What are Novice Sellers Top 3 Mistakes?

What are Novice Sellers Top 3 Mistakes?

The listing price is a strategy, but many sellers think of it as an expectation. Perhaps the toughest mistake? Thinking that they can make more as a FSBO?

With soaring home prices and high demand, homeowners find a great time to sell. But some sellers, particularly first timers, might be so caught up in the “hot housing market” headlines that it clouds their expectations.

Unrealistic price expectations:It’s a sellers market, but that doesn’t mean a “sky is the limit” pricing strategy will work. “First time sellers often erroneously believe that the list price means the desired purchase price. The list price simply indicates an approximate, appropriate price, and its purpose is to drive interest in the property.
Accepting the highest offer: Some buyers make giant beds to be a competition, but those offers can fall apart. Real estate pros say some sellers become so focused on the highest number that they overlook a bids reliability. Home-office can fall apart for a number of reasons, including financing, appraisals or inspections.

Trying to FSBO: “For Sale By Owner” may tempt homeowners who believe a “sellers market” offers them an opportunity to DYI their home sale. However, the FSBO route could limit the homes exposure to larger pools of buyers since FSBO’s can’t be listed on MLS. Even if the home gets a buyers attention, a real estate agent is critical to navigate the prices, help with paperwork and sort through multiple offers.

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