{"id":24342,"date":"2021-03-17T16:28:07","date_gmt":"2021-03-17T16:28:07","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=24342"},"modified":"2021-03-17T16:28:39","modified_gmt":"2021-03-17T16:28:39","slug":"blunders-to-avoid-when-selling-a-home","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/blunders-to-avoid-when-selling-a-home\/","title":{"rendered":"Blunders to Avoid When Selling a Home"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><span style=\"font-weight: 400;\">Selling a home can be a tremendously str<\/span><span style=\"font-weight: 400;\">essful experience. Depending on the locale, asking price and market demand, finding the right buyer is liable to prove harrowing. Without even realizing it, many sellers make a bevvy of ill-advised blunders that are sure to turn off prospective purchasers and hurt their bargaining position. Fortunately, while there\u2019s no end-all solution to real estate anxiety, there <\/span><i><span style=\"font-weight: 400;\">are <\/span><\/i><span style=\"font-weight: 400;\">numerous steps you can take to make the home-selling process less arduous. Sellers looking to unload their homes in a timely manner would be wise to avoid the following mistakes.\u00a0<\/span><\/p>\n<h3><img loading=\"lazy\" class=\" wp-image-24343 aligncenter\" src=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2021\/03\/Pic-1-2.jpg\" alt=\"\" width=\"528\" height=\"354\" \/><b>Poor Pricing\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If your home is located in a popular area that\u2019s rapidly growing, you may be able to command an impressive asking price. On the flip side, if you live in an area with low to moderate demand, you may need to be a bit more realistic when pricing your property. Unsurprisingly, people tend to assign a fair amount of sentimental value to their homes. In light of the many memories created within its walls, it\u2019s easy to see why you\u2019d view your home as an irreplaceable treasure. However, it\u2019s important to realize that prospective buyers are not going to see things in the same light. Just as it\u2019s your goal to get the highest possible price, it\u2019s <\/span><i><span style=\"font-weight: 400;\">their<\/span><\/i><span style=\"font-weight: 400;\"> prerogative to pay as little as possible. As such, you\u2019d do well to work with an experienced real estate agent in determining a fair asking price. <\/span><a href=\"https:\/\/www.investopedia.com\/articles\/mortgages-real-estate\/08\/home-seller-mistakes-selling-house.asp\"><span style=\"font-weight: 400;\">Pricing your home unrealistically is liable to turn off prospective buyers and result in the property staying on the market for a very long time<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to pricing your home fairly, you\u2019ll need to accept that you probably aren\u2019t going to get the asking price. Again, if you live in a high-demand area and multiple buyers are clamouring to purchase your property, the situation is quite different, but more often than not, buyers are given a small discount on the final sale. As is the case with car-buying and other large purchases, home-selling involves negotiations, and neither side is likely to get 100% of what they want. \u00a0<\/span><\/p>\n<h3><b>Failing to Budget Accordingly\u00a0<\/b><\/h3>\n<p><a href=\"https:\/\/www.opendoor.com\/w\/blog\/mistakes-to-avoid-when-selling-your-home\"><span style=\"font-weight: 400;\">Many sellers tend to underestimate the cost of moving<\/span><\/a><span style=\"font-weight: 400;\"> \u2013 and to a point, this is understandable. Since most homes sell for a hefty sum, it\u2019s only natural to assume that the profit you make from your home sale will cover the various costs associated with <\/span><i><span style=\"font-weight: 400;\">your <\/span><\/i><span style=\"font-weight: 400;\">relocation. While there\u2019s a good chance that this will be the case, it\u2019s imperative that you sit down and draw up a relocation budget at the beginning of the selling process. For starters, you\u2019ll need to consider the fact that selling costs can account for roughly 10% of your profits. Secondly, if you intend to relocate in advance of selling your current home, you may temporarily be stuck paying two mortgages, and if you\u2019re financially unprepared for such an expense, staying put until your home sells is likely to be a wiser course of action. Lastly, if the home you intend to move into won\u2019t be ready by the time you sell your home, take care to factor in the cost of an extended hotel stay or temporarily renting an apartment.\u00a0<\/span><\/p>\n<h3><b>Leaving Large Issues Unresolved\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">If your home is being placed on the market with outstanding aesthetic, structural or electrical issues, any offers you receive are going to be well below your asking price. Any buyer is going to take the cost of tending to those issues into account when making an offer, and you\u2019re unlikely to be pleased with the results. With this in mind, <\/span><a href=\"https:\/\/porch.com\/near-me\/general-contractors\"><span style=\"font-weight: 400;\">look online for \u2018contractors near me<\/span><\/a><span style=\"font-weight: 400;\">\u2019<\/span><span style=\"font-weight: 400;\"> and fix any outstanding issues taken care of in advance of listing your property.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" class=\"size-full wp-image-24344 aligncenter\" src=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2021\/03\/Pic7.jpg\" alt=\"\" width=\"526\" height=\"373\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Even under the best of circumstances, selling a home can be a test of endurance. For starters, dealing with pushy realtors is no picnic. Furthermore, getting the property in sellable condition, taking measures to attract prospective buyers and haggling with interested parties are all tasks that are rife with stress and frustration. Of course, this doesn\u2019t mean that home seller should simply resign themselves to having a terrible experience. By taking active measures to avoid the blunders discussed above, you can make the home-selling process easier for everyone involved.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h6>Ref number:\u00a0THSI-2209<\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Selling a home can be a tremendously stressful experience. Depending on the locale, asking price and market demand, finding the right buyer is liable to prove harrowing. Without even realizing it, many sellers make a bevvy of ill-advised blunders that<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/blunders-to-avoid-when-selling-a-home\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":81,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[1,16,8],"tags":[],"wl_entity_type":[602],"modified_by":"THS","_wl_alt_label":[],"jetpack_featured_media_url":"","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/blunders_to_avoid_when_selling_a_home_2","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/24342"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/81"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=24342"}],"version-history":[{"count":1,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/24342\/revisions"}],"predecessor-version":[{"id":24345,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/24342\/revisions\/24345"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=24342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=24342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=24342"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=24342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}