Be Aware Of The Problems When Selling Your Home

An overpriced house is a big buyer turn-off particularly in a tight real estate market. The thing to always remember is - your home is worth what someone is prepared to pay for it in the CURRENT MARKET.

The problem is; most of us become attached to our home and believe our home is worth more than it really is.

Pricing your home to sell does not mean giving it away for next to nothing. It just means being realistic and listening to the market. A buyer does not care about how much you might want or need, they only care about what the property is worth to them.

Don’t fall into the trap of overpricing your property. The longer your home is on the market, the weaker your bargaining power.

Major problems (such as structural problems, leaking roofs etc.) could mean either, you invest big dollars resolving them, or you adjust your listing price accordingly.

Major problems can affect the price you get, or how quickly you sell your home. Some of the problems can be fixed (for a price) while others problems you may not be able to do anything to fix.

Remember, no property is perfect but you need to at least be aware of the existence of any of the following problems and decide what, if anything, you are going to do about them prior to putting your home on the market: bad location, bad wiring, subsidence, foundation problems, structural problems, major cracks, poor plumbing, environmental hazards, bad floor plans, a bad roof, or poor parking.

Buyers will be scared off by major problems, so you need to think clearly about your options and seek professional guidance. I wish you every success selling your home.