Are you finally ready to sell your house? Before you put the for sale sign in your front yard, there are a few nuances your should be aware of, if considered correctly could bring you a top dollar for your property. Believe it or not, but you could leave a lot of money on the table with a slight misstep. Below discusses the most common five mistakes San Antonio home sellers make.
It Takes Money to Make Money
The first mistake many San Antonio home sellers make is underestimating the costs associated with listing and then waiting for your house to sell. Unless your house is brand new or perfect according to your realtor, you will likely need to do some updates in the form of small repairs or adding curb appeal. The largest expense is usually the commission paid to the realtors. This is traditionally paid by the seller and is usually around 6% of the sales price. However, you may want to consider having a home inspection completed to help you focus your efforts on what needs to be repaired. When you list, there is no guaranteed closing date. You are responsible to pay for utilities, the mortgage and other monthly expenses until closing. You may also be required to pay any property taxes that are still due and possibly capital gains tax. With the advent of drone footage and other creative photography, most home buyers expect to view the house virtually first, which requires professional services. Considering the focus on the property is in high definition, staging has also become a standard expense for all home sales, rather than just model homes.
Priced Out of Comparable Range
Some San Antonio home sellers make the mistake of overpricing their homes. This is usually driven by personal feelings. This is value that no one else can see. At times, home owners may take offense to an offer lower than their asking price, and can appear visibly upset if involved in their own negotiations. Such emotion can cost the seller a qualified buyer. Overpricing also occurs when sellers set an extra high price, assuming lower offers will come. This is a costly game to play with pricing your home. Buyers are savvy and can often find a deal where they can get more property from another seller for the same money, since they often seek homes by price range. The properties most like yours and nearest your home that have recently sold will provide a more realistic price range. If you take a look at the sold prices for homes in your neighborhood and compare that with the listing price, you will see that overpriced homes linger on the market.
Disclose, Disclose, Disclose
Failing to disclose any issues with the property could cost the seller thousands in compensation and legal fees. This is potentially the costliest of mistakes San Antonio home sellers make. Be sure to disclose any problems from the past that you corrected along with permitting paperwork, if any. Provide any details possibly if you performed unpermitted work. If you have information about work completed by previous owners, you must also include this. Along with everything else, you should also have any previous inspection reports. Finally, be sure to disclose if you are aware of ANY issues with water working its way into the home’s structure, from roof to foundation, leaking, rotting wood, or flooding of any type.
House staging has become a very popular selling strategy. You can often count a higher sales price and a faster sale without paying for a complete property update. Professional stagers neutralize the home and highlight the unique features of the house so that potential buyers get that new home feeling, easily envisioning themselves living in the home. Stagers carefully select items to add pops of color throughout the house in order to avoid a bland feel. Your belongings may go into storage in some cases, and the house refurnished to showcase the space’s full potential, including letting in the light through window dressings or lighting design. Not taking advantage of this sales tactic is a huge mistake San Antonio home sellers make.
Wrong Sales Method
One of the most costly mistakes San Antonio home sellers make is to not review all of the available options for selling your house and selecting the wrong option. Most home sellers think about hiring real estate agent first, without considering all of the home selling methods that exist, including the costs, any projected timelines, and the stresses that may accompany the processes involved with each. Make a pros and cons list for each technique and select the method that suits your specific circumstances, such as personal issues like a new job or family illness, facing heavy repairs, or financial complications causing pressure to sell quickly.
At Big Buck Home Buyers, our team of professionals can help you avoid these and other mistakes. At Big Buck Home Buyers, our job is to make things as easy for your as possible. We take the time to outline each sales method to help you make the best choice to sell your home. Working with Big Buck Home Buyers means guaranteed fast cash closings, usually as-is. Call Big Buck Home Buyers at (210) 920-5280 or send us a message to learn more about saving time and money.!~