5. Un-rushed High Pricing Even if you’re not in a rush to sell, don’t test the market with an unrealistically high price. Sure, you’re in no hurry—but the buyers sure are! They want something fresh and priced to sell, not a house that’s been sitting around with a “maybe-maybe- not” price tag. Waiting for prices to go up in your area is a dangerous game. It’s like waiting for your favorite band to play at your local bar—sometimes, it just doesn’t happen. Price based on current market values and don’t test the waters. 6. Price Dropping Here’s another doozy: listing too high and planning to drop the price after a few months. If the market’s stable, sure, this could work, but if the market is declining, you’re in trouble. If you start too high, you may have to make drastic price reductions just to catch up to the market—and that’s not a good look. Start by pricing competitively and work with your real estate agent to ensure you're in line with market trends. It’s all about strategy—don’t make your pricing a guessing game! Other Common Seller Mistakes: The Fun Doesn't End at Pricing Alright, now that we’ve tackled the big pricing mistakes, let’s move on to some of the other things sellers do that can turn a smooth sale into a hot mess. 7. Selling Before Getting Qualified Yourself Here’s a real zinger. You decide to sell your home before getting qualified to buy your next one. Bad idea. What if your financial situation has changed? Or what if you can’t afford to buy the home you’ve had your eye on? Before you sell, get pre-approved for a loan. You’ll want to know exactly where you stand in terms of buying power. Make sure you have a plan in place for your next move before you make any decisions about selling. 8. Wasting Time on Unqualified Buyers Let’s be real: Showing your house to people who can’t afford it is a total waste of your time. No matter how charming or sweet they are, if they can’t secure financing, you’re spinning your
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