When it comes to selling a home, many sellers make critical mistakes that can cost them potential buyers and even cause deals to fall through. Here are three of the biggest mistakes sellers should avoid:
Not Repairing Known Issues
According to Zillow, 15% of deals that fall through are a result of repair issues. To avoid this problem, sellers should address known issues before listing their homes. This could involve fixing leaky pipes, replacing a broken window, or repairing a faulty HVAC system. Taking care of these repairs can help to ensure that potential buyers are not turned off by the condition of the property and increase the likelihood of a successful sale.
Not Making Tactical Interior Upgrades
Did you know that a fresh coat of paint yields, on average, a 109% return on investment?
From kitchens to bathrooms, painting to flooring, there are a number of high-ROI updates that can skyrocket a home’s sale price. Yet, so many sellers don’t consider these updates because they don’t understand the return they could achieve.
In addition to making key repairs to prevent their sale from falling through, sellers should also seek a free consultation from contractors who specialize in pre-list improvements to understand which improvements will increase their sale price the most.
With us, in many cases, no deposits are required and sellers can pay at closing!
Not Focusing on Curb Appeal
What is the first picture of a home you see on Zillow? The front exterior, of course!
Curb appeal is also a crucial factor when it comes to selling a home. The exterior of a home is often the first thing that potential buyers see, and neglecting it can cost sellers dearly. For example, according to a report by the National Association of Landscape Professionals, well-designed landscaping can potentially increase a home’s value by up to 12%!
Simple updates such as adding fresh mulch, planting colorful flowers, and trimming overgrown trees can make a big difference. Other high ROI exterior updates include replacing a garage door or front door. These updates ensure the home makes a great first impression and often pay for themselves at closing.
In conclusion, when it comes to selling a home, it’s important for sellers to avoid common mistakes that can cost them potential buyers and even cause deals to fall through. By addressing any known repair issues, making basic interior updates, and focusing on curb appeal, sellers can significantly increase their chances of a successful and more profitable sale.
