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Mistakes to Avoid as a First Time Home Seller

May 16, 2023 | Guides, Real Estate, Selling

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Are you thinking about selling your home? If this is your first time going through the selling process, you may be wondering just how well things are going to go. Selling a home is usually a smooth process – there are thousands sold each day – but issues can arise if you’re not careful. Let’s explore four mistakes that are commonly made by a first time home seller and how you can avoid them.

Selling Without Professional Guidance: Pitfall for a First Time Home Seller

The first and most significant mistake that a first time home seller can make is to try to go it alone. Selling a house is a major financial and legal transaction and one where experience is crucial in getting things right. Invest in an agent who has a track record for quick, efficient sales and you’re going to have an advantage.

Choosing Emotion Over Reason

Next, as a first-time home seller, you’ll want to avoid letting your emotions control how you react or respond during the selling process. Many homeowners become emotionally attached to their homes, which is fine while you’re living there but can be a problem when you’re selling. It’s important to let logic and reason guide the sale. Don’t let yourself get caught up emotionally or you may make a critical mistake.

Pricing Outside Of A Realistic Range

Asking too much – or too little! – for their home is another common mistake made by first time home sellers. It’s critical to understand that the local real estate market has a lot of influence on the correct asking price for your home. Current listings and recent sales of similar homes in the area tend to set a price range in the minds of buyers, so these will need to be observed. Your real estate agent will be a big help in choosing the right sale price.

Timing Mistakes for First Time Home Seller

The final mistake we’ll cover today is listing your home for sale in the wrong environment. The local real estate market is in a constant state of flux due to various factors. The seasons, other local home listings, interest rates, new home construction, local municipal zoning changes, and a myriad of other factors can influence your sale. Unless you are under a time constraint, it’s best to let your agent advise you on when it’s a good time to list your home, especially if you’re a first-time home seller seeking guidance from Eight-Five Property Ventures.

Selling your first home can be a daunting experience, but with the right frame of mind and professional representation, it will go smoothly. To learn more about the home selling process, contact us today at (877) 522-3747 or email us at marketing@85pvllc.com so we can provide you with a Fair Cash Offer on your Nevada house.

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