Selling your home can be a complex task with many different costs and requirements that can be overwhelming. Keeping them all in mind through the entire process is impossible unless you have a knowledgeable realtor and a lot of personal experience.
Even if you have sold a home before, there are big mistakes you may make that can cost a lot of time and money. Selling a home in Atlanta, Georgia comes with its own unique challenges, but if you anticipate the difficulties before they arrive, your home listing will have an advantage on the home market. Here are five of the biggest mistakes you can make when selling your home.
Underestimating the Cost of Home Renovations
When you first sell a home, you don’t give a thought to the cost of the repairs it will take to sell for the right price. You will have a choice to make: either repair the home yourself, causing you a lot of stress and cost, or you can sell your home as-is.
If the repairs are small, they’re probably worth taking care of. Before you begin home repairs, make sure you have an estimate done by a reputable repair professional. If you don’t, you may end up with a lot of unfinished work and potential damages.
Losing Money on Closing Costs
Unless you have a steady source of income coming in, the cost of selling your home can add up. The closing costs for most houses in Atlanta are around 2% to 5% ($5,000 to $13,000) depending on the size of the house and whether you refinanced the loan.
Closing costs can be the largest part of the selling costs for any property, so anything you can do to cut this cost is a great way to make a living. The good news is that there are many steps you can take to help minimize your closing costs. For example, an appraiser can work out the value of the house for you for free. Then, you can complete your offer for the house without having to pay an appraiser to come and value it.
Not Having Clear Photos of Your Home
One of the most important things when selling your home is to get photos of the home. While most agents may say it doesn’t matter that much if a buyer doesn’t like the photos, it really does. Not only do photos give you a way to show the home to buyers, but they are also good for insurance purposes. It is recommended that all homes should have at least one set of photos to show the buyer before a showing. The photos are a positive sign to potential buyers that you are serious about selling.
Pricing Your Home Too High or Too Low
Pricing a home right before it is for sale is often the best way to achieve the highest sale price. If the price is too high, sellers may lose access to many buyers that may be willing to negotiate.
When a home is listed, buyers start to calculate the cost of repairs. They may think, “What’s a home buyer willing to spend?” This information can be used to create a price that’s within their budget.
Choosing Not to Stage Your Home
One of the biggest mistakes people make when selling their home is deciding not to stage it. Staging your home and showing off its best features prior to sale will significantly increase the value of your home.
There are numerous ways to stage your home. The most common method used today is what is called the “VIP” staging. VIP staging is when you choose one room of your home to make it as clean and presentable as possible. Furnishings and accessories are changed to highlight certain features in the room. Using all new furniture with no scratches, wear, or stains, the room is usually complete. Depending on your goals for the home, you can stage multiple rooms.
Contact Sell My House For Cash Atlanta and Get Cash for Your Home in Atlanta, Georgia
If you haven’t found success in your real estate ventures, give your team at Sell My House For Cash Atlanta a call. We will buy your home for cash in as little as seven days, and we cover all closing costs. Schedule an inspection with us today!