Avoid these mistakes to sell your home quickly:What could be the possible reasons for delay in the house sale process?
Marketing mistakes
Sellers often take marketing for granted and markets their house poorly. For example, they take worst pictures of their house and post it in multiple listing websites before selling it. This, not just creates a bad impression on your house but also delays the process for long time. Even if they have a largest pool of buyers they might not sell their house due to lack of marketing skills.
Marketing tips for quick house sale
- You can contact the neighbor whose home is amidst of busy street and put a sign board of “For sale” pointing your house
- Leave some pamphlets in the sign board which describes the features of your home
- Take some nice pictures of the front, exterior and interiors of your house before posting it in MLS websites
- You can use free social media tools to advertise your house sale and post beautiful pictures in it
Hiring an inefficient real estate agent
You need to hire a real estate agent with whom you will feel comfortable working with. Hiring a good real estate agent is half success in your house sale process. But don’t expect your agent to drop of all the things he is doing and concentrate only on your house.
If he is too busy to handle your process and totally avoid your house then consider hiring another agent. Avoid signing the forms you do not understand and ask your agent to explain it. Check out for an accreditation and certification of your real estate agent before hiring him.
The house with lot of repairs and renovations
Another major reason behind the late house sale is due to the repairs and renovations that your house badly needs. Get your house market ready before selling by doing necessary fixes. The buyers may move on to other options if your house is in terrible situation and cannot be occupied immediately.
If you are a first time home seller and your house is too old then it is better to hire a contractor to perform the repairs. Many sellers often get their hands dirt when it comes to repairing their homes. It is the most cost effective method, if you are experienced and well versed with tools you can go for it.
You have to concentrate on each and every repair works either by hiring a contractor or individual professionals like electrician, plumber, carpenter etc. Doing necessary repairs before house sale helps to speed up the process.
But your repair or renovation needs a well devised plan and calculated budget. Many times due to increased material cost and labor charges your budget may exceed beyond the limit. This causes the great loss while selling your house.
Pricing your house high
The rate tag of your house decides the success of quick house sale. Many sellers often get emotionally attached with their house and price it high. Your house is your valuable asset but when it comes to sale you have to be reasonable and your price should be in market standards. Otherwise, you may not be able to sell your home for months. If your house is overpriced then the buyers may move on to other available options in the market.
The house which is rightly priced sells soon than others. You may get confused on how to price the house right if you are the first time home seller. You can hire an appraiser who can help you with the pricing issues. Do not worry if your house is underpriced since it gets more bids and when the competition rises then your house value gets increased.
Price your house based on the market value, demand, location and condition etc. You also need to compare yours with other houses in your neighborhood while pricing. If your house is overpriced compared to others in your locality then it might lead to immediate rejection.
Do not wait to sell your home
When housing market is very bad or in a declining state then the seller may decide to wait for some time before selling the house. But remember if you delay the process then your house may not sell and it will attract many buyers as well. The best selling time for any property would be the first few weeks after putting it up on sale. After that period, your house might get too old and will not attract the potential buyers anymore.
If you are waiting for selling your house then you will be lagging behind in the housing market with thousands of other sellers. Soon after deciding to your house, take necessary action plans and sell it soon either with the help of the realtors or by yourself.
Selling your house by yourself
Seller who plans to sell their house by themselves often faces many problems while the process is ongoing. First, you have to understand that taking up the responsibility of selling your house on your own is not an easy thing to do.
From advertising to repairing you have to do every possible thing by yourself. Learn the correct way of selling your house using the online resources available. Get rid of all the personal things and clutter before staging your house to the buyer.
Do the necessary repair and renovation works before showing your home to buyers. Depersonalization of your house is very important, hence remove all the wall decors and family photos.
By avoiding the aforementioned mistakes you can reduce the risk of delay in the process of house sale. These tips also help you to maximize the results and you can get more potential buyers for your home. Have a happy, smooth and faster transaction while selling your house!