4 Common Home-Selling Mistakes and How to Avoid Them

4 Common Home-Selling Mistakes and How to Avoid Them

4 Common Home-Selling Mistakes and How to Avoid Them

By Mark Spain Real Estate

Many homeowners feel like there’s no clear path to success when selling a home. For many sellers, it’s typical to hit a few road bumps along the way. However, the right real estate agent will do their best to help you avoid these home-selling mistakes.

Working with an experienced real estate agent like Mark Spain Real Estate lets you cruise through the home-selling process and avoid pitfalls. With exclusive industry insight, our team will equip you with the tools and strategies to execute a successful sale and maximize your profit potential. Read below to learn how to avoid common home-selling mistakes.

4 Common Home-Selling Mistakes and How to Avoid Them

Setting an Unrealistic Price

Pricing a home can be tricky, as finding the sweet spot between asking too much or too little can be challenging. If you aim too high with your listing price, you’re at risk of lower buyer interest and a stagnant sale. On the other hand, pricing too low could minimize your profit potential and leave you walking away with less than you deserve. The key here is to understand the current market and price your property competitively for what is valued at based on other home sales and available inventory. This will set your listing up for success from the beginning. One of the most common home-selling mistakes is setting your listing price inadequately.

While you may have a general idea of your home’s value, consulting a professional is best. At Mark Spain Real Estate, our agents conduct a comparative market analysis to evaluate market conditions and determine your home’s worth. We thoroughly dissect comparable sales of similar-sized homes near you to gauge a listing price that accurately reflects everything your listing has to offer. 

Ignoring Repairs and Renovations

If you think a buyer won’t notice a leaky roof, faulty light switch, or other various structural issues, you’re incorrect. A house with a laundry list of maintenance issues will lessen buyers’ interest and overall decrease the value of your home. If you have the time, it’s best to take care of the repairs and renovations that make sense for a positive return on your investment before launching your listing. 

Suppose you can’t fix the problems beforehand or your agent advises that the cost of doing so will not improve the sales price to make it profitable. In that case, you can either price the property to account for the necessary repairs or list your home at a normal price and offer the buyer credit to make the repairs after closing. It’s also important to note that any foundational issues will emerge during a home inspection. So, if your buyer has a home inspection contingency in their sales agreement, they can walk away from the sale if your home is in poor condition. 

Skimping on Listing Photos and Property Descriptions

In today’s day and age, most buyers browse homes online before they attend in-person showings or open houses. If your listing’s photos and property descriptions leave little to be desired, chances are you won’t have many buyers knocking on your door. At Mark Spain Real Estate, our listing experts schedule professional photoshoots to capture crisp and clear shots of your listing. Using optimal lighting and angles, our photographers will showcase your home’s true potential to online viewers. Fill out your online listing completely to optimize its performance

Like photos, property descriptions will heavily influence your listing’s performance. Throughout these descriptions, it’s important to include details on your home’s interiors, foundation construction, local community and neighborhood, and other relevant information. The listing experts at Mark Spain Real Estate will ensure your listing is as detailed as possible. Using topical keywords to improve your listing’s position in search engine results, like “luxurious,” “stainless,” or “upgraded,” our team will optimize your online listing and maximize its potential buyer pool. 

Not Hiring a Real Estate Agent

Going the For Sale by Owner route is a home-selling mistake with significant consequences. While many are tempted to take this approach to avoid paying commission fees, hiring an experienced real estate agent is always the way to go. When working with a real estate agent from Mark Spain Real Estate, you’ll receive extensive industry knowledge to expedite your selling process. From setting a listing price and staging your home to negotiating offers and helping with closing documents, you can trust that your agent will have your best interests at heart and help you avoid detrimental home-selling mistakes. 

Avoid Home-Selling Mistakes with Mark Spain Real Estate

Do you want to sell your home fast? The experts at Mark Spain Real Estate are here to help you avoid some of the most common home-selling mistakes. With decades of valuable industry experience, our team of trusted agents will streamline your sale and ensure it is hassle-free! And with our Guaranteed Offer Program, you can receive an offer on your home in only 21 days. Contact our agents today!

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