Your home is one of the most expensive items you’ll ever sell. Making mistakes with the sale could set you back by thousands of dollars. Protect yourself from Milwaukee’s most common home-selling mistakes by knowing what to watch out for ahead of time.
Here’s a list of the top home-selling mistakes and ways to avoid them.
Mistake #1: Not Estimating the Costs of Selling a Home
It costs money to sell a home in the traditional market. You have to pay 5% to 6% of the closing price as agent commission. You must also factor in repairs, closing costs, moving expenses, utilities, taxes, and other miscellaneous expenses. The selling cost can quickly round up to 10% of the sale price.
If you want to sell the property without these hassles, you can get competitive offers from cash home buyers in Milwaukee. Cash home buyers assess your property and provide you with a fair quote. You can sell it directly to them and get paid in cash if you’re interested, thereby avoiding agent commissions, closing costs, and other fees.
Mistake #2: Ignoring Major Repairs
A run-down home can put off buyers and decrease the value of your home. Most buyers prefer homes that do not have glaring issues. So, it’s a good idea to fix up the property before listing it. However, before undertaking any repairs, check if it’s a renovation or repair. It makes a difference because renovations can be costly, and most buyers prefer their plans for renovations to personalize the home.
Mistake #3: Not Prepping Your Home for the Sale
One of the biggest challenges is getting potential buyers interested in their property. To catch the attention of buyers, you need to ensure that your home stands out from the dozens of similar properties listed in Milwaukee.
Having a clean, uncluttered, and well-decorated home can make it more appealing to buyers. Clutter makes your home feel smaller and makes it more difficult for buyers to picture themselves living in the house. Go room by room to prepare your home before the sale.
Mistake #4: Incorrect Pricing
If you price your home too high, it can sit on the market for a long time. However, if you price it too low, you may be missing out on significant profit. To identify the correct pricing, compare your property with similar-sized homes in Milwaukee. Comparing properties gives you an idea of the current housing market. Alternatively, you can also use an online home pricing calculator to understand your home’s worth.
Mistake #5: Not Investing in Professional Photographs
Quality photos can interest potential buyers, especially with the convenience and popularity of online tools for buying and selling properties. A professional photographer helps capture your home in the best possible light. You can also hire drone photographers to take aerial views of your property.
If these tips don’t help you sell your house fast, contact local cash home buyers instead. They can purchase your home for cash, and you don’t have to make repairs or go through the long process of a traditional sale.