Buying or selling a home can be a long and stressful process. There are many pitfalls that you need to avoid in order to have the best experience possible.
Many people don’t know what to watch out for when going through this process, so they often make mistakes that cause them unnecessary stress and headaches. This is especially true if they’re doing it alone without an agent’s help. Here are 5 of the most common mistakes homebuyers and home sellers make.
- Not Working With An Agent:
If you decided to sell your home or buy a home without an agent, it would be a mistake. Agents know their market and will give you the edge that brings in more money or get you the best price and terms. They also have connections with lenders which can help buyers get pre-approved if they are not already themselves. Agents will also keep you up to date on what is happening in your market so that you are not caught off guard when your offer on a new place does not work out.
- Listing Your Home At Too High Of A Price
Another mistake would be to list your home at too high of a price. This could cause the buyers who are interested in your home to lose interest if they do not feel it is within their budget or will make them look for another house that they may like better. If you list your home too high and it does not sell, then you will have to lower the price which could cause a chain reaction in your neighborhood.
- Not Hiring A Professional Photographer
People make a mistake when they do not hire a professional photographer. Having professional photographs of your home makes it look more inviting to potential buyers and can also show off some of the best features of your home. This way, people are able to see pictures on their own time without having to go on a tour which can bring in more offers.
- Hiring The Wrong Home Inspector
If you hire the wrong home inspector, it will be a mistake. You cannot just hire anyone for this, or you risk them not doing a good job and giving you false information. By hiring someone who is not qualified, you risk the information they give being wrong and this could cost you either money or time.
- Not Getting Pre-Approved Before You Start Your Home Search
When it comes to looking for homes, you have to have as much information as you can and part of that is knowing how much home you can afford. If you are able to do this, then you will better understand what you want in a home and be able find it. This can also help narrow your home search as well and not be a waste of time since you will be looking at homes that you can afford.
By avoiding these common mistakes, you will likely have an easier time buying or selling your house than those who didn’t take our tips into consideration beforehand. We recommend working with agents, having professional photos taken of your house, hiring a qualified home inspector, seeking financing before you actually looking at homes. Contact a Sears Real Estate REALTOR now!