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Home Sellers: How To Avoid The Most Expensive Mistakes Smart People Make When They Buy Or Sell A home…

Posted by Pete Sabine on November 30, 2007

Home Sellers: 

Mistake #1: Basing their asking price on needs or emotion rather than market value. Many times, people make their pricing decisions based on how much they paid for or invested into their home. This can be an expensive mistake. Overpriced homes take longer to sell and eventually net the seller less money. Consult with a professional real estate agent. They can assist you in pricing your home correctly from the beginning.   

Mistake #2: Failing to “Show-Case” their home. First impressions are the most important. Experience shows that for every $100 in repairs that your home needs, a buyer will deduct $300-$500 from their offer. Thoroughly clean and prepare your home before you put it on the market if you want top dollar.   

Mistake #3: Trying to SELL their house when buyers come to see it. One of the biggest mistakes enthusiastic home sellers make is to follow buyers around and try to SELL them on the property. This can be a negative for the buyers. The best thing is to stay out of the way, and let people look at their own pace, they’ll get a better feel for the property and whether the house is for them.  

Mistake #4: Choosing the wrong agent or choosing them for the wrong reasons. Many homeowners list their home with the agent who tells them the highest price. Or they list with the agent who works for the biggest company. You need to choose the agent with the best marketing plan and track record to sell your home.   

Mistake #5: Not knowing all of their legal rights and obligations. Real estate law is complex. The contract that you will sign when selling your home is legally binding. Small items that are neglected in a contract can wind up costing you thousands of dollars. You need to consult a knowledgeable professional who understands the in’s and out’s of a real estate transaction. Questions/comments, please post to the blog, call me at 925-407-0606 or visit www.GetRealEstateHelp.com (c) Copyright 2000. NewInformation!

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3 Responses to “Home Sellers: How To Avoid The Most Expensive Mistakes Smart People Make When They Buy Or Sell A home…”

  1. […] Check This Out! While looking through the blogosphere we stumbled on an interesting post today. Here’s a quick excerpt: Many times, people make their pricing decisions based on how much they paid for or invested into their home. This can be an expensive mistake. Overpriced homes take longer to sell and eventually net the seller less money. … […]

  2. Thank you for visiting my blog “Get Real Estate Help”. I appreciate your support by encouraging others to read my blog posts. Please consider this blog to be a resource for buying and selling real estate. I can be reached at (925)407-0606 (PST) or Pete@ContraCostaLiving.com

    […] Check This Out! While looking through the blogosphere we stumbled on an interesting post today. Here’s a quick excerpt: Many times, people make their pricing decisions based on how much they paid for or invested into their home. This can be an expensive mistake. Overpriced homes take longer to sell and eventually net the seller less money. … […]

  3. sandrar said

    Hi! I was surfing and found your blog post… nice! I love your blog. 🙂 Cheers! Sandra. R.

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