Practice makes perfect right? Well most homeowners selling their home are unfortunately not very experienced with selling homes and make decisions that they learn all too late were mistakes. Whether you are listing your home with a real estate agent, decided to go with a For Sale By Owner (FSBO) listing of your own, or are selling directly to a professional home buyer, we’ve gathered information on a few of the top mistakes made to help you avoid these missteps and the consequences. Kepp reading to learn the four most common mistakes made by home sellers in Venice.
Setting a Price
Deciding on a price for your home is not a simple decision, there are a lot of factors included in the value of a home; deciding on a price too high or too low is a costly mistake home sellers often make in Venice. List to low and you leave potential money on the table, list too high and your home may sit on the market while you continue to pay the bills. Previously, sellers would set an above-market price in order to counter lower offers. However, with the growth in technology, tech-savvy buyers now conduct initial home searches via online listings and simply scroll past a home of they believe the price is too high. While most buyers are seeking move-in-ready properties, some buyers will gladly scoop up lower-priced properties if they can get a steal of a deal. To help you make an informed decision on what is best for your specific circumstance, work with a professional buyer like those at Maio Strand Property Group. They will provide you with the details on how much you’ll profit from all of your selling options.
Think an inspection is only necessary for the buyer? Failing to have a preinspection is another common mistake home sellers make in Venice. Your buyers will be getting an inspection and you want to know what you will be up against in this report (unless you are selling a new home). Otherwise, you may find yourself weeks into a contract with a buyer only to find yourself in negotiations again over some unexpected repairs. Worse, since your buyer is likelt trying to qualify for a mortgage from a lender, this deal may end up falling apart completely if the property doesn’t pass the inspection. Concerned about your home not passing an inspection and not looking to spend any money on repairs? You can always choose selling directly to a professional buyer like those at Maio Strand Property Group; we buy houses as-is.
Getting Your Home Ready To Sell
Often motivated by saving money and time, another common mistake we see by Venice home sellers is skipping out on the necessary steps of getting a home reday to sell – which only delays the home’s sale in the long run. A fresh coat of paint, updates to flooring and appliances, and yard maintenance can do wonders for getting your home sold and instilling positive emotions in your buyers. Don’t forget the importance professional photos and great lighting for both the photos and showings – buyers buy with emotion and your goal is to fill them with positive emotions. Any signs of animals should be carefully cleaned and repaired, as well as any personal items (we know it can be tough to clear these away!). Closets and other built-in storage should be only half full to show ample space and extra items stored off-site, along with larger pieces of furniture which may make rooms appear smaller. Or, work with a professional buyer like those from Maio Strand Property Group and skip the prepping!
Letting Emotions Take Over
Unfortunately, another common error we see in Venice is home sellers letting their emotions to rule during negotiations. A home is generally something people feel pride and strong emotions towards and those often do not coincide well with making smart business decisions. While conducting business, it is best to set aside one’s feelings; however, this can be difficult, for example, when you feel insulted by an offer that comes in significantly below the asking price or someone comments that they don’t like something you did in the home. On the other hand, you can feel confident knowing that you’ve priced your home right for listing when you work with a licensed agent from Maio Strand Property Group, or by accepting one of our custom solutions when selling directly to us
Don’t make the mistakes home sellers often make in Venice; let the pros at Maio Strand Property Group help you make the best choice for your situation instead. Contact Maio Strand Property Group at (631) 335-4055.