4 common mistakes home sellers often make in Philadelphia – To save time or money, homeowners make decisions that they later discover were errors. We’ve gathered the facts on your behalf to assist you avoid these mistakes and the consequences, which can severely effect your real estate transaction, whether you list with a real estate agent, sell as an FSBO on your own, or sell directly. Continue reading to learn about the four most typical mistakes made by house sellers in Philadelphia.
Pricing
Setting a price for your listing isn’t easy; pricing too high or too low is a costly mistake that many Philadelphia property sellers make. A mistake in either manner can cause your listing to linger as the expenses continue to come in. In the past, sellers would establish a higher price than the market to fight lower offers. However, because tech-savvy consumers perform their initial property searches through internet postings, if the price is too high, they simply scroll past it. While the majority of purchasers are looking for move-in ready homes, some will gladly accept lower-priced homes if they can find a good bargain. When you engage with a professional buyer like those at Philly Homes And Lots, they will present you with the specifics on how much you’ll benefit from all of your selling alternatives to help you make an informed decision on what is best for your situation.
Inspection
Another common blunder made by home sellers in Philadelphia is failing to get a pre-inspection. Unless you’re selling a brand-new property, it’s recommended scheduling a pre-inspection so you’ll know what to expect in terms of time and costs for any necessary repairs. Otherwise, you could be weeks into a contract with your buyer, seeking to qualify for a mortgage from a lender, only to have the deal fall apart when the house fails the inspection. By selling straight to a professional buyer like Philly Homes And Lots, you can leave any concerns regarding the inspection and repairs behind; we buy houses as-is.
Prepping
Skipping stages in preparation is another common mistake made by home sellers in Philadelphia, which simply delays the selling of the home in the long run. Assume you’re trying to sell something on your own. Consider a fresh coat of paint, new flooring, and updated appliances in this situation, and don’t overlook the value of lighting for excellent digital photographs and showings. You should also make plans to keep all signs of your pet out of sight of potential buyers, as well as a place to take family members and pets during showings. Personal items, such as family photos or sports mementos, should also be packed away by sellers. Closets and other built-in storage should be half-filled to indicate abundant space and off-site storage, as well as larger pieces of furniture that can make rooms appear smaller. Alternatively, work with a professional buyer like those at Philly Homes And Lots to avoid the prep!
Emotions
Unfortunately, house sellers in Philadelphia frequently make another mistake by allowing their emotions to control during negotiations. It is best to put one’s feelings aside when conducting business; yet, this can be difficult, for example, when you are humiliated by an offer that is substantially lower than the asking price. When you engage with a professional buyer from Philly Homes And Lots, on the other hand, you can rest assured that you’ve priced your house correctly for listing, or you can accept our cash offer, which you’ll agree is fair.
Don’t make the mistakes home sellers often make in Philadelphia; let the pros at Philly Homes And Lots help you make the best choice for your situation instead. Contact Philly Homes And Lots at (215) 385-3055.