Kevin Sheehan has been involved in his fair share of property management. Overpricing your home is the first thing you should avoid because homebuyers will look for something else. Most sellers make this mistake because they want to earn as much money from the property as possible. Initially, they fail to realize that the home will stay on the market perpetually until they revise their price. In the meantime, their marketing efforts will fail. That means their investment in such campaigns will go to waste.
You can avoid this mistake if you look at various factors as you develop a price for your home. For example, what is the market value of other homes that are adjacent to yours? What are the housing trends in your area? Is the condition of your home worth the stated price? Conversely, undervaluing your house is a critical mistake. Study these factors carefully and you will come up with an amount that is close to the market value of your home. Avoid the following things as well.
– Failing to renovate your house
Buyers avoid homes that require a lot of work. In fact, many of them look for those that they can move into immediately. Doing that is impossible if the roof is leaking, if burst pipes are everywhere, or if holes exist in the walls. Cleanliness is essential as well. Make sure that everything is in place. For example, the kitchen sink should be sparkling clean, the bathroom should be free of any hairs clogging the drain, and the dining room floor should be spotless. Remember, homebuyers are willing to pay a premium price for homes they can settle in immediately.
– Pursuing the wrong marketing strategy
You can advertise the sale of your home through various channels including television, media, billboards, neighborhood signs, and newspaper listings. Modern forms of marketing include ads on social media and listings on real estate websites. You have to pursue the right channel for you to get the right buyer. More importantly, you have to focus on what homebuyers want. For example, what pictures do they want to see? What message do they want to hear? What payment options do they prefer? Learning all of these things about homebuyers is difficult unless you are a real estate agent with adequate training and experience in this business.
– Selling the house without the input of a realtor
You need someone who is good at selling homes quickly. More importantly, that person has to sell them at the best price possible. Real estate agents can do that for you. They already have homebuyers looking for a home in your area. They have the marketing skills that are necessary for this task in addition to the advertising channels that are appropriate for you. Talk to a real estate agent today that understands your needs. Make sure that the agent is professional in his work and ethical in his conduct. Contact us for the most competent and trustworthy realtors.