To save time or money, homeowners make choices that they learn all too late were mistakes. Whether you list with a real estate agent or sell as an FSBO on your own, or sell directly, we’ve gathered the information on your behalf to help you avoid these missteps and the consequences, which can negatively impact your real estate transaction. Read on to discover the four most common mistakes home sellers often make in Maryland.
Setting a price for your listing isn’t a simple matter; pricing too high or too low is a costly mistake home sellers often make in Maryland. An error in either direction can leave your listing lingering while the bills keep rolling in. In the past, sellers set an above-market price to counter lower offers. However, because tech-savvy buyers conduct initial home searches via online listings, they just scroll by if the price is too high. While most buyers are seeking move-in-ready properties, some buyers will gladly scoop up lower-priced properties if they can get a steal of a deal. To help you make an informed decision on what is best for your circumstance when you work with a professional buyer like those at Simple Homebuyers, they will provide you with the details on how much you’ll profit from all of your selling options.
Failure to have a preinspection is one more common mistake home sellers make in Maryland. Unless you’re selling a new home, it’s worth taking the time to have a preinspection, so you’ll know what to expect in time and expenses for any necessary repairs. Otherwise, you may find yourself weeks into a contract with your buyer trying to qualify for a mortgage from a lender, only to have the deal fall apart when the property doesn’t pass the inspection. You can leave any concerns about the inspection and making repairs behind by selling directly to a professional buyer like those at Simple Homebuyers; we buy houses as-is.
Often motivated by saving money, skipping steps in prepping is another mistake home sellers often make in Maryland, which only delays the home’s sale in the long run. Suppose you’re trying to sell on your own. In that case, consider a fresh coat of paint and updates to flooring and appliances, and don’t forget the importance of lighting for professional digital images and during showings. You should also arrange to have all signs of your pet easily removed from the sight of buyers and somewhere to take family members and pets during showings. Sellers should also pack away any possessions of a personal nature, such as family photos or team memorabilia. Closets and other built-in storage should be only half full to show ample space and extra items stored off-site, along with larger pieces of furniture which may make rooms appear smaller. Or, work with a professional buyer like those from Simple Homebuyers and skip the prepping!
Regrettably, home sellers often make an additional mistake in Maryland, allowing their emotions to rule during negotiations. While conducting business, it is best to set aside one’s feelings; however, this can be difficult, for example, when you feel insulted by an offer that comes in significantly below the asking price. On the other hand, you can feel confident knowing that you’ve priced your home right for listing when you work with a professional buyer from Simple Homebuyers, or you can accept our cash offer that you will agree is fair.