Selling your New Port Richey house through an agent? Make sure you read this blog post that reveals 4 mistakes you should avoid when listing when an agent in New Port Richey…
If you’re looking to sell your New Port Richey house, or if you’re an agent who is selling houses in New Port Richey then here are 4 mistakes you should avoid when listing when an agent in New Port Richey…
First, Don’t Assume That You Can Sell Right Away
The market varies and can even shift from one day to the next, depending on a number of factors. So make sure you set realistic timelines about how long it will take to sell.
If you are a seller, assume it will take months for the sales process to be completed – from fixing up the house to showing buyers to negotiating to setting a closing date to moving out. If you are an agent, be careful not to over-promise a timeline to your sellers – set their expectations.
Second, Don’t Assume That The Asking Price Will Be The Selling Price
The asking price is the starting point in the sales process – it establishes what a seller wants to sell for.
If you are a seller, realize that the actual selling price might be different than the asking price. If you’re an agent, make sure you explain this to your sellers.
Third, Don’t Assume All The Money Goes Right Into Your Pocket
Some people make the mistake of assuming that the selling price (minus anything they owe on their mortgage) is pure profit. But this is not true.
If you are a seller, make sure you know that there will be agent commissions, closing costs, and other fees you’ll have to pay. If you’re a real estate agent, make sure you explain to your customers.
Fourth, Don’t Assume That The First Offer Will Go Through
Buyers often make offers and then discover that they can’t get financing for some reason.
If you are a seller, be prepared to have one or two buyers fall through before a buyer can be found. If you’re a real estate agent, prepare your sellers ahead of time by explaining this so they can be ready in case it happens.
And if you read all of that here are some considerations for you to also be aware of:
Choosing the Wrong Agent: Not all agents are the same. Look for an agent with experience selling homes in your area and a track record of success. Interview multiple agents before making a decision.
Overpricing Your Home: Setting the right price is crucial. An overpriced home can sit on the market for months, while an underpriced home can leave money on the table. Your agent can help you determine the right price based on market conditions and comparable sales.
Neglecting Repairs and Improvements: A home that is in good condition will sell faster and for a higher price. Address any necessary repairs and consider making cosmetic improvements to enhance the appeal of your home.
Ignoring Curb Appeal: First impressions matter. Make sure the exterior of your home is well-maintained and inviting. This includes landscaping, painting, and cleaning.
Not Staging Your Home: Staging can help buyers envision themselves living in your home. Remove clutter, depersonalize, and consider hiring a professional stager to showcase your home in the best possible light.
Being Present During Showings: While it’s natural to want to be involved, it’s best to let your agent handle showings. Buyers may feel uncomfortable discussing their thoughts with the homeowner present.
Not Being Flexible with Showings: Selling your home requires flexibility. Try to accommodate as many showing requests as possible, even if they are at inconvenient times.
Neglecting Marketing: Your agent should have a comprehensive marketing plan to attract potential buyers. Make sure your home is listed on multiple online platforms and consider additional strategies like open houses and print advertising.
Ignoring Feedback: Feedback from showings can provide valuable insights. Be open to constructive criticism and consider making adjustments based on feedback to make your home more appealing to buyers.
Not Understanding the Terms of the Listing Agreement: Before signing a listing agreement, make sure you understand the terms, including the length of the agreement, the commission rate, and any additional fees.
Summary
Whether you’re a property owner looking to sell, or you’re a real estate agent who is representing sellers, these are 4 common mistakes that can happen during the sales process – so make sure you’re aware of them.