Ask The Charlotte Home Inspector

Your Charlotte Home Inspection Questions Answered!

Ask The Charlotte Home Inspector header image 2

Making That Three A lot of Dreadful House Selling Mistakes – Exactly what You Wished to Stay clear of

November 18th, 2012 · No Comments

In order to avoid the worst home selling mistakes possible, you need to know what they are. Some of these mistakes can keep your home from being sold in a reasonable amount of time. It is important to avoid having your home listing expire. In reality, all things considered, your home might not sell because of these factors. You could actually lose a lot of money if you do this the wrong way.

You really need to consider offering your price for lower than market value. This is something that you should do if you are thinking clearly. It’s natural for sellers to want to price their home toward the high end. Realistically, houses that are priced lower will receive more offers. Those that are priced higher will not receive as many. In most cases, people will increase their bids when they see that there are many offers on a home. As the bidding continues, the price that is offered for your home will continue to increase accordingly. That process usually does not happen if your home is priced high from the beginning.

Do you have any thoughts at this stage? You may already have thought that selling a home is a vast field with much to discover. It is really similar to other related topics that are important to people. You should take care about making too many presumptions until the big picture is a lot more clear. If you are unsure about what is required for you, then just take a better look at youir specific situation. The rest of our talk will add to what we have mentioned so far.

The first offer that you ever get is going to be, most of the time, the one that is the highest. All others will be lower according to statistical data. Although you may believe this to be statistically incorrect, lower prices always come later. The statistics may be correct, but there can be exceptions. Once you understand this, you won’t be surprised later on. All new houses get higher bids because they want to ensure that they get the house which is new on the market. What happens is the seller will typically turn down this initial offer. They will actually believe a higher bid will come in later. Unfortunately for the seller, this is usually not the case, and things fall through very quickly.

A different financial matter to be careful about is the commission you pay your agent. Don’t skimp here and try to get them cheaper. When you review the listing agreement, you will discover the normal commission explained. Talk to other people and discover what the normal commission percentage is in your market place. Then it’s a simple matter to see what’s been written up in the listing agreement and compare it to the market. Another option, is to discuss the commission structure with the agent and see if it’s normal for your local market. It’s important that the commission you agree on is in line with what’s normal for your market. If you offer less, you may get less from your agent. Why would your agent show your home to a prospective buyer if the commission is low, when they can show a comparable home with a higher commission structure? Don’t forget this when you are negotiating your listing agreement because the responses we mentioned above are very human and normal if you try to shortchange someone.

Learn as much as you can about the real estate process if you want to avoid the worst mistakes a home seller can make. This is especially critical if your agent is new to real estate and has little practical knowledge or experience. In any event, don’t leave everything in the hands of a real estate agent. Be aware of what’s happening at all times.

The author is an internet advertising professional who writes on numerous real estate subjects similar to – short sale Orlando, foreclosure Tampa and Tampa MLS.

Be Sociable, Share!
Share

Tags: Unusual Findings

0 responses so far ↓

  • There are no comments yet...Kick things off by filling out the form below.

Leave a Comment