Selling a home that you’ve lived in for decades is no easy task. It’s challenging logistically and emotionally when you have a lot of stuff and memories. Make the process less stressful and less painful by watching out for these common mistakes when selling a home in Phoenix.
1. Choosing the Wrong Real Estate Agent
The right real estate agent can help you make a tidy profit if the home sale goes well. But the wrong one can cost you thousands. Make sure to vet the realtor thoroughly before you entrust them with your home. Don’t feel compelled to work with a friend or family member if you aren’t satisfied with their professional credentials.
You can also skip the traditional sales method. Instead, you can sell your home directly to a cash home buyer in Phoenix and eliminate the intermediate.
2. Failing to Fix Up the Home
You may be familiar with the saying, “A stitch in time saves nine.” The same applies to your home. Fixing problems around the house can help you earn thousands of dollars more. Take the time to identify areas in your house that need repairs and renovations. Replace worn-out hardware and upgrade fittings and fixtures to improve the market value of your home.
3. Bad Staging
Some sellers make the mistake of failing to stage their home before an open house. They leave too many personal items around, including photographs, souvenirs, trinkets, magazines, clothes, and toys. Too much clutter makes it difficult for prospective buyers to reimagine the space as theirs.
However, stripping the home of all décor and furnishings makes the place feel cold and unwelcoming. You need to strike a proper balance. Get the help of a friend or family member who has a knack for home décor. You can also hire professionals to help you out.
4. Overpricing the Property
Overpricing the home is one of the biggest mistakes when selling a home. If you want to sell a house fast in Phoenix, the best way is to price it at fair market value or below the fair market value.
Buyers tend to avoid overpriced properties, especially when other similarly sized properties are on the market for a lower price. As a result, the home stays on the market for too long, and usually, sellers end up reducing the cost. Having the home stay on the market wastes time and effort and can cause the homeowner to sell the property for less than fair market value.
If you want to make a quick sale, it’s better to price it at market level or slightly under to find a buyer and get the best profit.