When you try to sell a house in Peoria, there will be lots of steps in the complicated home selling process. Without the proper preparation and the right information, you could end up making some costly mistakes or even derailing the entire real estate transaction.
Because of the potential for these mistakes as well as the fact that selling a home is a major financial transaction, that is why it is so critical to have a clear and comprehensive plan prior to listing the home for sale on the local real estate market.
Below, we have listed the 5 worst mistakes that many home sellers make during the process, especially when they are not working with an expert realtor such as ours at Your Home Sold Guaranteed Realty AZ. By being familiar with these mistakes and knowing how to avoid them, you can rest assured that you will have the best possible real estate experience.
Neglecting to Set a Firm Budget
First and foremost, selling a home is a major financial endeavor. When you try to sell a house in Peoria, you would expect to simply be making all of the profits, but there are things that you will need to pay for throughout the process. If you are unaware, you will be responsible for the bulk of closing costs when you try to sell a house in Peoria, and this includes the commissions for your realtor as well as the home buyer’s realtor.
Additionally, there may be improvements and renovations that need to be made in the house. These will obviously cost you money but will ultimately be worth it once you realize that you can ask top dollar for your home and expect to get it.
Finally, it is important to remember that you will need to find a new place to live. With the highest selling price for your current home, you can rest assured that you will be able to afford your next home as well as moving expenses.
Randomly Choosing a Realtor
It is vital that you work with the right realtor when you try to sell a house in Peoria. Our realtors at Your Home Sold Guaranteed Realty AZ will happily provide you with all of the information, resources, tools, and guidance you need to be successful in the home selling process. Remember that no two realtors are the same, so you must choose your realtor carefully.
We recommend that you interview multiple candidates before making the ultimate decision. Be sure to weigh each candidate’s strengths and weaknesses and determine which realtor will have your best interest in mind. Analyze their track records, stats for selling speed, the number of homes they have sold in the last six months, and their average list-to-sale price ratio. All of this information will lead you to the right choice.
Failing to Improve Your Home’s Appearance
When a home buyer comes to visit your home, it is essential that it makes a great first impression. That means your house needs to be in tip-top condition unless you are planning to sell it as-is or as a fixer-upper. We recommend that you renovate the high-traffic areas of the home like the kitchen, bathrooms, and living room rather than completely overhauling the whole place.
While it may seem like a huge investment to complete these renovations, it will be worth the money and effort once you can sell quickly and for top dollar. Going the extra mile will ensure that you can charge a higher asking price and be justified in that price from prospective home buyers.
To stand out from the other available homes on the market, your renovations will make your home more attractive. Remember, you will be competing against other resale homes as well as new construction homes which are in pristine condition. Keep up with the competition through renovations and improvements.
Hiring an Amateur Photographer
They say that a picture is worth a thousand words, but we believe that a great, high-resolution picture is worth thousands of dollars. This is especially true in the real estate market. If you want to sell your home fast and get top dollar for it, we recommend hiring a professional photographer to make exceptional photos that will stand out from other listings online. Show off your home’s best features in high-quality photos and videos.
You may not even have to pay for the photographer since many realtors will even cover the photographer’s fees as a part of their commission. It is all a part of an excellent marketing strategy. If you are going to find your own photographer, be sure you examine their portfolio carefully and check to ensure they have made high-quality photos for residential real estate before.
Getting Emotional During Negotiations
The final common mistake that home sellers need to avoid is getting emotional during negotiations with home buyers, especially if and when the first offer from a potential buyer is far lower than expected.
While the home buyer doesn’t believe that you will agree to the amount, they will submit the lower offer to see if there is any wiggle room in the price. You can either remain firm in your asking price or decide to lower it slightly. If lowering it sounds like a terrible idea, you could add in some concessions that will make the deal more attractive to the buyers.
Be sure you are evaluating every offer objectively, and the best way to do this is to work with an experienced realtor who will be able to remain unemotional throughout the process. Remember, these are not personal attacks – it’s just a business transaction.
Our Real Estate Team Is Here When You Try to Sell a House in Peoria
Are you ready to try to sell a house in Peoria? Be sure you have the right pricing and marketing strategy developed by an experienced and skilled real estate professional such as ours at Your Home Sold Guaranteed Realty AZ. We are 100% committed to helping you have the best possible home selling experience, and we are happy to share our years of experience and expertise with you.
Our realtors have a solid reputation when it comes to the speed of our sales because, on average, we sell homes 48% faster and for 2.4% more money than anyone else. In addition to these stats, our clients love working with us because we go the extra mile of guaranteeing your experience will be exceptional.
In fact, we have several attractive home seller guarantees that you will not find anywhere else. One of the most important of these guarantees is the Guaranteed Sale Program. This program guarantees that we will sell your home in the desired time frame or we will buy it ourselves.
To learn more about our guarantees or any of the top mistakes that home sellers make, feel free to give us a call at 623-283-2067 or fill out the form on this page to get a detailed response from our team. We are happy to discuss your situation in detail and offer you all of the guidance and resources you need. You can also visit our office.
We can’t wait to hear from you!