Your Home Sold Guaranteed Realty - Reeds Real Estate

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

Making the decision to try to sell a house in Suffolk Is a major choice and needs to be carefully considered. There are many factors to think about, and this can make the entire process quite challenging. This is especially true if you have not gone through it before or are not working with the right real estate professional. 

Without expert assistance, home sellers may miss some crucial steps in the preparation process which could lead to serious mistakes. These mistakes may end up costing them thousands of dollars in profit. To ensure that your major financial transaction is a success, it is vital that you have a well-developed plan before you list the home for sale. 

Below you will find information about the top five most common and worst mistakes made by sellers like you when they try to sell a house in Suffolk. Be sure to read through them and contact our experienced realtors at Your Home Sold Guaranteed Realty - Reeds Real Estate with any questions.

Not Considering Your Budget

Because you are attempting to try to sell a house in Suffolk, you may not think that you need to have a budget for the process. This is a major mistake! Home sellers must have a clear and rigid budget to stick to so that they can pay for all of the expenses they are responsible for during the process. One of these responsibilities is the majority of closing costs, including the commissions for your own realtor as well as the home buyer’s realtor.

Another expense to work into your budget is the cost of necessary repairs, upgrades, and renovations to your home. All of this should be done in preparation for the sale in order to make the house as appealing as possible to potential home buyers. They will be well-worth the expense and effort.

A third expense that you cannot forget is the cost of packing your belongings and moving them to your new home. Since you are selling your current home, it is likely that you will need to transfer your things to a new home, and that costs money. Be sure your budget accounts for this.

Before you list the property and try to sell a house in the area, be sure you have considered all of the various expenses and prepared a budget. A skilled realtor can help you make sure you have thought of everything and can stick to your budget.

Not Researching Your Realtor

Speaking of utilizing the expertise of a realtor, choosing the right real estate professional to work with is often a stumbling block for many home sellers. If they choose the wrong realtor due to a lack of research, it can have a dramatically negative impact on your ability to achieve your home selling goals. It is essential that you choose one with plenty of experience, skills, and knowledge of the local market. 

Not every realtor is the same, and many will make promises that they just cannot keep. You want to make sure that your realtor will be able to sell your home fast and get top dollar for it. This means you need to interview potential realtors – three to five candidates is a good amount – and ask them the tough questions in order to figure out their skills and abilities. 

Throughout the interview process, be sure to ask about their experience, history in the Suffolk 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.

Neglecting Your Home’s Appearance

As you know, you only get one chance to make a first impression. This is also true for your home with potential buyers. When you try to sell a house in Suffolk, it is imperative that you get your home in its most pristine condition. While some home sellers will list the house as-is to avoid spending money on costly repairs and renovations, you won’t be able to get top dollar for your home without some much-needed repairs. 

Rather than selling your home as-is, consider renovating the high-traffic areas of the house such as the kitchen, bathrooms, and living room. The initial investment in these renovations 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.

Not Hiring a Professional Photographer

When you try to sell a house in Suffolk, it is most certainly worth your time and money to invest in professional photographs of your home. Having high-resolution images and videos made by an expert photographer will ensure that you achieve your real estate goals quickly and easily. 

Home buyers will be scouring real estate websites looking for homes that stand out and make an impression. With high-quality photos that focus on your home’s best features, you will certainly show home buyers why your house is well-worth the investment rather than others on the market. 

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.

Not Remaining Objective During Negotiations

One more common mistake made when home sellers try to sell a house in Suffolk is failing to remain objective during the negotiation process. Rather than thinking about all of the great memories you have made in the house, simply consider selling the home as a business transaction. It will help you to keep your emotions under control, especially if you receive a lowball offer from a home buyer.

In most cases, the home buyer will not believe that you will accept this offer, and the only reason to submit this offer is to figure out if there is any wiggle room in your asking price. Either hold firm in the asking price or lower it – the choice is yours. 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.

Hire the Right Realtor When You Try to Sell a House in Suffolk

Are you ready to try to sell a house in Suffolk? Before you list the home for sale, be sure you have created a strong pricing and marketing strategy with a realtor who you trust. To assist you in every step of the process, our team at Your Home Sold Guaranteed Realty - Reeds Real Estate is ready to get started whenever you are!

We have been working with home sellers like you in the Suffolk 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 Suffolk. 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 Suffolk 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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