Are you planning to sell your house? Well, if you do it right, it will not be long before you’re trading the house keys for money.
However, a house is one of the most expensive things you will sell in your life. If you mess it up, you might lose a lot of money during the process. It will also greatly affect your financial status.
That is why it is always ideal to know some of the most common mistakes people make when selling their houses. Doing so will help you avoid doing them.
If you’re PCSing to Hawaii and need to sell your house quickly, here are mistakes you need to avoid:
Ignoring Staging
Staging a house might not appear like a great deal. However, if you ignore this step, you’re doing a huge mistake.
For those who don’t know, staging a house has a huge influence on how fast people sell their houses. This is according to research. In addition to that, around 25% of real estate agents said that staging can increase the selling price of a house by around 1% to 5%. A couple of them even said that it can increase up to 10%.
To make things simple, if you stage a $100,000 house, your offers may bump an additional $1,000 to $10,000.
Hiding Major Repairs
Do you believe that the buyer will not notice the leak in your attic? How about the pest infestation in your lawn? Well, you’re wrong. If your buyers are wise, they will hire a professional home inspector before they buy your house.
If the inspector finds a major issue with your home, it can delay the closing date or terminate the deal. Because of this, it’s always best to hire a professional home inspector before you sell your house to ensure it is in excellent condition.
Wrong Pricing
It can be hard to price a house. If you price it too low, you’ll miss a lot of money in profit. If you price it too high, you can deter potential buyers or risk wasting months waiting for a buyer.
You shouldn’t rely on the internet alone. It’s best to hire a reliable real estate agent to do a comparative market analysis that will show you how much your house is. Setting the correct price from the beginning can make a lot of difference in how fast you sell your house.
Selling It on Your Own
This is a major one. If you don’t hire a real estate agent, you’re making a huge mistake. Of course, you might be able to save money if you sell your house on your own. However, there is a bigger possibility that you’ll miss thousands of dollars in profit.
According to studies, a house that is sold for $220,000 by the homeowner alone can be sold for around $250,000 if the seller hired an agent. That is why $30,000 difference.
Because of this, it’s always ideal to work with a reliable real estate agent when you’re planning to sell your home.
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