There are so many do’s and don’ts when selling a home, it can be very challenging to keep up with them all.
Keep reading to find out what you should NOT do when putting your home on the market.
Hide Major Problems
You may think you’re sneaky enough to gloss over a cracked foundation or outdated electrical system when showing your home, but trust that all will be revealed during the buyer’s inspection. If your home has a big issue you can choose between three courses of action:
- Fix the issue before listing your home.
- Disclose the issue while selling and list your home below market value.
- List your home at full price and offer the buyer a credit to fix the issue themselves.
If you want to avoid any nasty surprises during a buyer’s inspection, it’s a good idea to have your home inspected before you list it, that way you can fix any costly mistakes before your home is under contract.
Set an Unrealistic Price
When you set an unreasonable price for your home, you’re not only scaring away potential buyers, you’re setting yourself up for disappointment as well. It’s necessary to determine where the sweet spot price for your home is, the price at which your home will move off the market quickly, but where you won’t be leaving money on the table either. You can look online or work with a realtor to determine your home’s Fair Market Value, which is the value of your home when both the buyer and the seller are well versed in the property, and neither are under intense pressure to buy or sell.
Consider Only the Highest Offer
While the highest offer may seem like it’s the best offer, that’s not always the case. Higher offers are more likely to come with contingencies that benefit only the buyer, and can even set back the timeline of you selling your home. It’s wisest to consider all offers as lower offers without contingencies may save you time and money in the long run.
Underestimate the Cost of Selling
You may think you only have to pay for your real estate agent’s commission when selling a home, but that’s not always the case. You can end up paying much more out of pocket for things like repairs, buyer contingencies, or even rent on an apartment to live in between selling and buying a house. It’s always a good idea to have more money set aside than you think you’ll need so you’re not caught by surprise.
Contact Utah Sell Now
If you don’t want to go through the hassle selling a home on the real estate market no problem. Instead, contact the experts at Utah Sell Now. We buy homes in the Salt Lake County, Utah, area fast. Contact us today for your fair cash offer, and you could have money in hand for your home in as little as seven days.