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December 8, 2010 Real Estate news in ANYWHERE ,California, United States of America

7 Biggest Mistakes that Seller's make when selling their home. It is important to educate those homeowners that are thinking about selling and are now dedicated to getting their home sold.




FOR IMMEDIATE RELEASE
ANYWHERE , California, United States of America (Free-Press-Release.com) December 8, 2010 --

My group at www.YourStreetDreams.com has spent quite a time bit doing research on the 7 Biggest Mistakes that Seller's make when selling their home. Keep in mind the intent is not to offend anyone but rather to educate those homeowners that are thinking about selling and really want to get their home SOLD. For the most part home sellers realize the need help, ask good questions and usually follow the advice of the professional that they have hired to help them with the sale. While this applies to just about all individuals selling a home in all states, I'm directing the advise to the 8% of sellers who have a different idea of what it takes to actually sell a home in today's market.

Mistake #1. Not Hiring a Realtor

We don't just mean if you are a "For Sale By Owner." Sure trying to sell your home yourself might seem like a great idea but not all home sellers what to deal with the hassles of marketing their own home or property. When searching for someone to sell your home, it's important to know that not all real estate agents are a member of the National Association of Realtors and in this state we also have the California Association of Realtors (most states have their own association). What's the difference between a real estate agent and a Realtor?

Realtors are held to a higher standard of ethics than non-members and in addition are afforded better resources for helping them with their profession. The most popular reason why real estate agents are not Realtor's is because they don't want to pay the fees and adhere to the standards. This is where you will find that most agents that aren't Realtors could be working only part time and have a full time job doing something else.

Advice: Don't listen to your best friends cousin or the guy down the street that claims to sell 50 homes a month. If they aren't a member of the National Association of Realtors, walk away. Anyone committed to the business will go the whole distance. I have heard many arguments as to why some real estate sales people aren't Realtors and they all sound too much like they didn't want to spend the money or they didn't want to be held to a higher standard.

Mistake #2. Not Hiring the Right Realtor

Now that you have identified a qualified real estate professional as a Realtor then you need to ask the key questions that will actually qualify this person to handle the sale of your home.
Advice: It seems like there is a Realtor on every street corner so how do you know if you are hiring a good one. Interview them just like you would for a job at a marketing company. You can find the key interview questions by CLICKING HERE

Mistake #3. Not preparing the Home For Sale

What this means is simply, organize the home so that is in a presentable condition. Since the competition is tough and you may be competing against homes that are newer, have newer appliances, a more modern look or lower priced homes then the single most important thing you can do is stage the home. Like we discussed in the staging section it doesn't have to be expensive but it is always effective.

Advice: Don't confuse staging with spending $1000 or dollars. New paint, shampoo carpeting, remove clutter and pictures of the family. Very simple to do an it affords big rewards.

Mistake #4. Not Reviewing the Correct Comps When Pricing Your Home.

Any real estate professional and true real estate investors have seen sellers price their homes too high and then follow the market all the way down to a disappointing end. It's totally natural for a homeowner to want to get top dollar for their home, however, here's where things usually go bad. The home starts out overpriced compared to its condition and/or location and compared to the other homes in the neighborhood. Testing the waters is great (trying a higher price to see if you get any response), however, reducing the price too late can sometime cost thousands of dollars and months of lost time.

Advice: Try to view your home from the buyer's viewpoint. The important tip here is: Price your home correctly to start with and make price adjustments every 16-21 days or sooner if the market is falling faster or your reductions have not been effective.

Mistake #5. Limiting the Home's Showing Times.

This has been the reason for many homes not being sold. Remember the golden rule, "If you want to sell your home make sure it's available at the convenience of the buyers". That means if you only want it shown between 3:00 PM and 7:00 PM Monday and Thursday and limited times on the weekends when buyers are out in full force, then chances are your home will be on the market longer and could sell for less because there will be buyers previewing the other homes in the area PLUS, in a declining market the limited showings could end of costing $1,000s.

Advice: The two words that comes to mind are "BE FLEXIBLE!" Sure it's a hassle but don't drag it out for 10 more weeks than it could hav


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Contact Information

  • Name: YourStreetDreams

    Company: YourStreetDreams.com

    Telephone: 760.494.3009

    Email: ***@sbcglobal.net


  • About the author

    Jeff is a licensed Realtor with 20+ years of experince in buying & selling distressed properties, which includes flips, buy & holds, wholesale & retail sales as well as helping scores of clients with their real estate needs. Visit: YourStreetDreams.com



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