8 Costly Mistakes to Avoid When Selling a Property

Prior to selling your Pennsylvania or New Jersey home be aware of these 8 expensive mistakes that sellers make.

1. Not Prepping- Don’t jump into selling your home without first preparing your home by making minor repairs. A fresh coat of paint provides your home with a fresh new look. Consider hiring a professional cleaning service to deep clean your home.
2. Home Inspection- Prior to placing your home on the market you need to have a pre-listing home inspection done, it can save you a lot of stress and aggravation down the road. Knowing of any issues with your home allows you to address them by having them fixed, or being prepared to tackle them during negotiations with a buyer.
3. Wrong Realtor- You may be tempted to use a Realtor who is a friend, a relative, or a friend of a friend, but choosing the wrong Realtor can be a big mistake. Before picking a Realtor look for one with a long history of success with listing and selling homes. A Realtor who is knowledgeable about your local market is a must.
4. Forgetting Curb Appeal- Prepping your home for sale goes beyond just preparing the inside. The outside of your home is the first thing a potential buyer will see, and it needs to make a good first impression. Pull weeds, mow your lawn, and apply a fresh coat of paint to your front door.
5. Not Disclosing Issues-  If you are aware of any problems with your home you must disclose it.  More than likely these issues will show up during a home inspection.  By not disclosing known problems you run the risk of a lawsuit down the road.
6. Not Pricing Your Home Right- Hire an experienced Realtor who knows your market, they can help you determine a reasonable price to list your for sale at. Overpricing your home will result in you having to reduce the price of your home multiple times, and it could run off potential buyers who felt the home was out of their price range.
7. Not Being Prepared- Be prepared before selling your home by putting a plan in place if your home were to sell quickly, or a backup plan if the process were to take longer than expected. Know what your mortgage payoff is and what the closing costs are involved.
8. Not Detaching Yourself- It is not uncommon for home owners to become emotionally attached to their home. A lot of life has happened and memories were made there. However, potential buyers want to be able to envision themselves living in your home. Remove any personal photos and declutter prior to listing your home for sale.

Selling your home can be a challenge at times, but hiring an experienced Realtor will help you avoid these common mistakes. The Silva Group is here to help. Contact Us today.

Curious as to what your current home is worth? Find out here.