undone, obtain estimates for any necessary or desirable repairs, and get them from more than one source. If you plan to sell the house, this will give you leverage in negotiating the sales price since you know exactly how much the repairs will cost, or how much you paid for them.
SHUTTING OFF UTILITIES
One mistake sellers make is turning electric and water utilities off. Keeping utility services on will help prevent weather damage. Additionally, a house without lights is difficult to show and gives buyers the impression that the house needs more repairs than it does. Keeping utilities on will make it more comfortable for anyone seeing the house.
MISPRICING THE PROPERTY
Both overpricing and underpricing are serious mistakes when it comes to real estate selling. Pricing must follow a thorough understanding of the present market scenario. Do enough research and take the advice of the real estate professionals in fixing the right price of your home. Get familiar with the comps in the local area and clearly understand what price is right for your home. Underpriced properties are likely to given an impression that there is something wrong with the property or the seller is anxious to sell. Overpriced homes may languish in the market and sit for months. Home pricing is an art real estate agents are expert in.
NOT HIRING A REAL ESTATE PROFESSIONAL
Homes without professional real estate agent representation are more likely to remain on the market longer and may end up selling for a lower price than those that used agents. This is truer about vacant homes selling, where the seller may not be versed — or even live — in the geographic area. House selling is a highly
88
Powered by FlippingBook