Selling your home is a big personal decision—after all, you’ll be letting go of memories in your old home and looking forward to more experiences in a new one. But it’s also important to not let your emotional attachments get in the way of what is, bottom line, a huge financial decision. Your home is likely one of the largest financial investments you’ll ever make, and it’s crucial to treat it as such. Here are three common selling mistakes to avoid when listing a home in 2020.
Overpricing your home
Even in a high-demand low-inventory market like we’re experiencing in the Triangle right now, it’s important not to overprice your home. You might find a buyer willing to pay your price—and still end up in trouble after the appraisal. Remember, a bank isn’t going to lend a buyer more money than a home is worth, so if you overprice, you might wind up renegotiating.
Don’t let your love for your home cloud your judgement. Ask an experienced professional to accurately value your home.
Letting your emotions interfere
If you’re like the average American homeowner, you’ve probably been in your home about ten years (or more), and that means you’ve likely made some memories (good and bad) and shared a lot of experiences with loved ones while you’ve been there. It’s natural to have an emotional attachment to your house, but it’s important not to let that inhibit your sale.
Don’t let your love for your home get in the way of pricing, negotiating, or even staging and showing your home.
Not staging your home
Your home likely has a specific “look”—a color scheme, a certain type of furniture or style of decor, or maybe just that warm lived-in look of kids’ art and friendly clutter. You’ve grown to love it (or at least, you’re used to it), but don’t make the mistake of thinking that all your buyers will, too.
When selling a home, it’s highly beneficial to remove some of the “you” from your living spaces, giving them a lived-in yet impersonal look. This allows buyers to picture their own personalizations.
Avoid Selling Mistakes with Us!
If you want to make 2020 the year you sell your home for top dollar, Linda Craft & Team, REALTORS® is here to help! With our combined 350+ years of experience, we’ll ensure you price your home correctly, stage it beautifully, and keep your emotions out of the equation.