Whenever an individual decides to sell a house in Colorado Springs, it can be a complex and complicated process. There needs to be a variety of preparatory work completed before the house is listed and home buyers can come see it. If these preparations are not done, it could lead to serious mistakes which result in a loss of thousands of dollars.
This means that you need to have a clear and detailed plan developed before you list your home for sale, and it is definitely a good idea to work with an experienced realtor such as ours at Your Home Sold Guaranteed Realty - Barb Has The Buyers. In fact, our team will happily discuss with you the five worst mistakes that home sellers like you have made which can thoroughly derail the achievement of your real estate goals. With our explanation, you can rest assured that you will be able to avoid these issues.
Disregarding the Importance of a Budget
Selling a home comes with financial elements that need to be taken into consideration before the closing papers can be signed. Many home sellers forget to keep these in mind which can be potentially devastating. One of the biggest issues is the fact that the majority of closing costs associated with a real estate transaction are the responsibility of the home seller. This includes the commissions of realtors for yourself and the home buyer.
Additionally, the easiest way to ensure that you will be able to quickly sell your home is to complete renovations, upgrades, and preparatory work before it gets listed. Of course, this work costs plenty of money. You should also remember that once your home sells, you will need to pack up, move, and buy a new home. These all have steep costs associated with them.
Randomly Choosing a Realtor
Whenever you sell a home, it is important that you work with an experienced realtor who has your best interests in mind. Not every realtor is able to live up to the promises they offer clients, especially when they assure you that you will sell your home fast and for the highest price possible.
Realtors have their own strengths and weaknesses, but it is essential that the realtor you choose has the necessary skills, experience, and expertise to make them the best one in Colorado Springs.
Because you are hiring a realtor, you should interview multiple candidates, just as any business owner would when hiring new employees. During these interviews, you should ask the tough questions. Find out about their experience, history in the area, marketing strategies, and track record. Be sure to look at statistics related to their average selling speed, how many homes they’ve sold in the past six months, and their average list-to-sale price ratio.
Ignoring Your Home’s Appearance
Home buyers will be looking at your home’s appearance, so it is essential that your house for sale in Colorado Springs makes a great first impression. Although repairs and renovations can be expensive, they will be worth the investment when you know that you can sell your house for its full market value.
For this reason, we recommend that you renovate high-traffic areas of the house like the kitchen, bathrooms, and living room. Making the initial upfront investment and going the extra mile will pay off because you will be able to ask a much higher price than listing it as-is. Home buyers will not be able to question your asking price once they see that the renovations have been done.
Keep in mind that home buyers will be comparing your home to others on the market as well as new construction homes. It is essential that your house stands apart from the competition to ensure that you are able to get top dollar for your home.
Using an Amateur Photographer
As the old adage goes, a picture is worth a thousand words. Being able to communicate so much with photographs in the real estate industry means that those photos (and video) need to be the highest quality possible. Because the majority of home buyers browse online listings, they will be seeing a lot of properties and a lot of photos.
How can you stand out and make sure home buyers see your house’s best features? By investing in a professional photographer. Most realtors have a photographer who they recommend, and the cost of the photographer can be covered by the commission you pay.
Any time you are searching for your own photographer, make sure they have ample experience photographing real estate and have an impressive portfolio of work.
Losing Objectivity During Negotiations
When you sell a home, it will likely be a very emotional situation. This can come to the forefront of the transaction during the negotiating phase. A very common mistake home sellers should avoid is losing objectivity during the negotiation stage of the process, especially if you receive a lowball offer from the home buyer. In fact, you should expect this and practice your reaction.
Home buyers want to get the most house for their money, and this initial lowball offer is simply their way of finding out if there is any wiggle room in the price, especially during negotiations. Obviously, you can stand firm with your price or lower it slightly.
Should you choose to remain steadfast in your original asking price, you could offer some concessions that will sweeten the transaction in favor of the home buyer. No matter what you do, be sure you evaluate each and every offer objectively. Don’t take anything personally.
Sell a House in Colorado Springs without Making These 5 Mistakes
Are you ready to sell a house in Colorado Springs? It is vital that you have a clear pricing and marketing strategy set before you list it on the market. Developing this strategy can be tough. We recommend that you work with an experienced and skilled realtor such as ours at Your Home Sold Guaranteed Realty - Barb Has The Buyers.
We have been working with home sellers like you in Colorado Springs for many years, and our selling speed has become legendary. In general, our team sells homes 48% faster and for 2.4% [insert specific data] more money than our competitors.
We have been working with home sellers like you in Black Forest and around Colorado Springs for many years, and our selling speed has become legendary. In general, our team sells homes 60% faster and for 3-8% more money than our competitors.
With all of our success in the real estate industry, we have become known as the best real estate team in Colorado Springs. In addition to our success rate, our unparalleled guarantees truly give you the safety net you never thought possible. Check out our seller guarantees to learn more, including our Guaranteed Sale Program. This program ensures your home will sell within your desired time frame. If not, our team will buy it ourselves.
If you are ready to sell your home and need an experienced realtor, be sure to give us a call at 719-301-1802 or fill out the form below with the requested information to receive a detailed response from one of our realtors. We look forward to hearing from you!
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