Here are 8 of the most common (and costly) mistakes made by home sellers in ANY type of real estate market.
8 Costly Mistakes Made By Home Sellers In Winnipeg
Want to get top dollar for your home (and who doesn’t)? Here is a list of 8 of the most common and costly mistakes made by home sellers. Whether you are selling a house or a condo, in a hot market or a slow one, take a look at these and find ways to avoid the mistakes that can cost you money.
1) Bad Photos on the MLS®
Over 90% of home buyers are starting their search on the internet, looking for nice-looking photos of homes to go and see in person. If you publish sub-par photos, they will pass your by and never even come to see your home.
2) ‘Hovering’ around during the showing
When buyers show up to take a look at your place, be gone! Especially in the early stages of looking at homes, buyers generally do not want to meet and deal with the owner directly. They just want to see your home. So be out during the showing.
3) Failure to provide marketing materials
A home purchase is not an impulse buy. Buyers want to go home, think about it, study the descriptions and photos of the home. So give them something to study: give them a nice looking, detailed brochure of your home.
4) Leaving Pets in the Home during the showing
Not all buyers love pets. In fact, a growing percentage of home and condo buyers are allergic to cats and even dogs. So take Fido or Fluffy with you, and leave the buyers to look at your home without the distractions that pets offer.
5) Setting the wrong temperature
Don’t set the home too warm, or too cold. It’s ok if YOU want to save money on energy bills in the winter and set the thermostat real low, but make sure your potential buyers feel comfortable in the house. In the winter time, set it to around 20-22 degrees celsius (68-72) and in the summer, around 23-25 (74-77) to make the buyers feel at home!
6) Setting the wrong price
A house or condo is never more exciting than the first couple of weeks on the market. After that, buyers start to get suspicious and start to look for ‘reasons why’ the home hasnt sold. So get that initial asking-price correct.
7) Trying to sell “As-Is”
Don’t over-estimate the strength of the market. Your neighbours home might have received 8 offers, but that does not mean your home will. Make sure it’s clean, all problems have been fixed, or replaced, and the home is truly ready for the showings.
8) Going it alone
As the owner, you may have an emotional attachment to your home. That may make it more difficult for you to negotiate and accept criticism about it. Have a professional in your corner.