5 Mistakes That Can Cost You Money When Selling
Selling a home can be an exciting yet challenging process. To make the sale successful and smooth, it's important to avoid common pitfalls that can slow down the process or more importantly cost you money. In any market, buyer interest in a home dissipates as the time on market increases. To avoid leaving money on the table, these are 5 mistakes that are easily avoidable.
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1) OVERPRICING A HOME​
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While sellers want to get the best price, setting an unrealistic price can deter potential buyers and cause the property to sit on the market for too long. To capture market attention, it's pivotal to factor in not just recent sale prices, but also list prices. Each comparable will tell a story of what the market response was. A home selling 25% over the list price does not mean that you should list yours at that sale price.
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2) NEGLECTING NECESSARY REPAIRS​
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Ignoring small repairs before listing the home can turn off buyers. Minor issues like leaky faucets, cracked tiles, or peeling paint can give buyers the impression that the home hasn't been well maintained. Additionally, to capture the largest pool of buyers, focus on doing repairs that will make your home move-in ready.
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3) PERSONALIZED & UNSTAGED
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A cluttered or overly personalized home can make it difficult for buyers to envision themselves living there. Proper staging can highlight the home’s best features and create an inviting atmosphere. Professional photography should be used to ensure that the home is enticing buyers to move from Zillow to seeing it in person.
4) LIMITED ACCESS
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Restricting showing times or making it difficult for potential buyers to view the property can limit the pool of interested buyers. Flexibility with scheduling can lead to more interest and quicker offers.
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5) ASKING TOO MUCH BESIDE PRICE
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When you're trying to capture the largest pool of prospective buyers, you need to take into account the factors beyond price that can cause a buyer to walk away. While a rentback period could allow you to get funds to secure your next home, the highest-paying buyer may not be willing to wait to move in. Be flexible with your demands & focus on your priorities.
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SAM FITZ-SIMON, YOUR TRI-VALLEY REALTOR​​
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Sam Fitz-Simon proudly has called the Tri-Valley home since his move from the UK in 2002. With a unique perspective rooted in his educational journey through all levels of schooling in this region, he possesses a profound understanding of its evolution over the past two decades.
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In his role as a Tri-Valley Realtor, Sam seamlessly blends his extensive local knowledge with skills he honed during his tenure at prominent San Francisco startups. Over the past five years, he has consistently outperformed his peers, ensuring that his clients attain the best possible results and have a stellar experience.
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Dedicated to serving the Tri-Valley community, Sam wholeheartedly commits himself to meeting his clients' needs. If you're considering a move within, to, or from the area, don't hesitate to get in touch with him today.