The 7 Most Common Mistakes Home Sellers Make in Lakewood
Selling your home in Lakewood can be an exciting and potentially profitable experience. However, many home sellers make common mistakes that can lead to delays, low offers, or even a failed sale. Here are the seven most common mistakes home sellers make in Lakewood and how to avoid them.
Home-Selling Mistake #1: Overpricing Your Home
One of the most common mistakes home sellers make is overpricing their home. While you want to get the most money possible for your home, pricing it too high can turn off potential buyers and delay the sale. Work with your real estate agent to determine a fair and competitive price based on the current market conditions and comparable homes in your area.
Home-Selling Mistake #2: Neglecting Repairs and Maintenance
Another mistake home sellers make is neglecting necessary repairs and maintenance. Buyers want a home that is move-in ready, and if they see a lot of repairs that need to be made, they may lower their offer or walk away from the sale altogether. Take the time to make necessary repairs and perform routine maintenance tasks like cleaning gutters, changing air filters, and touching up paint.
Home-Selling Mistake #3: Not Staging Your Home
Staging your home can make a big difference in how quickly it sells and how much money you get for it. A well-staged home can help potential buyers envision themselves living in the space and can make your home stand out from other listings. Consider hiring a professional stager to help you declutter, rearrange furniture, and add decor to create a welcoming and inviting space.
Related: 5 home improvements that could increase your property’s value
Home-Selling Mistake #4: Being Present During Showings
While it's understandable that you may want to be present during showings, it's best to leave the house and let your real estate agent handle them. Buyers may feel uncomfortable or rushed if the seller is present, and it can also make it difficult for them to envision themselves living in the space. Give buyers the space and time they need to explore the home and ask questions without feeling pressured.
Home-Selling Mistake #5: Failing to Disclose Important Information
It's important to disclose any known issues with the home to potential buyers, even if it may impact the sale. Failure to disclose information like a leaky roof, mold, or foundation issues can lead to legal trouble and a failed sale. Be upfront and honest about any known issues with the home and work with your real estate agent to determine how to address them with potential buyers.
Home-Selling Mistake #6: Ignoring Curb Appeal
First impressions matter when it comes to selling your home, and neglecting curb appeal can be a costly mistake. Buyers will form an opinion about your home before they even step inside, so take the time to improve the exterior of your home. This can include simple tasks like adding a fresh coat of paint to the front door, trimming overgrown bushes, and adding some potted plants to the porch.
Home-Selling Mistake #7: Refusing to Negotiate
Finally, it's important to remember that selling your home is a negotiation. While you may have a set price in mind, it's important to be open to negotiations and work with potential buyers to come to a mutually beneficial agreement. Refusing to negotiate can turn off potential buyers and delay the sale of your home.
Related: How to choose the right lender for your next home purchase
Selling your home in Lakewood can be a smooth and profitable experience if you avoid common mistakes. To maximize your chances of a successful sale, avoid overpricing your home, neglecting repairs and maintenance, not staging your home, being present during showings, failing to disclose important information, ignoring curb appeal, and refusing to negotiate. Work with your real estate agent to develop a strategy that will help your home stand out in a competitive market and attract the right buyers. With the right approach and a little bit of patience, you can sell your home quickly and for the best possible price.
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