You’ve decided on selling your Clearwater home and the process can be overwhelming. Not to mention that everyone you know has all kinds of advice for you about what to do or not do. The problem may be that their “advice” isn’t very good! So don’t make these five big screw ups when selling your Clearwater home.
Screw up #1: price your home wrong. This can be so difficult. You live in your home and probably think you know what it’s worth. You’re probably wrong. Overvaluing or undervaluing, not pricing your home correctly can cost you thousands of dollars. That house up the street just sold for $X so why shouldn’t yours? Well, that house up the street has a completely updated kitchen, bath and extra bedroom. That’s why! But undervaluing is almost as big a problem. Many markets have been so depressed for so long that now that they are finally rebounding, many homeowners don’t realize their homes are worth more than they thought.
Screw up #2: having unrealistic expectations about the current real estate market. Yes, markets are picking up, but that doesn’t mean that there will be a huge bidding war for your home. So not entertaining an offer because “something better will come along” if the offer is fair is, well, kind of dumb.
Screw up #3: hiring a the wrong Realtor. Don’t hire your cousin, best friend or sister-in-law only because they are your cousin, best friend or sister-in-law. You need to hire a Realtor who shares your vision, and understands your needs. Gimmicky Realtors, questionable sales tactics and the lowest commission may mean you get sub-par representation in your home sale.
Screw up #4: not hiring a Realtor and selling by yourself. Did you know that selling your home yourself will cost you at least $40,000? Or that it will mean the home sits for at least a few months before you sell? Enough said.
Screw up #5: not disclosing home defects. Guess what? A home inspector is going to find that foundation issue or leaky pipe. You can’t hide them and it’s actually illegal to refuse to answer questions about it or lie to prospective buyers about defects if they ask.
Answer to all of the above? Hire a professional. If you are looking for a great Clearwater Realtor, give us a call today! 727-216-9247