For those who have purchased their first home, they may have thought that the process of buying their home was one of the most difficult that they have ever done. However, selling your first home can pose its own stresses and be an issue. There are tons of mistakes that can happen when selling your first home that can come back to haunt you later. For example, if you sell your home at a lower rate than what you should, you may lose money in the deal. Other people may find that they made a mistake in selling their first home too soon before they had found a new home to move into. The mistakes that can be made are endless.

However, for those who are selling their first home, knowing what mistakes that are out there, can help you to avoid these later!

Mistake 1: Selling Your Home Before You Are Truly Ready

There are several people who simply put their home on the market before they are ready. If you are not ready to do this, you are not going to be happy with any offers that you may get. In addition, you may unconsciously sabotage the deal when any buyer shows an interest. Be sure to sit down and talk with the family about selling a home and be sure that you are in the right mindset.

Mistake 2: Entering the Housing Marketing Blindly

Is the market low right now or high? If you have no idea of what is going on the real estate market, then you have no business putting your home up on the market just yet. You need to know what is going on, so you have expectations that are realistic. Know what type of area that you are living in- whether this is in high demand or you can expect to sit on your listing for a while.

Mistake 3: Going at This Sale “By-Owner”

Many people think that they can make more profit if they sell the home themselves. However, for those who are first time sellers, going at this on your own could be a huge issue. You may find it impossible to get the home sold and you may have no idea what you should be doing to get your home seen by as many people as possible. It is always best to work with a professional who knows what they are doing.

Mistake 4: Hiring the Wrong Realtor®

When you are looking for a Realtor®, be sure that you trust your gut instincts. Too many times first time home sellers go with the realtor that looks great on paper yet is not a fit for them. Do not forget to trust your feelings. Find the right realtor!

Mistake 5: Hiring a Realtor® as a Personal Favour

Too many first time sellers are bullied or coerced into choosing a realtor that the family may know or someone who is a close friend. Remember, when it comes to working in real estate, you cannot let your personal feelings about someone be the main reason that you choose them. You want to choose the realtor that is going to be looking at your best interest and who has the knowledge to get your home sold.

Mistake 6: Over Customizing the Home

One of the biggest tips that you hear when selling a home is that you should try to make changes in your home that are going to make it more appealing to the buyers. However, over customizing a home is just as bad as trying to sell a home that needs a ton of work. Remember, when it comes to customization of your home, what you put into the renovation does not mean that this is going to increase your asking price of the home. Be sure to stick to those customizations that will pay off in the long run, do not overdo it and end up losing a ton of money when the house is sold.

Mistake 7: Pricing Based on Profit

Pricing a home is a tricky decision. You want to get more out of your home than you owe since you want to make some profit. However, you should never price your home on what type of profit that you want to make. Remember that buyers often do not pay the asking price that you list. You need to look at homes that have sold in the area that are comparable to what you have and make your price based on this information.

Mistake 8: Letting your Emotions Rule your Thinking

It can be easy to let your emotions get the best of you. Your home is where you have had some great memories and events. However, remember that buyers are not going to buy based on your sentimental attachment to the home. Our home is a commodity that is for sale, nothing more.

Mistake 9: Not Disclosing the Problems or History of the Home

Never keep the history of a home a secret. This can come back and hurt you later. Be sure to be open and honest about any major repairs that have been made in the home so that potential buyers can see your honesty up front.

Mistake 10: Trying to Sell Your Home Before the Home is Ready

You may be eager to sell your home, but is the home ready? Too many people put their homes on the market when they have not cleaned the home, decluttered or the like. This can make it harder to sell. And when your home is not ready for the market, you may have it sitting on the market for several months before you get it sold. The market is competitive, and you need to make sure that your home is sticking out to potential buyers, do not put this on the market before you are ready.

Remember, working with a real estate agent can help you to avoid many of the mistakes that first-time sellers make! Contact us today to help you get started out right selling your home …