| Selling your home can be an exhausting experience. Last minute
walk throughs, inconvenient calls, price adjustment and the
possibility of being stuck with two mortgages are real concerns.
If you are not completely prepared you could end up losing hundreds,
even thousands, of dollars in profit.
The difference between a profitable smooth transaction and
a break even, miserable experience is often a fine line. In
the majority of cases it comes down to the subtle know how
of your professional. By utilizing the knowledge of a well-trained
real estate investor, you'll ensure the quick, profitable
sale of your home. This report is designed to arm you with
the knowledge to avoid 11 common mistakes that cost sellers
serious money.
- Refusing to Make Profit Inducing Repairs
It always costs you more money to sell 'as is' than to
make repairs that will increase the value of your home.
Even minor improvements will often yield as much as three
to five times the repair cost at the time of sale. Your
agent will be able to point out what repairs will significantly
increase the value of your home. Seemingly small fix up
jobs can have quite an impact.
- Not Considering Other Financing Terms
Cash is not always the most advantageous transaction.
Income level, tax benefits and current legislation are
all critical factors when considering purchase terms.
Professional Real Estate Investors are experts at home
transactions and can lead you down the path that will
give you the highest yield.
- Provide Easy Access for Showings
Accessibility is a major key to profitability. Appointment-only
showings are the most restrictive, while a lock box is
the least. However there are certain considerations to
take into account: your lifestyle, time frame for the
desired sale and the relationship with the person representing
your interests. The more accessible your home is, the
better the odds of finding a person willing to pay your
asking price. You never know if the one that couldn't
get a viewing was the one that got away. By developing
a trusting relationship with an investor, he or she will
show the home with your best interests in mind.
- Priced Too Low/Priced Too High
One critical reason to find an experienced professional
real estate investment professional is to make sure the
property is priced appropriately for a timely and profitable
sale. If the property is priced too high it will sit and
develop the identity of a problem property. If it's priced
too low it could cost you considerable profits. The real
estate market has subtle nuances and market changes that
should be re-evaluated by your representaive every 10-14
days to help you maximize your return.
- Relying Solely on Traditional Methods To Sell
Your Home
The real estate professional who is innovative and willing
to offer new strategies of attracting home buyers will
always outperform those who rely on traditional methods.
Demand around the clock advertising exposure, innovative
lead generation methods and lead accountability. These
services exist and should be offered on your home sale.
- Market Timing/Seasonal Selling
Just as a broker who continually follows the trends of
a stock, your real estate professional continually follows
trends of your home market. They will know if the market
cycle is poised to net you the most money. Avoid believing
that property sales are seasonal.. property is always
selling.
- Refusing to Make Cosmetic Changes
The prospective home buyer's first impression is the most
important. Hundreds ordf thousands of home sales have
been lost to unkempt lawns, cluttered rooms, bad stains,
unpleasant odors... all the seemingly little things. Imagine
you were the home buyer and clean your place from top
to bottom... military style.
- Wasting Time With An Unqualified Prospect
Your representative's responsibility is to screen a prospect's
qualifications before valuable time is lost. Be sure to
align yourself with the right professional and eliminate
negotiating with unqualified prospects.
- Don't Test The Market
Never put your property on line to sell unless you are
serious. The right professional will find you buyers and
if you are harboring indecision... you will blow the sale.
- Believing You are Powerless to Make a Difference
Be a part of the team! Take an active role with your real
estate professional to see what you can do to facilitate
your sale. Networking with professional peers and personal
friends often results in the sale of a home. It's surprising
how many homes are sold this way.
- Believing All Realtors, Brokers & Others
are the Same
With all the intricate details and critical decisions
to be made concerning your home sale, should you rely
on anyone but an experienced real estate investment professional?
Many friends and family members have been estranged as
a result of failing to meet expectations. Your home sale
is a time consuming, effort related, difficult task. Maximize
your profit by utilizing a experienced real estate investment
professional.
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