When listing your property with a real estate agent, it’s important to avoid these four common mistakes:
- Choosing the wrong agent: The success of your sale can depend on the expertise and experience of the real estate agent you choose. It’s important to do your research and select an agent who has a track record of successful sales in your area and who you feel comfortable working with.
- Overpricing your home: Overpricing your home can be a costly mistake. If your home is priced too high, it may sit on the market for too long, leading to price reductions and lower offers. To avoid this mistake, work with your agent to determine a fair market value for your home based on recent sales in your area.
- Neglecting repairs and staging: Neglecting repairs and staging can turn off potential buyers and lead to a lower sale price. Make sure your home is in good condition and address any necessary repairs before listing. Additionally, staging your home can help potential buyers visualize themselves living in the space and increase the perceived value of the property.
- Being inflexible with showings: Being inflexible with showings can limit the number of potential buyers who view your home. It’s important to work with your agent to develop a showing schedule that accommodates potential buyers while also being convenient for you. This may mean being flexible with your schedule and allowing for evening or weekend showings.
By avoiding these mistakes, you can increase your chances of a successful and profitable sale. Remember to work closely with your agent, be open to feedback, and stay informed throughout the process.
If you’re looking to sell your San Antonio house, or if you’re an agent who is selling houses in San Antonio then here are 4 mistakes you should avoid when listing when an agent in San Antonio…
First, Don’t Assume That You Can Sell Right Away
The market varies and can even shift from one day to the next, depending on a number of factors. So make sure you set realistic timelines about how long it will take to sell.
If you are a seller, assume it will take months for the sales process to be completed – from fixing up the house to showing buyers to negotiating to setting a closing date to moving out. If you are an agent, be careful not to over-promise a timeline to your sellers – set their expectations.
Second, Don’t Assume That The Asking Price Will Be The Selling Price
The asking price is the starting point in the sales process – it establishes what a seller wants to sell for.
If you are a seller, realize that the actual selling price might be different than the asking price. If you’re an agent, make sure you explain this to your sellers.
Third, Don’t Assume All The Money Goes Right Into Your Pocket
Some people make the mistake of assuming that the selling price (minus anything they owe on their mortgage) is pure profit. But this is not true.
If you are a seller, make sure you know that there will be agent commissions, closing costs, and other fees you’ll have to pay. If you’re a real estate agent, make sure you explain to your customers.
Fourth, Don’t Assume That The First Offer Will Go Through
Buyers often make offers and then discover that they can’t get financing for some reason.
If you are a seller, be prepared to have one or two buyers fall through before a buyer can be found. If you’re a real estate agent, prepare your sellers ahead of time by explaining this so they can be ready in case it happens.