CHAPTER 10 Learn from Other's Mistak om Other's Mistakes
(Because why repeat them when you can learn from them?) Selling a home can sometimes feel like navigating a minefield—one misstep and boom! —you're out thousands of dollars. But fear not! We’ve gathered some cautionary tales of epic seller mistakes, so you can
avoid getting blown up on your way to a successful sale. Whether it’s underpricing, bank errors, or the joy of selling before fully understanding what you’ve got, these stories should make you appreciate the value of solid pricing and smart decisions more than ever before. And, spoiler alert, no one wants to be the seller who leaves money on the table. Trust us. Underpricing: The Easiest Way to Lose Money on Your Home Sale Ah, underpricing —the "oops, I accidentally left $100,000 on the table" strategy. It happens more than you think! Picture this: You think your home is worth $400,000 because, well, it feels that way, right? You slap a price on it and, guess what? You sell it for $370,000— so much less than you could’ve gotten . Congrats, you’ve just joined the ranks of people who’ve made this classic mistake. But hey, no worries, right? Well, that’s exactly what happened to these folks who sold three acres of prime land worth about $350,000... for only $80,000. Sounds like a bargain for the buyer, but not so much for the seller. The land was perfect for development—zoned for condos, right next to a planned road. But the seller? They had no idea . They thought it was just a random chunk of land with no real 58
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