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Avoid These Mistakes When Selling Your Home – Bankrate.com

Are you planning to sell your home soon? Whether you want to downsize, relocate or just take advantage of a hot housing market, you’ll want to avoid any missteps that could cost you money, time and hassle. There’s no need to mak…….

Are you planning to sell your home soon? Whether you want to downsize, relocate or just take advantage of a hot housing market, you’ll want to avoid any missteps that could cost you money, time and hassle. There’s no need to make the process more stressful than it needs to be — or sell for less than your home is worth. Here, we’ll explore some common mistakes home sellers make, and how to avoid them:

  • Misjudging the cost of selling a house
  • Hiring the wrong real estate agent
  • Setting an unrealistic price
  • Failing to declutter and clean
  • Skipping professional photos
  • Limiting the number of showings
  • Listing at the wrong time
  • Selling without a real estate agent

1. Misjudging the cost of selling a house

It costs money to sell a house, and closing costs are typically the most significant expense sellers will incur. In 2021, closing costs nationwide were roughly 1 percent of the sale price, according to ClosingCorp. But this number could be higher or lower, depending on your state and other factors related to your transaction.

Closing costs aren’t the only expense to keep in mind, either. You’ll likely need to fork over cash to prepare the home for listing. Depending on its condition, some improvements or repairs may also be necessary to get the right offers and close the deal without a hitch.

2. Hiring the wrong real estate agent

Regardless of where you’re located, there’s likely to be no shortage of real estate agents. Selecting the right agent for you can be challenging, since there are so many options.

There are bad apples in every bunch, so it’s important to do your research. The agent you work with should be licensed to operate in your state, reputable and have experience selling homes in your area. Consider asking family and friends for recommendations, and interview a few candidates before selecting someone. And don’t forget to check reviews and ask for references. “Reviews from past clients say it all,” says Lisa Cole, a Berkshire Hathaway Realtor with the Michael Kaim Team in Cleveland. “Look for reviews where the clients truly felt taken care of in the process.”

It’s not uncommon to see some agents who offer deeply discounted commissions to earn your business. But taking advantage of what seems to be a good deal could be costly for you as a seller. “Discount agents are looking for a quick sale to get a quick paycheck,” says Cole. “They are likely not …….

Source: https://www.bankrate.com/real-estate/mistakes-when-selling-home/

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