Selling your Greensboro house through an agent? Make sure you read this blog post that reveals 4 mistakes you should avoid when listing when an agent in Greensboro…
If you’re looking to sell your Greensboro house, or if you’re an agent who is selling houses in Greensboro then here are 4 mistakes you should avoid when listing when an agent in Greensboro…
First, Don’t Assume That You Can Sell Right Away
The market varies and can even shift from one day to the next, depending on a number of factors. So make sure you set realistic timelines about how long it will take to sell. The asking price will also greatly affect how quickly your house moves. For instance, if comparable sales are on houses that have been recently updated you may want to leave room in your asking price for the new owners to do such updating if you do not want to do it yourself.
If you are a seller, assume it will take months for the sales process to be completed – from fixing up the house to showing buyers to negotiating to setting the closing date to moving out. If you are an agent, be careful not to over-promise a timeline to your sellers – set their expectations.
Second, Don’t Assume That The Asking Price Will Be The Selling Price
The asking price is the starting point in the sales process – it establishes what a seller wants to sell for.
If you are a seller, realize that the actual selling price might be different than the asking price. If you’re an agent, make sure you explain this to your sellers.
Third, Don’t Assume All The Money Goes Right Into Your Pocket
Some people make the mistake of assuming that the selling price (minus anything they owe on their mortgage) is pure profit. But this is not true.
If you are a seller, make sure you know that there will be agent commissions, closing costs, and other fees you’ll have to pay. If you’re a real estate agent, make sure you explain to your customers. You can always ask to see a preliminary HUD statement, this way you can see all of your expected closing costs, line by line. In some cases, you may negotiate some of the fees, it never hurts to ask.
Fourth, Don’t Assume That The First Offer Will Go Through
Buyers often make offers and then discover that they can’t get financing for some reason. Or they put an offer in on your house and then fall in love with another one, I have seen it happen.
If you are a seller, be prepared to have one or two buyers fall through before a buyer can be found. If you’re a real estate agent, prepare your sellers ahead of time by explaining this so they can be ready in case it happens.
Summary
Whether you’re a property owner looking to sell, or you’re a real estate agent who is representing sellers, these are 4 common mistakes that can happen during the sales process – so make sure you’re aware of them. Helpful home’s desire is to deal with educated sellers that are well aware of all of their options. We want you to know all the ins and outs and feel good about whom you are doing business with as well as the way the business is done! Helpful Homes buys property in a hassle-free and pressureless fashion. We love the opportunity to make you an offer on your Florida or North Carolina property. Reach out to someone from our friendly team today and experience the Helpful Homes difference.