If you need assistance, please call 416-884-1359

AVOID THESE COMMON SELLER MISTAKES

Friday, March 31, 2023   /   by Ameil Gill

AVOID THESE COMMON SELLER MISTAKES

AVOID THESE COMMON SELLER MISTAKES


Selling your home can be both an exciting and also intimidating experience that may feel overwhelming at times. However, you don’t have to face it alone. I’m here to help!


I’ve put together a list of common seller mistakes to avoid, so if you’re thinking of selling this spring, you’ll be prepared.


1. DOING IT ALONE.


From pricing your home right to negotiating with potential buyers, an experienced agent has the knowledge and expertise to help you every step of the way. Not to mention, the right agent will ensure you sell your home quickly, and for more money, than if you try to do it on your own.


Did you know?


? Homes that were sold For Sale By Owner (FSBO), sold for about 26% less on average than properties represented by real estate agents.


? Instant offer sites tack on lots of fees AND pay less than market value for your home.


By hiring a skilled realtor, your home will get more exposure, you’ll have a skilled negotiator advocating on your behalf, you’ll have someone looking out for your best interests, and you’ll maximize your profits.


2. STAYING IN A HOME YOU DON’T LOVE


Have you outgrown your home? Don’t love your current neighborhood or commute? Is it time to downsize? Or do you just want an upgrade (or a new beautiful kitchen)?


There is no such thing as the “perfect time” to make a move — the time is right when you are no longer happy with where you live and have the financial stability to change that.


Life is too short to live in a home you don’t love. Moving to a new home that better suits your needs, lifestyle, and personality can have a transformative effect on your life. You deserve a home that makes you feel happy, comfortable, and inspired, so don’t settle for anything less!


3. NOT PREPARING YOUR HOME FOR THE MARKET.


Preparing your home for the market isessential, because it creates a favorable first impression, helps you stand out from the competition, allows buyers to envision themselves living in the home, and will help you sell quickly, and for top dollar.


This involves decluttering, deep cleaning, depersonalizing, organizing, home staging, and even minor upgrades such as a fresh coat of paint, swapping out dated light fixtures, or replacing old carpets.


Even in a seller’s market, it is important to prepare your home to sell!


4. OVERPRICING YOUR HOME.


Pricing your home correctly is the single most important factor to consider when you’re selling your home.


Your property attracts the most interest when it is first listed, and the majority of showings on a home occur in the first 30 days of hitting the market. Buyers have access to online home valuation tools and know when a home is overpriced, and very few buyers will even make an offer on an overpriced home — they will wait for the price to drop. Further, after your house has been on the market for several weeks or months, buyers will notice the number of days on market and may assume there is something wrong with your home.


In the end, you may end up making less money by overpricing, than you would have if you’d priced your house correctly when it was first listed. A home that is priced right will generate more interest and sell faster.

REMAX Realty One Inc. - The Gill Team
Ameil Gill
50 Burnhamthorpe Road West Sussex Centre Ste #102
Mississauga, ON L5B 3C2
416-884-1359

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2023 Last Updated June 7, 2023
This site powered by CINC: www.cincpro.com