Selling your home can be quite emotionally and physically exhausting and challenging especially when you have not done it before. It may even feel like buyers invade privacy the very moment they step into your house and investigate what it could offer to them. Because of a lack of experience, many homeowners tend to fail at their first time in selling their property and ended up getting disappointed but forced in the negotiation. If you want to avoid this from happening from you, the Chicago home buyer might be the ideal first place you can go to if you are planning on selling your house.
Since you are a first-timer, we will share to you the mistakes you should avoid doing in selling your home:
1. Not hiring an agent
Real estate agents will need a commission, which can be up to 6% of the whole property’s selling price. However, it is not a very good idea to sell your house on your own especially when you are not familiar with the papers, negotiations, and other important matters that you will be needing to face before, during, and after selling the house.
The agent has the best interest to provide you a good buyer and earn you profit more than you deserve. They are also very knowledgeable when it comes to doing the paperwork and negotiating on your behalf. When a problem arises, your agent can also be very helpful in providing expert and informed advice.
It is normal to be emotional especially if you are a first-timer. However, you need to take note that upon deciding in selling your property, you also need to decide to change the role you have t your house – becoming a businessman/woman rather than a house owner. There is a need to distance yourself from the emotional aspects of selling your house and rather focus on negotiation and transactions.
3.Set an unrealistic price
Whether you are working with or without an agent, it is impractical and dishonest to set an unrealistic price for your home, and usually, it pays negatively that no one gets attracted upon seeing and comparing your price and the value of your home. Take int consideration the comparable market analysis to identify the right and appropriate pricing of your property
Underpricing can also be a strategy as this creates many listing on your property and attract many buyers that may result in bidding. You can neglect or refuse an offer you didn’t like later.
4. Not putting importance on photo advertisement
Photos and images are a great deal especially for those homebuyers who need to study place first before meeting you and asking for a tour. There are many potential buyers online and most of them would prefer you to provide photos of the property.
When it comes to providing photos, make sure that the photos are crisp and clear and need to be taken during the daytime. There are also many services that offer photography for your house. It is important as it can be averted effective way to advertise.