HomeSmart, Evergreen Realty
Frank Velasco, HomeSmart, Evergreen RealtyPhone: (714) 478-8747
Email: [email protected]

Mistakes to Avoid When Selling Your Home

by Frank Velasco 01/19/2020

Image by Mohamed Hassan from Pixabay

When it’s time to sell your home, it’s important to make sure it’s done right. Certain selling mistakes could lead to less money for your home than you wanted or other problems that make this process more complicated than it needs to be. Before you put your home on the market, keep these common home selling mistakes in mind, so you can avoid them.

Setting a Price That’s Too High

Although you’ll want to get as much as you can for your home, setting a listing price that is too high could keep buyers away. The price you set for your home should be based on different factors, such as how much similar homes have been selling for in your area or whether or not you’ve made any upgrades that boost the value of your house. Keep in mind that according to the National Association of Realtors (NAR), the typical home stayed on the market for just 3 weeks before being sold. Having a listing price that is too high could lead to a much longer time on the market for your home.

Skipping Major Repairs

If you’re eager to sell your home, you might be tempted to skip major repairs. While this saves you time and money now, it can make it much more difficult to sell your home. You might also end up having to lower your price considerably, since buyers will factor in the cost of these repairs when making their bid.

Grabbing the Highest Offer

While the highest offer might seem like the right one to take, this isn’t always the case. Buyers who are offering the highest bid might include contingencies that make their offer more costly than it seems in terms of money or time. For example, they might include a contingency that they need to sell their own home before buying yours. Rather than focusing on the highest offer, it’s better to look for the best offer, which depends on different factors, such as how soon you want to sell or how much you’re willing to include for seller credits toward repairs.

Deciding Not to Hire a Real Estate Agent

Working with a real estate agent provides you with guidance and expertise while selling your home. Your agent can help you get a better price for your home and attract potential home buyers with open houses and home staging. According to NAR, 91 percent of sellers hired real estate agents to assist them with selling their home. These sellers were able to sell their homes for 99 percent of their listing price. Choosing to sell without a real estate agent could significantly affect how long it takes to sell your home and how much you get for it.

About the Author
Author

Frank Velasco

With over 20 years of experience in the Real Estate Industry, 10 of which were directly working for a

Mortgage Lender, Servicer, Title Insurance Company, and Escrow Company. Well rounded in

knowledge and experience of the complete transaction from start to finish. The purchase or sale of a

home for most people is the biggest investment or sale that they will make in their lifetime; my

knowledge in Finance and Accounting is an added plus to my clients. I am a Real Estate Consultant, not

just a Real Estate Agent. Committed to providing the best service possible. With a complete team of

professionals working for you. Serving the Orange County Area, specializing in the City of Tustin,

Orange, and Irvine. I take my designation as a Realtor very seriously and uphold its professional

integrity standards to its fullest.

Using the latest technology allows my team and me to provide you with the latest up to date Real Estate

Market information. Providing professional, personalized service allowing for a successful Real Estate

transaction.

In the 36 years of living in the Orange County area, I have seen not only the growth of the Orange

County Real Estate market, but also the change in one of the greatest areas to live in the country.

Whether your planning on buying, selling, or have a question feel free to contact me.

Affiliations:

 National Association of Realtors (NAR)

 California Association of Realtors (CAR)

 Pacific West Association of Realtors (PWR)

 National Association of Hispanic Real Estate Professional (NAHREP)

 B.S. Accounting (SDSU)