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If you are selling, do not do these things - take some notes from the video! 1. Dont Sell Before The House Is Ready. If it doesnt present well, it will not sell well. 2. Dont Over-Improve People buy houses in neighborhoods. If yours is so improved that it sticks outyoure hurting your chances at selling. 3. Hire Wrong Make your agent choice for business reasons. Personal relationships matter, but experience and expertise will determine financial success in your sale. 4. Dont Hide Anything Covering up or failing to mention real problems doesnt work. State disclosure laws are strictand you can be sued after the sale for anything that should have been made clear. 5. Dont Rush You should know aboutyour mortgage, including pre-payment penaltiesyour market conditions and trendsand your options for your next homebefore jumping on the market. 6. Dont Get Too Emotional Your attachment to your houseand your own financial needs do not really matter in the transaction. If you cant set them asidethe sale will not go as you would like it to. Remember - it was your home, but to the buyer, it is a house.
As you will see in this video, real estate marketplaces are generally most active in summer because families with children want to move in before school starts. So more homes are typically available in summer as well. But buyers and sellers tend to balance out in other seasons, too especially in todays tight market. There may be fewer buyers in late December but usually fewer homes, too. So, prices tend to rise or fall on general demand in that market rather than time of year. It is best to sell when you & your house are ready to sell. Start working with a real estate professional as early as possible to make the most of your sale in any season.
Most people do not know enough to sell their own house. Heres why. 1. They Cant List It! Only licensed brokers and agents can create a listing in the MLS sale-by-owner houses will be invisible to agents and unavailable on the Web. 2. Agents Wont Show It. Typically, a buyers agent gets part of the commission paid to the sellers agent. Sale-by-owner houses do not have that commission commitment so a buyers agent might not get paid. No agents makes the pool of buyers MUCH smaller. 3. It is Probably Overpriced. Most homeowners do not have enough data and emotional distance to put a market price on their own home. and overpricing is another deterrent to potential buyers. 4. Buyers Prefer Neutrality Buyers will spend less time in the home and be less likely to make an offer because owners arent neutral about the transaction. 5. Legalities & Complexities. Real estate transactions are complicated. Most homeowners do not know enough to avoid potentially expensive liabilities Overlooking a form or required disclosure exposes the seller to lawsuitsAFTER the transaction is closed. There are buyers with enough real estate experience to sell their own homebut if you havent ever sold someone elses home you probably shouldnt try selling your own.