Avoid 11 Hidden Mistakes That Could Cost You
Thousands of Dollars!
Selling your home can be an exhausting experience. Last
minute walk-throughs, inconvenient calls, price adjustments
and the possibility of being stuck with two mortgages
are real concerns. If you are not completely prepared,
you could end up losing hundreds even thousands of dollars
in profit.
The difference between a profitable smooth transaction
and a break-even... miserable experience is often a fine
line. In the majority of cases, it comes down to the
subtle know-how of your professional. By utilizing the
knowledge of a good, qualified Real Estate professional,
you’ll ensure the quick, profitable sale of your
home. This report is designed to arm you with the knowledge
to avoid the 11 most common mistakes that cost sellers
serious money.
1. Refusing to Make Profit Inducing Repairs- It always
costs you more money to sell ‘as is’ than
to make repairs that will increase the value of your
home. Even minor improvements will yield as much as three
to five times the repair cost at the time of sale. Your
agent will be able to point out what repairs will significantly
increase the value of your home. Seemingly small fix
up jobs can have quite an impact.
2. Not Considering Other Financing Terms- Cash is not
always the most advantageous transaction. Income level,
tax benefits and current legislation are all crucial
factors when considering purchase terms. Professional
Real Estate agents are experts in facilitating your home
transaction. A good agent will lead you to the path that
will give you the highest yield.
3. Provide Easy Access for Showings- Accessibility is
a major key to profitability. “Appointment only” showings
are the most restrictive while a lock box is the least.
However, there are certain considerations to take into
account: your lifestyle, time frame for the desired sale
and your relationship with your agent. The more accessible
your home, the better the odds of your finding a person
willing to pay your asking price. You never know if the
one that couldn’t get a viewing was the one that
got away. By developing a trusting relationship with
your agent, he or she will show the home with your best
interests in mind.
4. Priced Too Low / Priced Too High- One critical reason
to find the right professional is to make sure the property
is priced appropriately for a timely and profitable sale.
If the property is priced too high, it will sit and develop
an identity as a problem property. If it’s priced
too low, it could cost you considerable profits. The
Real Estate market has subtle nuances and market changes
that should be re-evaluated by your agent every 30-45
days to help you maximize your return.
5. Relying Solely on Traditional Methods
To Sell Your Home- The agent who is innovative and willing
to offer new strategies for attracting home buyers will
always outperform the agents who rely on traditional
methods. Demand around the clock advertising exposure,
innovative lead generation methods and lead accountability.
These services exist and your agent should offer them
to help sell your home.
6. Market Timing / Seasonal Selling- Just as a broker
who continually follows the trends of a stock, your professional
Real Estate agent continually follows trends of your
home market. They will know if the market cycle is poised
to net you the most money. Disregard believing property
sales are seasonal, such as “sells better in
spring than winter.” Property is always selling!
7. Refusing to Make Cosmetic Changes- The prospective
home buyer’s first impression is the most important.
An unbelievable amount of home sales have been lost to
unkempt lawns, cluttered rooms, bad stains, unpleasant
odors... all the seemingly little things. Imagine you
were the home buyer and clean your place from top to
bottom, military style!
8. Wasting Time With An Unqualified Prospect- Your agent’s
responsibility is to screen a prospect’s qualifications
before valuable time is lost. Be sure to align yourself
with the right professional. Don’t negotiate with
unqualified prospects.
9. Don’t Test The Market- Never put your property
on line to sell unless you are serious. The right professional
will find buyers. If you are harboring indecision, you
will blow the sale.
10. Believing You are Powerless to Make a Difference-
Be part of the team! Take an active role with your agent
to see what you can do to facilitate your sale. Networking
with professional peers and personal friends often produces
the sale of a home. It’s surprising how many homes
are sold this way.
11. Believing All Realtors are the Same- With all the
intricate details and critical decisions to be made concerning
your home sale, should you rely on anyone but a top producing
professional? Many friends and family members have been
estranged as a result of failing to meet expectations.
Your home sale is a time-consuming, effort-related, difficult
task. Maximize your profit by utilizing a seasoned professional.
Our hope with this report has been to educate you and
help you avoid the pitfalls many home buyers go through.
We hope you found the ideas valuable and if there is
ever any way we can be of service to you or anyone you
care about, please contact our
office.
Your initial consultation is always completely free
of charge and you’re under no obligation of any
kind. We’ll sit down for 15-20 minutes... no pressure,
just plain, honest talk about what it’s going to
take to achieve your personal goals.
Go ahead, pick up the phone and give us a call. We would
love to hear from you!