Many times home sellers in Detroit make bad decisions trying to save money but end up learning the hard way. Whether you list with a Realtor or sell your home yourself, we have put together the information on your behalf to help you avoid these mistakes and the consequences, which can negatively impact your sale. Keep reading to find out about the four most common mistakes home sellers often make in Detroit.
Setting a price for your listing is not a simple task. Setting the price too high or too low is a costly mistake home sellers often make in Detroit. A mistake in either direction can leave your listing lingering while the bills keep coming in. In the past, sellers set an above-market price to counter lower offers. However, because tech-savvy buyers conduct initial home searches via online listings, they just keep scrolling by if the price is too high. While most buyers are seeking homes that are move-in-ready, some buyers will gladly scoop up lower-priced properties if they can get the right deal.
Not having a proper pre-inspection is one more common mistake home sellers make in Detroit. Unless you’re selling a new home, it’s worth taking the time to have a pre-inspection, so you’ll know what to expect in time and expenses for any necessary repairs. Otherwise, you may find yourself weeks into a purchase agreement with your buyer trying to qualify for a mortgage from a lender, only to have the deal fall apart when the property does not pass the inspection.
Lack of Prepping
Often motivated by saving money, skipping steps in preparing is another mistake home sellers often make in Detroit, which only delays the home’s sale in the long run. Suppose you are trying to sell your house yourself. In that case, consider a fresh coat of paint and updates to flooring and appliances and don’t forget the importance of lighting for professional digital images and during showings. You should also arrange to have all signs of your pet easily removed from the sight of buyers and somewhere to take family members and pets during showings. Sellers should also pack away any possessions of a personal nature, such as family photos or team memorabilia. Closets and other built-in storage should be only half full to show ample space and extra items stored off-site, along with larger pieces of furniture which may make rooms appear smaller. Or, work with a professional buyer like those from Detroit Fair Offer and skip the prepping!
Regrettably, home sellers often make a terrible mistake, allowing their emotions to take control during negotiations. While conducting business, it is best to set your feelings aside, which can be difficult when you feel insulted by an offer that comes in significantly below your asking price. On the other hand, you can feel confident knowing that you’ve priced your home right for listing when you work with a professional buyer from Detroit Fair Offer, or you can accept our cash offer that you will agree is fair.
Do not make the same mistakes that many home sellers in Detroit make! Contact Detroit Fair Offer at (313)647-8806.