency that's placed in the contract, you may want to avoid offers that are contingent on the buyer first selling their current home, especially if you have a tight timeline. This contingency could cause significant delays in the closing timeline. If you'd like the process of selling your home to be as stress-free as possible, avoid making the mistakes mentioned above. Entrusting an experienced real estate agent to advise you and properly market your property is another way to ensure your home sale goes as smoothly as possible. Fun Summer Activity Ideas Summer is upon us! Warm weather and more free time make summer the perfect time for the whole family to take part in fun and exciting activities. Below are seven activity ideas you might enjoy. Have a Picnic Instead of staying cooped up in your home, enjoy the warm summer weather by having a picnic with your loved ones. All you need is a basket or cooler, a blanket, some tableware, and your favorite foods and beverages. Pick out a shady tree in your favorite park, or even your yard, and enjoy! Take Part in a Community Event The summer months are packed with local activities for you to enjoy. From music festivals to food fairs to charity races, there’s something for everyone. Scan the event calendar page of your city and county websites to see what’s scheduled in the months ahead. Got a favorite park/museum/restaurant? Try following them on social media to see upcoming events in your regular scroll. Go Camping The arrival of the summer means that temperatures are now warm enough to go camping. Camping gives you the chance to unplug from technology, sleep under the stars, and enjoy some s'mores. While s'mores can be made at home, there's nothing quite like roasting marshmallows over the fire while surrounded by nature. Play Mini Golf A simple yet fun activity that every family member can enjoy is mini golf. You don't need to be a skilled golfer to have a great round of golf, just plan a night of putt-putt with your friends or family and watch out for that windmill. Go Fishing If you enjoy fishing, consider getting the whole family involved. Pick your favorite body of water and make a day of it with snacks, drinks and a fishing story or two. Be sure to get the appropriate licenses for everyone in your group. Tip: when you go in the evening, the weather will be more pleasant, and the fish should bite more often. Make Homemade Ice Cream Almost nothing is more satisfying than eating cold ice cream on a hot day. Instead of buying a carton at the grocery store, take some time to make your own. There are many methods you can use to make ice cream. Having an ice cream maker makes it easiest, but you can also make it using a resealable plastic bag. Attend a Farmer's Market Summertime brings fresh seasonal produce, which makes it the perfect time to attend a local farmer's market. While you're there, look at the wide variety of local and fresh ingredients available to you. You can plan out a delicious meal that showcases your fresh ingredients, all while supporting your local growers and makers. Summer is the perfect season for taking part in countless outdoor activities. You can also take a road trip, host a BBQ in your backyard, or attend an outdoor concert. There's practically no limit to what you can do, so get out there and have fun! Book time to meet with me Featured Listings Paula's Website About Paula Higman Coldwell Banker Global Luxury © 2024 Paula Higman Real Estate All Rights Reserved. Paula Higman Real Estate, Coldwell Banker and the Coldwell Banker logos are trademarks. The Paula Higman Real Estate fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each brokerage independently owned and operated. This e-mail and any attachments are confidential. If you are not the intended recipient of this e-mail please immediately delete its contents and notify us. This email was checked for virus contamination before being sent - nevertheless, it is advisable to check for any contamination occurring during transmission. 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