While most home sellers are mourning over the fact that they are saying goodbye to the homes they've grown to love, others weep for the exactly opposite reason: they can't find someone to buy their home!
If your listing has been on the market for too long, then maybe you are guilty of these top 4 home selling mistakes according to About Home:
Home is priced too high
What's considered as the worst mistake that a home seller can commit when putting their home on the market is hanging an unreasonable price tag. There is an art involved when pricing a home to sell; it includes consideration of all sorts of factors such as comparable sales, location, condition, and the market movement and demand. Price a home too high or too low, there are corresponding consequences and it usually is failure to make that sale.
The home is in bad condition
Selling a home and impressing potential buyers is more than just keeping the sink free of dishes and making the beds. Updates and repairs would have to be tackled and when you think that you can save from deferring maintenance, you might actually end up spending more or worse, fail to close that deal. Home staging - like with model homes where the house is showcased in its best potential - is another way to combat this home selling mistake.
Home is marketed wrong
How do you expect to meet potential buyers when you lack in the marketing department? Posting an online listing is not enough; you need to include high-quality photos that will tickle buyers' imagination and actually make them want to book a home viewing. Another goal is to expose the listing to as many platforms as possible, and make sure that you are targeting the right audience.
Seller hired an inexperienced agent
It's up to you to hire a good listing agent who can close a deal or a mediocre agent who will not so much help with your listing. Just like doctors who have different areas of specialization, real estate agents also have certain areas of expertise. Some agents work best closing condominium deals, or others work better and are much more knowledgeable with certain areas or neighborhood. Depending on your need, find the appropriate agent who will best fit the job.
