If you’re selling your home, then you’ve no doubt received lots of advice (some of it unsolicited). While those offering advice may have good intentions, the information they are sharing isn’t always correct. In fact, there is some advice that could actually hurt your home sale. When it’s time to put your home on the market, make sure you ignore these home-selling tips.
Price your home high
There’s no denying you want to sell your home for a great price. But those who tell you to price your home too high in the beginning are setting you up for problems. If your home is priced higher than the comps in your neighborhood, it is unlikely to sell quickly. In fact, your home could languish on the market and cause your listing to become stale. It is essential to price your home correctly from the beginning.
Don’t make any updates
It can be tempting to listen to those who would tell you not to make any updates to your home for sale. Who wants to spend time and money upgrading a home they aren’t going to live in? However, you need to be realistic and look at your home through the eyes of potential buyers. Many buyers are looking for homes that are move-in ready. They don’t want to spend time and money getting the house fixed up before they can move in. If you have any needed updates or repairs, make them.
Always take the first offer
We understand that you want your home to sell quickly, and that it’s tempting to take the first offer. But if you live in an area with a healthy housing market, you may be missing out on better offers. You don’t have to take the first offer, especially if it’s a low-ball offer. There is no harm in waiting after you’ve first listed to see what other buyers may come forward. Have an in-depth discussion with your realtor and ask them to advise you based on the current market in your area before making any decisions.
Paint over your problems
Nobody wants to admit that their home has a mold problem or is in need of a major repair. Yes, it would be easier to simply paint over those problems and pretend like they don’t exist. And you may get away with it – at first. But if your buyer discovers that you did not disclose these issues, you could have a serious problem on your hands. You need to address these repairs before you list, and make sure you disclose them to the buyer.
The outside of the house doesn’t matter
We’re not sure who is giving you this advice, but you definitely don’t want to take it. Curb appeal is one of the most important characteristics of a home when you’re selling. Buyers will always see the outside of your home before they see the inside. If the exterior needs work, they are less likely to want to see your home in person. It doesn’t take much money or effort to spruce up your curb appeal, and it will make your home much more attractive to potential buyers. It’s an easy way to boost your chances of a quicker sale and usually for more money.