“Firsts” are always tricky – first time riding a bike, first time driving, first job, you name it. There is always a lot to learn, and while you might hate to admit it, your first time doing anything may result in a few slip ups. And while it’s only natural to make mistakes, one “first” that you should really aim to get right is selling your home. Simply put, that’s because a mistake could cost you hundreds, if not thousands, of dollars in the long run.
If you’re getting ready to sell your home for the first time, here are 4 mistakes to avoid.
1. Listing for the wrong price.
The condition of the home and location all matter to a buyer, but at the end of the day one of the biggest factors a buyer considers is the price. If you price your home at an unrealistically high price, you’ll likely see less interest from buyers and ultimately waste time while you wait for something to bite. On the other hand, if you list your home too low thinking it will attract buyers quickly, you could short yourself a lot of money! Before you officially list your home, you should consult with a real estate professional to determine a fair asking price.
2. Trying to hide damage.
Another big no-no: skimping out on completing repairs and thinking that a buyer won’t notice damage. You should expect that your buyer will have a home inspection done after you accept their offer, and if it uncovers something you weren’t upfront about (or didn’t have fixed), it may delay the process OR they could back out all together. Your best bet here is to either complete repairs before listing your home or be totally transparent with potential buyers about work that needs to be done.
3. Using bad photos in your listing.
While you may get some people who find your home simply because they drove by, it’s likely that most of your potential buyers are doing their research. Which means — they’ve seen your listing online. Your goal should be to make a lasting first impression with your online listing, and one way to do that is to feature excellent photos that really showcase all the positive qualities of your house. If your photos are too small, low quality or don’t paint a good picture of your home, buyers may not even take the time to come to a showing.
4. Trying to sell the house alone.
It’s no secret that it costs money to make money. Aside from home inspections, repairs, and other miscellaneous tasks you might choose to do before listing your home, there are also expenses such as agent commissions. Knowing how expensive it can be, some sellers will try to do all the leg work themselves to save a couple of bucks. But here’s the thing: selling your house by yourself could result in you losing out on money that could have been yours.
Now for some good news: when you sell your home to us, not only are you working with experts who know the market and all the ins and outs of buying and selling, but you’re also NOT subjected to any of those fees we just mentioned! It’s the best of both worlds – you get to work with a team of professionals AND you don’t have to pay any real estate agent fees or any of those other fees that are typically associated with selling a home.
If you own property in California and are looking for a fast, yet fair, sale, we want to hear from you. Give us a call at 661-618-6622 so we can get the process started!