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Common Mistakes When Selling Your Denver Home in Hale

November 24, 2015

Moving to a new place can be very exciting, but getting your current home sold can cause a number of headaches - especially if you are not properly prepared. Before you make it official, consider these six common mistakes many homeowners in Hale might make when selling their home:

Selling Too Soon
It should go without saying that selling your home is a big decision. It can take weeks or months to sell your home, so it is important that you make sure you have done your homework and put in some serious thought into before making the plunge. Understand why you want to move and make sure you know what the current housing market is like before putting up that “For Sale” sign.

Too Much Upgrading
Everyone wants to create the home of their dreams by adding customizations and upgrades. However, if you upgrade your home beyond the other comparable properties in the area you could end up losing money in the long run. It can be helpful to consult with a local real estate agent if you want to determine whether your potential upgrades are inline with the neighborhood standards.

Neglecting Repairs
On the flip side, selling your home before is physically ready can be detrimental. Before listing your home, complete any necessary repairs, such as bad plumbing, damaged walls, or a leaky roof. If you want to increase the chances of your home selling quickly, consider cosmetic updates like repainting, replacing worn out appliances, and carpeting. And do not forget to thoroughly clean, declutter your home, and maintain the yard.

Improper Pricing
Your first instinct when pricing your home might be to base it off of how much profit you would like to make. But in order to determine the right price you need to know what comparable properties are listed at and how much they have recently sold for, as well as the condition of your home and the official appraisal. Setting your price too high is likely to increase the amount of time it spends on the market, which will ultimately cost you more in the long run.

Not Advertising
To attract the highest amount of interest possible it is smart to utilize a variety of advertising methods. There are a number of options, including classified ads, online listings, newspaper ads, open houses, social media, microsites, and virtual tours. These are all valuable ways to get the word out about your home and attract potential buyers.

Choosing the Wrong Realtor
Working with the right realtor can provide many advantages when selling your home. A quality real estate agent will have a deep understanding of the market, be able to help you price your home, and help you attract buyers. While many people have a friend or family member who is a licensed realtor, it is vital that you do your research and hire someone with the proper experience to help you sell your home quickly and efficiently.

If you are considering selling your home, give Elevation Real Estate a call. We have the experience necessary to make help you sell your home without all the hassle.