The first time you shopped for Denver Colorado homes, the process proved an eye-opener about the complexities of real estate transactions. Be prepared for similar revelations if you’re selling your home for the first time. You want the process to go as smoothly as possible by avoiding these common selling mistakes.
- Using what you paid or what you owe to determine the price. The money you put into your home when buying or remodeling is irrelevant to the asking price. All that potential buyers care about is how your property compares to others nearby with the same square footage, room numbers, and features. If your home is a better value, they’ll buy it. If not, they won’t. Your price must fall in line with the offerings on the market right now.
- Hanging around during showings. When an agent is showing your home or holds an open house, it’s best if you’re nowhere near the property. This allows buyers to imagine themselves living in your home, to make candid comments, and to discuss the house among themselves and with their agent.
- Not preparing your house for sale. Your property is competing not only with other homes in the neighborhood but with new construction, both of which have probably been staged to look spacious, clean, and new. If you don’t do the same, your property will seem shoddy by comparison. Buyers will reduce their offers because of the cleaning and repairing they imagine they’ll have to do.
- Not using a professional real estate agent. Real estate transactions are complex and time-consuming. If you try to go it alone, you may get taken advantage of and you may miss a required financial or legal detail. In addition, you’ll have to spend the time, money, and effort it takes to market your property, be there for showings, negotiate deals, and draw up binding contracts.
If you want to avoid these and many other home-selling mistakes, please contact Metro Denver Luxury Homes. We’ll make sure that your home sells for the best price possible.