Your Home Sold Guaranteed Realty - Reeds Real Estate

5 Worst Mistakes When You Try to Sell a House in Norfolk

Have you and your family decided that now is the time to try to sell a house in Norfolk? Making this decision involves many different factors that you need to consider carefully. Because there are so many factors, it can be difficult to get through the process, especially if you do not have prior experience or knowledge in the real estate industry. That is why it is important to work with the right realtor such as ours in the local market.

If you do not have assistance from experts, you could be missing crucial steps, making mistakes, and leading to the loss of thousands of dollars in profit on the sale of your home. Before you list your home for sale, be sure you have a clear and comprehensive plan to make your real estate transaction a success.

To begin your process, we have put together a list of the top 5 worst mistakes that many sellers make when they try to sell a house in Norfolk. 

Disregarding or Not Making a Budget

As a home seller, you may be thinking that you do not need to worry about a budget for the home selling process. This is untrue. Home sellers who try to sell a house in Norfolk most certainly need a budget that accounts for all of the potential expenses you may encounter throughout the process. One of the most common expenses that home sellers are responsible for are closing costs, including the commissions for your own realtor as well as the home buyer’s realtor.

A second expense that some home sellers try to avoid is the cost of repairs, upgrades, and renovations to your home prior to listing it for sale. These actions are necessary in order to make the best impression on potential home buyers, and they will be well-worth the effort and cost.

Lastly, be sure to remember that you are moving from this house to a new one, and this costs money. You will need to set aside money for pacing up your belongings and moving them to the next home. 

Prior to your attempt to try to sell a house in Norfolk, make sure you have made a comprehensive budget that accounts for all of these expenses. Our experienced real estate team can help you with this and ensure you are prepared.

Choosing Any Random Realtor

Working with a realtor is an excellent way to ensure that you are successful when you try to sell a house in Norfolk. Picking the right realtor can lead to a fast and profitable sale of your home. However, choosing the wrong realtor can be dramatically negative when it comes to achieving your real estate goals. Make sure you are working with a realtor who has skills, knowledge of the local market, and experience selling a home in Norfolk.

Keep in mind that not every realtor is the same. Many will promise you the moon and stars but will be unable to come through on these promises. When you want to try to sell a house in Norfolk for top dollar, be sure you interview between three and five realtors and ask them the tough questions.

Throughout the interview process, be sure to ask about their experience, history in the Norfolk area, marketing strategies, and track record. The track record will include the realtor’s average selling speed, home sales in the last 6 months, and the average list-to-sale price ratio.

All of this information will lead you to the right realtor for your home selling process.

Not Improving Your Home’s Appearance

Your home’s appearance will have a major impact on your ability to sell it quickly and get top dollar. Be sure your home is in top condition before you list it for sale. Some home sellers will list it as-is to avoid spending money on costly repairs and renovations, but this will prevent you from getting the highest possible price for the house.

You may want to consider renovating the high-traffic areas of the house such as the kitchen, bathrooms, and living room. The initial investment in these renovations may be high, but it will enable you to list the home at a higher asking price that is easily justifiable to home buyers. In addition, the renovations ensure your house will stand apart from the competition on the market, especially for an older house. You will be competing with new construction homes as well as other resale homes, and upgrades will increase your chances of competing with newer, more modern homes.

Relying on an Amateur Photographer

Selling a home in a competitive market means that you need every advantage possible to get the attention of home buyers. Investing in professional photography is a great way to stand apart from other resale homes as well as new construction homes because professional photographers will be able to highlight the best features of your house.

If you are working with a skilled, local realtor, that professional may have a recommended photographer to use, and the cost may even be covered by the realtor’s commission. For those home sellers who are looking for their own photographer, be sure to carefully examine their portfolio as well as the quality of their photos. Find out what makes a high quality real estate photograph.

Letting Your Emotions Show During Negotiations

A final consideration is the negotiation phase. Many home sellers make the common mistake of letting their emotions overtake their sensibilities during negotiations. It is best to think of the home sale as a business transaction, so it is important to keep your emotions under control, especially if you get a lowball offer from a home buyer.

The home buyer and their realtor will likely know that you will not accept this offer, but it is a good way to find out if there is any wiggle room in your asking price. You can either hold firm in the asking price or lower it. If lowering the price is not an option, you could consider adding some concessions to make a better deal for the home buyers.

No matter what you decide to do, be sure you evaluate and respond to every home offer objectively. Do not take the offers personally. It is just a business transaction, so remain calm and objective.

When You Try to Sell a House in Norfolk, Our Realtors Can Help!

Whenever you are ready to try to sell a house in Norfolk, our team at Your Home Sold Guaranteed Realty - Reeds Real Estate is standing by to guide you through the entire process, including the beginning phase of creating a thorough pricing and marketing plan. We will also ensure that you avoid making all of these above mentioned mistakes which could cost you plenty of money during the home sale.

We have been working with home sellers like you in the Norfolk area for many years, and our reputation for selling homes is legendary. In general, we can sell homes 48% faster and for 2.4% more money than any other realtor in the area.

Our team’s success is the reason that our clients consider us the best in Norfolk. Home sellers love working with us because we always go the extra mile and will guarantee the sale of your home. Our home seller guarantees are unparalleled, including our Guaranteed Sale Program!

This program guarantees the sale of your home in your desired time frame and at a price that is agreeable to you. If it doesn’t sell, we will buy it! No matter the circumstances, you win!

If you are ready to try to sell a house in Norfolk and want more information, give us a call at (757) 799-4824 or fill out the form on this page with the requested information. We look forward to hearing from you and getting you started on your real estate journey!

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