8 Crucial Home-selling Mistakes You Must Avoid

Posted by Briggs Dickerson on September 13th, 2019

Are you ready to trade your house keys for good money? Is this your next major milestone?

But wait…do you have the support of any of the qualified realtors in Myrtle Beach?

With so many properties for sale in Myrtle Beach being listed every day, there’s a good chance your property will get lost among the crowd. Without the assistance of an experienced realtor, your chances of making home-selling mistakes simply skyrocket!

To get top dollar for your house, you need to do everything right – from preparing, repairing, and listing the property to finding a buyer, negotiating the deal, and navigating the closing process.

Here are the top eight common home-selling mistakes you must avoid for a stress-free, successful experience.

1.     Setting the Price Up Too High – Or Too Low

If your property has a crazy price tag attached to it, chances are potential buyers won’t even bother making a tour. And when nobody is willing to make an offer, your property will end up sitting for months or even years!

Now, if you don’t want that, make sure that you set the price based on what the property is actually worth and what the market suggests.

You can’t expect buyers to pay a huge sum of money for your home just because you have invested in upgrades that are way too fancy for the neighborhood.

On the other hand, if you underprice your home, it’ll surely receive tons of offers and will perhaps be sold in just a few days BUT you’ll simply be dropping a bomb on your financial goals.

The best way to determine the true value of your home is by having a few highly qualified real estate agents in Myrtle Beach do a comparative market analysis and give you an estimate.

2.     Disregarding the Marketing of the Property

Going through the house listings, you may assume you only have to click a few pictures, maybe write a short description, and stick a ‘For Sale’ sign in front of your house and buyers will come running in with offers!

That’s far from the truth.

Times have changed – word of mouth and drive-by aren’t enough anymore. To make a quick and profitable sale, you must utilize all the marketing options available to you. Think professional photography, internet advertising, open houses, and even postcards!

Your goal will be to reach as many people as possible to get the best price for your home. First off, you should get in touch with qualified realtors in Myrtle Beach to take care of the market research and price setting. Hire a professional photographer to take good photos of your home for an appealing portfolio. And don’t forget to market your home whenever and wherever you get the chance!    

3.     Overestimating Your Expertise

Oftentimes, sellers decide to do it all alone without actually knowing what they’re doing. They end up taking longer to sell or selling for far less if they’re able to make a sale at all, that is.

A successful home-selling experience warrants the expertise of a professional. Not to mention, there’s a lot of money at stake. So, it’s better to not risk it and hire a good real estate agent for a seamless process.

An experienced realtor will know the ins and outs of the real estate market. They’ll be able to tell you what people are buying and for how much. Moreover, they’ll be quick in assessing when an offer is reasonable and what negotiation tactics will help you score.

4.     Neglecting Necessary Repairs

During property tour, if prospective buyers come across something that needs repair, they’re only going to worry about the condition of the things they can’t inspect.

See if the railing on the staircase is loose, check if the doorknob is jiggling, and see if there are any holes or cracks in the walls – and fix them. Make sure the gutters are clean and no faucets are dripping. It’ll make a world of a difference when it comes to first impressions!

A well-maintained property sells itself. So, make sure that you take care of the repairs and damage before putting up your home for sale.

A simple way to detect any potholes is by inspecting your property through the eyes of a potential buyer. Recall if there are any damages you’ve been meaning to repair for a while now. Address those issues to get your home in top shape.

5.     Leaving Junk and Clutter around the Place

Before you invite the buyers in to walk through your home, make sure that it is clean and looks organized. Ideally, they should be able to picture themselves living in your house and so, there shouldn’t be any personal stuff, junk, or clutter lying around.

Before you put your house on sale, take some time out to put your photos, books, bills, and knick-knacks in a box and take it out of the house. You should aim to make every room look like a hotel room. This won’t only make the buyers feel comfortable and at home but will also make your house look more spacious.

6.     Selling an Empty Property

While you must de-clutter your home, it shouldn’t be empty when the buyers come in for a tour.

This is where staging comes in!

No, you don’t have to spend on new furniture and home accessories – simplicity is the key here. Just rearrange the existing furniture for a fresh look. You may also hire a local stager to give your property a professional makeover to attract maximum buyers.

7.     Letting Your Ego Intervene in the Negotiation Phase

Many sellers miss out on sealing a great deal, thanks to their ego!

You should be neutral while negotiating with a potential buyer and their agent. Remember that it’s strictly business – don’t take anything personally.

8.     Overlooking Extra Expenses at Closing

Sellers who forget to request and confirm junk fee and additional expenses before the closing day end up wasting thousands of dollars.

This is why it’s so crucial to get qualified realtors in Myrtle Beach to help you in reviewing closing cost statements well before you hand over the keys to the buyer. It’ll be too late to ask for discounts and credits on the closing day!

Now that you know about the top mistakes sellers make while selling a property – and how to avoid them, you can look forward to beating other properties for sale in Myrtle Beach with a huge margin!

Author Bio:-

Briggs works as a broker-in-charge with Sands Realty Group, Inc. - a well know team of experienced realtors who can help you find the best property for sale in Murrells Inlet, SC. Also, if you are looking for properties in nearby locations of South Carolina, like Carolina Forest, Garden City, Surfside Beach, etc., they are the best realtors to contact for your residential or commercial requirements. Briggs graduated from the University of South Carolina in 1998 with a Finance and Marketing degree. His works experience includes managing a Myrtle Beach landmark for the past 17 years - Peaches Corner. His knowledge in real estate, business, marketing and management gives him the upper hand in handling all of your real estate needs.