First-time Home Sellers: How to Avoid Common Hurdles

Selling a home may make it possible to lock in profits in hot real estate markets, make it easier to downsize or enable you to relocate for work. However, there is a right way and a wrong way to go through this process. Following best practices can help you avoid many common hurdles that others may face when attempting to sell their house.

Make Sure the Home Is Priced Well

If a home is not priced in accordance with the market, the home is not likely to draw much interest. This is true whether you ask for too much or ask for too little. When you overprice, buyers assume that they can find better value elsewhere. When you price too low, a buyer assumes that there is something significantly wrong with the property. If you want to offer extra value to a buyer, be upfront about your willingness to offer sellers concessions or to leave appliances in the home.

You Aren’t Marketing the Home Properly

You have to take a role in marketing your property if you want to attract attention to your listing. It should be included in the MLS system as well as listed on Facebook and other social media outlets. Increasing the visibility of your home makes it easier to attract buyers. You should also have a for sale sign outside of your home with the name and number of your agent. This makes it easier for someone from EXIT Lakes Realty Premier or any other company to connect with your agent and start working out the terms of a deal.

Don’t Take Too Long Accepting an Offer

In a market where homes are in high demand, you may get multiple offers on your property. However, this doesn’t mean that you can keep buyers waiting forever. You should aim to make a decision within 24 hours of getting an offer or within 24 hours of your deadline for buyers to submit offers. This assures that the buyer who submits the offer that you accept hasn’t already purchased another property.

If you are trying to sell your property, it is important that you do so correctly. Marketing your home, accepting an offer in a timely manner and making sure that the home is properly priced make it more likely that a buyer will want to look at and make an offer on your house. This enables you to close the deal in a timely manner and move on with your life.


About the Author: Lizzie Weakley is a freelance writer from Columbus, Ohio. She went to college at The Ohio State University where she studied communications. In her free time, she enjoys the outdoors and long walks in the park with her 3-year-old husky Snowball. The information in this article is credited to EXIT Lakes Realty Premier.

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