5 mistakes that people make when putting homes for sale in Elliot City Maryland
If you have put a home up for sale in Elliot City Maryland and it isn’t drawing any serious interest from potential buyers, it could be for an array of reasons. The housing market may be sluggish or you may be selling in a buyer’s market. But nine times out of ten, the poor response is due to some common mistakes that most home sellers make.
While economic factors are completely out of your control, you can decide how you want to market the property and avoid slip-ups. If you play your cards right, you can sell your home for top dollar even in a slow market.
Here are top five mistakes you must avoid at all costs:
Mistake#1: Overpricing
This is one of the biggest mistakes home sellers make. They overestimate the value of their property. If your neighbor sold his or her home for a specific price, you immediately assume that your home must be worth at least that much. But there are many other considerations to make such as the condition and age of your home, square footage, amenities, and views. You should have a real estate professional appraise the property’s value or conduct a comparative market analysis (CMA), a study of homes of similar size, condition and location that were sold in your area recently.
Mistake#2: Not knowing how to negotiate
Even if you have put the right price tag on your home, you should try to have an understanding of the overall condition of the real estate market and be flexible accordingly. If you don’t want to lower your asking price, there are many other incentives you can offer such as paying for buyer’s closing costs and making cosmetic repairs and renovations to make your home suit the buyer’s taste and requirements.
Mistake#3: Not marketing your property online
Gone are the days when MLS on your real estate agent’s website was the only way to market your property online. Now you can reach out to potential buyers by marketing your property through social medial channels and websites that provide real estate listing information. Many of these websites will list your property free of cost. One mistake you should never make is to use unprofessionally looking photographs of your home. Make sure that the photographs and videos showcase the best features of your home in a professional manner. If your home is vacant while being listed, use the services of a professional stager. This allows your home to be smartly furnished and look its best.
Mistake#4: Now knowing how to deal with potential buyers visiting the property
Lurking around when your agent is showing the property to a buyer, not being able to make it available for showing on a short notice, and leaving pets to roam around in the house when a potential buyer is visiting your home are some of the mistakes you should avoid. Let buyers freely visualize themselves and their family living in the house by ensuring privacy when they visit the property.
Mistake#5: Not decluttering your home
Your home should look at its best all the time after you have put it on the market. You should be able to show your home to prospective buyers on a short notice, so always keep it neat, tidy and clean. Put away all personal belongings—specifically, religious or political items.
Conclusion
By pricing your home right from the very beginning, handling negotiations professionally and tapping into online marketing, you can get top dollar for your home up for sell in Elliot City Maryland. You should always follow the best practices mentioned in this article when showing your property to prospective buyers.