If you’re selling your home for the first time, you’re in luck—as we’re undeniably in a seller’s market.
But just because the market is currently favouring sellers doesn’t mean your home sale is a slam dunk. There are still mistakes sellers make along the way—mistakes that could end up causing you money, or your entire home sale.
So what, exactly, are those mistakes?
A recent article from realtor.com outlined some of the common mistakes first-time home sellers make in today’s market, including:
- Overpricing your home. It may be a seller’s market, but listing your home too high could scare off potential buyers. Instead, list your home for a slightly lower price than what the market data indicates your home should sell for; the lower list price will attract more buyers and offers—which will likely drive up the sale price.
- Not making your home available for showings. The more potential buyers that see your home, the more potential offers you’ll get—so, if you want to sell your home quickly and profitably, you’ll want to make the house available for as many showings as possible.
- Only focusing on money. Money is an important factor in evaluating an offer—but it’s not the only factor. Or, in other words, the highest offer isn’t always the best offer—so when comparing offers, make sure to take all factors into consideration (for example, an all-cash offer may be a better option than an offer that’s slightly higher, but has an appraisal contingency).
If you’re a first-time seller in today’s market, it’s important to know the common mistakes sellers are making; that way, you can avoid those mistakes—and ensure that your home sale moves as quickly, easily, and profitably as possible.