Some homeowners are prepared to list their houses for sale or find a way to sell their homes fast as the Winter season approaches, and the real estate market is still hot. As local homebuyers in Knoxville, we are often asked what frequent seller blunders to avoid if you’re selling your home. The team at Shipwash Properties has outlined five common mistakes homeowners make while selling their property, so you, the home seller, can make educated and informed decisions when selling your house in Knoxville.
Trying To Sell Your House Without an Agent Or Not Contacting A Reputable Homebuyer
We often hear many home sellers in Knoxville say, “I would never sell my home with a realtor because of the high fees that come with it.” This is a mistake for a variety of reasons, the most important of which being the difference in average time it takes to sell an FSBO (for sale by owner) home vs one listed by a real estate agent. Properties offered for sale by owner (FSBO) tend to stay on the market longer and sell for less than homes sold through an agency. When you consider the possible losses due to time on market (additional mortgage payments, upkeep, and other associated expenditures), as well as the lower average sales price, it’s clear that selling your property yourself is a losing proposition.
Realtors not only have access to real estate tools such as the Multiple Listing Service (MLS) and other resources, but they’ll also work to get you the best deal with the best potential buyers. They’ll also act as a buffer, protecting your interests from demanding buyers, unfair inspection requests, and stressful negotiations. But you DON’T have to hire a realtor or try to sell the property yourself if you don’t want to. If this is you, consider reaching out to a reputable homebuyer in Knoxville. These companies will buy your home as-is, pay in cash, and work your timeline.
The bottom line is that real estate professionals will help you sell your property faster and for more money, while also alleviating much of the stress associated with the process. That way, you can concentrate on your relocation rather than trying to sell your house. The real estate experts at Shipwash Properties can help guide you through the process of selling your home, fast and efficiently.
Overvaluing Your Home
Our homes are extremely important to us. As a result, we frequently have an exaggerated sense of how much our home is worth. An increased asking price, on the other hand, usually suggests your home will take considerably longer to sell, if it sells at all.
Another way Realtors can assist you in selling your house is by setting the right price. Your realtor will use recently bought and sold houses in your region to do market comparisons, or “comps.” Here at Shipwash Properties, we’ll consider a variety of criteria, including the size of the home, upgrades, lot size, amenities, and so on, before recommending a reasonable market price that will have your home sold without hassle or stress.
Not Sufficiently Preparing Your Home To Sale
It’s something real estate brokers encounter far too frequently: homes that aren’t camera-ready and owners who are unwilling to put in the effort to make their homes sparkle. Homes that appear to be obsolete, in need of repairs, or cluttered or messy will not sell easily on the market.
Your Realtor will advise some methods to make your property more desirable to buyers before you put it for sale. Get rid of the clutter, style your property to make it appear more open and inviting, and work on your curb appeal. A few minor adjustments might have a big influence on your overall revenues.
Selling and Moving Costs Are Underestimated
The most costly error a homeowner can make is underestimating the cost of selling and moving.
You may find yourself in a difficult situation if you don’t have enough money to pay your Realtor, any necessary closing expenses or other selling fees, and any potential repairs or modifications. Of course, selling direct to a local homebuyer can completely eliminate these costs and put more money in your pocket.
Not Budging On Price
Buyers that are interested in the property may request concessions, allowances, or particular repairs. Buyers who refuse to make any concessions will end up without an agreement.
Need to Sell Your House in Knoxville Fast?
We buy houses in Knoxville, so we understand it can be a stressful process to put your house on the market. You may, however, sell your property successfully with some planning and expectation management. But maybe you don’t have the time or the desire to deal with the whole listing process. If you want to sell your home fast for cash, we would love to help! We are local homebuyers located right here in Knoxville, TN. If you’re just curious about the home selling process? The experienced team at Shipwash Properties would be delighted to assist in that as well! Please leave a remark or get in touch with us if you have any questions!
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