Selling your home can be an emotionally challenging and time-consuming process, even with the help of a real estate agent. And with the amount of work there is to be done, it can be easy for first time sellers to make mistakes when selling their home, especially when the market isn’t particularly hot. Your home may be criticized for the smallest thing, which in reality, won’t make any difference in the long run, and the process is putting an emotional toll on your household. In this article, we take a look at some common pitfalls when selling your home, so you can focus on getting the highest price possible without completely losing your mind.
It can be hard not to get emotional when selling your home, especially if it’s the first home you’ve ever purchased. However, it’s important to not look at what you’re losing when selling your home, but focus solely on what you’re gaining. Otherwise, the process is going to be much harder than it needs to be.
Investopedia tells us more about why you need to leave your emotions at the door when selling your home:
“Think it’s impossible? It’s not. Once you decide to sell your home, start thinking of yourself as a businessperson and salesperson rather than just the homeowner. In fact, forget altogether that you’re the homeowner. By looking at the transaction from a purely financial perspective, you’ll distance yourself from the emotional aspects of selling the property.”
Not Clearing the Clutter
We get it, you’re currently in the process of organizing your clutter so you can move out of your home, and everything’s not picked up quite yet. However, a well put together home is important to attracting buyers, and you’re not going to get as many bites if you have toys all over the floor, or a pet-related odor seeping out of your carpet.
Ramsey Solutions explains why clearing the clutter is an absolute must when presenting your home:
“This goes without saying, but it’s hard to show off the beauty of your home if it’s full of clutter. Piles of paperwork, misplaced toys, and torn-up furniture make your home look like a slop-fest to buyers. And don’t forget pets. If you want to attract buyers, you’ve got to pretend Lassie doesn’t live there anymore. So, clear every surface, pack up the toys, eliminate odors, clean up stains, and get rid of half-chewed rawhides. You’re marketing a house. It’s time to treat your home like it’s the buyer’s home. Get everyone in your household on board. Tell them your house is now a fancy bed and breakfast.”
Choosing the Wrong Agent or the Wrong Way to Sell
Last but not least, it’s important to make sure that you’ve hired the right agent to assist you in selling your property – or that you’ve hired an agent at all. Even though your real estate agent will receive a commission from selling your home, more often than not a good agent will save you much more than you’ve spent on paying their fee.
Opendoor tells us why it’s important to make sure that you’ve done your research when selecting the right real estate agent for your property:
“If you choose to work with a real estate agent, make sure you select an agent who has your best interests at heart. According to Realtor.com, some agents charge a flat fee, while others charge a percentage of the sales price, usually 5 percent. Sellers can negotiate the commission. To help ensure you’re getting the most bang for your buck, take the time to interview potential real estate agents. Check their licensing and credentials, talk with past clients, and make sure they have plenty of experience selling in your particular area and price point.”
Ready to put your home on the market? With over 30 years of experience representing buyers and sellers in the British Columbia market, we can help you get the most out of selling your property. Contact Cascadia Pacific Realty, Ltd today to get started!