Common Selling Mistakes

Detroit Real Estate, Michigan Homes for sale, Michigan Real estate


Reading the contract and knowing what it means
You must read the listing contract and the purchase agreement when you get them.  You must stay informed of the details of your real estate contract. Real estate contracts can often be very complex and confusing, and they are legally binding documents. That is why it is good to have an agent to explain it and be able to offer solutions to issues as they come up.  It is important that you know what you are responsible for before signing the contract. Not being familiar with your contract could cost you hundreds, or even thousands of dollars on repairs..

Asking The Wrong Price For Your Property
Price your property right.   We want you to get the highest possible price for your property because they you will be bragging to your friends that you sold at a great price.  but it is a fine line to overpricing. Placing an excessively high price on a property often leads to a longer selling time, lower offers, and missed opportunities. Before you set your price you should go over all the area sales and comparables in that area. Have your agent prepare this for you and get a copy to look over yourself. A high listing price will often cause prospective buyers to anticipate more than what you have to offer, or even cause them to lose interest before they even view your property. As a result, overpriced properties have a tendency to take an unusual amount of time to sell, and they end up being sold at a lower price.

Only Using One Method Of Marketing/Advertising
There are many ways to market and advertise your property these days such as the MLS,Open Houses, Classified Ads, Home Magazines, Real Estate Websites, Flyers, etc. Your realtor should employ a wide variety of marketing techniques. You also want to select a realtor that is going to be committed to selling your property; they should be readily available for every phone call from a perspective buyer. Most contacts are made during business hours so verify that they will be trying to sell your home during these hours.

Not Preparing Your Home For Sale
The home needs to be made a presentable and as pleasant as possible when attempting to sell to prospective buyers. Be sure to make any necessary repairs and clean. A dirty home in need repairs will lower the value of your home and even turn away some buyers.
Check out our 10 tips to help you sell.

Pressuring While Showing
Buying a home can be an emotional and difficult decision. So it is not normally a good idea to pressure or negotiate with prospective buyers while they are viewing your property. It is best not to be in the house at all.  Buyers feel funny about looking at a home when the seller is there.  let the buyer go through the house thoroughly.  You want them to feel comfortable and spend time in the house.

Choosing The Wrong Real Estate Agent
It is important to take your time when selecting a real estate agent. Be sure to interview several agents. Select one that has exposure on the internet, that has experience, that gives you advice.  Selling your home is sometimes a trying time and you need a good agent in your corner.

Locking Yourself In
You should take your time when selecting a real estate agent. But sometimes it is possible to misjudge and select the wrong agent to represent you, or perhaps their first impression was good but they just have not followed through and are not meeting your expectations. In any case, you should have the right to fire your agent. My brokerage firm has an esay out.  Anytime you no longer want to deal with us you can go and find another agent.  Also you should have the right to choose another agent instead of just being appointed another one with out consulting you. Make sure you are in the "drivers seat" before signing a real estate contract.

Don't make these mistakes when going to sell your Oakland County Home, or your Wanye County home, or your Livingston County home.