• July 29, 2017

Common Mistakes Sellers Make When Getting Opinions On Prices

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Common Mistakes Sellers Make When Getting Opinions On Prices

Selling a home is the most tedious and time-consuming activity a homeowner could spend on their home. This is because homeowners have to invest time and money on realtors, agents, research, and opinions. But research suggests, the most important thing you want to invest on is, asking people’s opinions of your home’s price. More specifically, asking real estate professionals what they think.

However, be wary of relying too much on other people’s opinions when it comes to selling a home. There are a lot of do’s and don’ts for first-time sellers. This is because homeowners are still making common mistakes when listing prices. So, if you’re unsure about the price you have chosen, ask a professional for their opinion, although, try to avoid these common mistakes when looking for help.

Mistake #1: Second Guessing Yourself
A lot of times, sellers are unsure about the price they initially sell their homes for. This is because they either don’t trust their realtors or they don’t trust themselves. As a result, sellers seek the opinions from others, either through other realtors or online pricing tools. However, this is not always the best way to go about. The downside to second guessing your home’s initial price can vary in different ways.

For instance, asking more than one realtor will result in two different decisions you might not be able to handle. In addition, there will be even more numbers thrown at you. So, always choose one realtor who can backup their findings and data with comparable sales data. Also, you can risk choosing the most ideal, but unrealistic option and lose money, or choosing an option that will leave your home on the market for months.

This is why, sometimes, your first choice is always your best choice.

Mistake #2: Skipping Out On Research
Another thing homeowners do wrong is take the opinions of professionals without forgoing proper research. Without doing research on past sales in the market, sellers tend to base their prices on what the realtor sold the house down the street for. While knowing your local market is great, it’s not the best option when pricing your home.

Therefore, try and base your home on a comparative market analysis, which is a report prepared by real estate professionals that examines recent sales of homes in your area that are similar to your own. This is what you want when seeking opinions on your home’s price.

Mistake #3: Falling Behind
The last mistake many homeowners find themselves making is falling behind in the home-selling competition. For instance, if you list your home too high the first time, overtime you will find yourself dropping the price. When buyers see a home that has had multiple reductions they tend to believe something is wrong with the home. Therefore, list your home competitively to begin with.

By working with your realtor to reevaluate the market and getting their professional opinion is the best way to stay in the game.

Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-701-2030 or visit https://josephlewkowicz.com/