The real estate market is competitive. If you are selling your home, it is important that you do what you can to sell your home for the best price. The right agent can help you achieve this goal. However, there are some common mistakes that sellers make when listing with an agent that you should avoid.
Selling your New Jersey house through an agent? Make sure you read this blog post that reveals 4 mistakes you should avoid when listing when an agent in New Jersey…
If you’re looking to sell your New Jersey house, or if you’re an agent who is selling houses in New Jersey then here are 4 mistakes you should avoid when listing when an agent in New Jersey…
First, Don’t Assume That You Can Sell Right Away
The market varies and can even shift from one day to the next, depending on a number of factors. So make sure you set realistic timelines about how long it will take to sell.
If you are a seller, assume it will take months for the sales process to be completed – from fixing up the house to showing buyers to negotiating to setting a closing date to moving out. If you are an agent, be careful not to over-promise a timeline to your sellers – set their expectations.
Second, Don’t Assume That The Asking Price Will Be The Selling Price
The asking price is the starting point in the sales process – it establishes what a seller wants to sell for.
If you are a seller, realize that the actual selling price might be different than the asking price. If you’re an agent, make sure you explain this to your sellers.
Third, Don’t Assume All The Money Goes Right Into Your Pocket
Some people make the mistake of assuming that the selling price (minus anything they owe on their mortgage) is pure profit. But this is not true.
If you are a seller, make sure you know that there will be agent commissions, closing costs, and other fees you’ll have to pay. If you’re a real estate agent, make sure you explain to your customers.
Fourth, Don’t Assume That The First Offer Will Go Through
Buyers often make offers and then discover that they can’t get financing for some reason.
If you are a seller, be prepared to have one or two buyers fall through before a buyer can be found. If you’re a real estate agent, prepare your sellers ahead of time by explaining this so they can be ready in case it happens.
Summary
Whether you’re a property owner looking to sell, or you’re a real estate agent who is representing sellers, these are 4 common mistakes that can happen during the sales process – so make sure you’re aware of them.
We hope you enjoyed our article. If you would like to schedule an appointment to discuss selling your home, please let us know. We look forward to hearing from you soon.