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3 Mistakes to Avoid When Selling a Home in 2020!

3 Mistakes to Avoid When Selling a Home in 2020 | MyKCM

3 Mistakes to Avoid When Selling a Home in 2020!

It is exciting to put a house on the market and to think about making new memories in new spaces, but we can have deep sentimental attachments to the homes we are leaving behind, too. Growing emotions can help or hinder a sale, depending on how we manage them.

When it comes to the bottom line, homeowners need to know what it takes to avoid costly mistakes. Being mindful of these things and prepared for the process can help you avoid some of the most common mishaps when selling your house.

1. Overpricing Your Home

When inventory is low, like it is in the current market, it is common to think Buyers will pay whatever we ask for when we price our homes. Believe it or not, that is far from the truth. Don’t forget that the Buyer’s bank will send an appraisal to determine the fair value for your home. The bank will not lend more than what the house is worth, so be mindful that you might need to renegotiate the price after the appraisal. A real estate professional will help you to set the true value of your home.

2. Letting Your Emotions Interfere with the Sale

Today, most homeowners have been living in their houses for an average of 10 years (as shown in the graph below):

3 Mistakes to Avoid When Selling a Home in 2020 | MyKCM

For some homeowners, that makes it even harder to negotiate, separating the emotional value of the home from the fair market price. That is why you need a real estate professional to help you with the negotiations in the process.

3. Not Staging Your Home

We are generally quite proud of our décor and how we have customized our houses to make them our own personalized homes, but not all Buyers will feel the same way about your design. That is why it is so important to make sure you stage your home with the Buyer in mind. Buyers want to envision themselves in the space, so it truly feels like their own. They need to see themselves in the space with their furniture and keepsakes – not your pictures and decorations. Stage and declutter your home so they can visualize their own dreams as they walk through your house. A real estate professional can help you with tips to get your home ready to stage and sell.

Bottom Line

Today’s Seller’s market might be your best chance to make a move. If you are considering selling your house, let’s get together to help you navigate through the process while avoiding common seller mistakes.

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