3 Costly Mistakes To Avoid When Selling Your Home

Looking to sell your home in the near future? If so, then of course you want to get top dollar for your home and to enjoy the most stress-free selling experience possible. Unfortunately, the reality of selling a home can often be quite different than a buyer's expectations. There are a few mistakes you can avoid, however, that will make selling your home easier and potentially help you out financially down the road.

Withholding Information From Buyers

One of the biggest mistakes you can make as a seller is to withhold information from potential buyers in the hopes that they won't discover what you're covering up. For example, you might fail to disclose the fact that your basement has a tendency to flood every time there's a heavy rainfall or that you have a leaky roof. More than likely, these problems will be discovered during the home inspection and, even if they're not, they will be discovered at some point. If it turns out that you purposely withheld that information from your buyers, you could end up facing a hefty lawsuit down the road. Always be honest.

Overpricing Your Home

Another very common mistake that home sellers tend to make is drastically overpricing their home. This often occurs as a result of homeowners having too much of an emotional attachment to the home to realize its true value. As a result, the sellers have a hard time finding interested buyers and the home sits on the market for months or even years on end. To avoid this mistake, always consult with a professional Realtor to find out a fair asking price for your home before you list it. And trust your Realtor or real estate agent's assessment of your home's value; they're not going to lowball you, because they get paid on commission.

Sticking Around for Showings

Finally, don't make things awkward for potential buyers by sticking around for house showings. Yes, you might have a lot of great things to say about the house, but most buyers would prefer to enjoy a showing on their own or with their real estate agents. Be prepared to have to leave the house for a sudden showing and always keep it in tip-top shape so that it's ready and staged for impromptu showings. After all, a well staged home really can make all the difference in your ability to sell your property.