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Top 4 Common Mistakes First Time Home Sellers Make

Top 4 Common Mistakes First Time Home Sellers Make

As a first time home seller, you are likely to make many mistakes. Your emotions will often get in the way. For instance, you may list for sale even before your home is ready. There are many other Mistakes Home Sellers Make, especially when they are selling a property for the first time. Explore these common mistakes and avoid them.

1. Over or Under Pricing Your Home

The asking price is perhaps the most important factor in making a home sale successful. You should price the home in such a way that it is neither too high nor too low. Keep in mind that potential buyers would have already done their research on the local market. They would already know what similar properties in your neighborhood cost. You'll raise red flags if your asking price is too high.

But if your asking price is low, you are preparing yourself for a loss. So make sure to do some research and get the help of a local real estate agent in setting the right price.

2. Assuming Everyone is a Potential Buyer

Most first-time home sellers mistake every looker as a potential buyer. This happens mostly with those sellers who don't have a realtor to help them. We at HelpFindingMyAgent can help you in choosing right real estate agent with local market experience. You don't have to show your property to everyone who shows interest in it. You don't want to be entertaining offers from so called 'buyers' who are not pre-qualified for buying your house. An experienced realtor will ensure that your home is shown only to pre-qualified buyers.

3. Allowing Emotions to Enter the Negotiation Process

Selling a house where you spent many years with your family can be a difficult thing to do. One of the common Mistakes Home Sellers Make is attaching emotional value to the house they want to sell. If you want to sell your home, you should realize it that soon it will be owned by someone else. You should look at it as a commodity and treat it in such way. One of the mistakes people make in such a situation is to overprice their property, which can prove to be a big hindrance in attracting potential buyers.

4. Overspending on Repairs

Many first-time home sellers overspend on maintenance and repairs to get a better offer. Although this is a useful strategy, you shouldn't overdo. The impact of house maintenance and repairs on your costs can affect your profit margins. You should instead have your real estate agent determine what should be fixed in your house before you list it for sale.

We at HelpFindingMyAgent can help you in choosing right real estate agent who has vast experience in your local market. If you want to sell your house, don't make these mistakes. Give us a call now at 1-855-566-6652 and you will have the best realtor helping you.

About the Editor

Arun Kumar

The old adage is that hindsight is always 20/20. Seven years ago, I embarked on a journey as a serial entrepreneur. I built my very first business in India and later expanded to the US. In weathering the ups and downs of several business brands, I discovered my passion for the digital platform.

I could see a huge opportunity to connect home buyers and sellers with quality information and service providers. That led to the birth and co-founding of HelpFindingMyAgent.com


Arun Kumar
Co-Founder of HFMA

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