Selling a home is one of the most stressful periods in life of most US citizens. Not only do you have to prepare yourself for a great change, but the process itself can prolong, especially if you are doing it the traditional way. If you plan to sell your house fast, there are some mistakes you should avoid.
If you are a first time home seller, it’s easy to make a few mistakes on the way. The process is long and confusing and no one is born knowing how to be good at it. However, when you need to sell your house fast, you can’t afford to make too many wrong steps, as just one is enough to completely delay the sale. Here are just some of the mistakes you really should try to avoid when you want to sell your house fast in Milwaukee.
Listing a House on Your Own
Listing with an agent comes with a price. All real estate agents come with a commission fee, which is typically around 6%. This is why some people decide to list their home FSBO. However, if you don’t have experience in homeselling, selling alone is not the best decision for you. Laws and the housing market are changing quickly and it’s rare of an ordinary person to stay in touch with all the new trends. Working with an agent or a direct buyer can also help you get a better price and you may end up profiting more than if you’re negotiating by yourself.
Leaving Everything to an Agent
Real estate agents are experienced in selling homes, that’s true. However, not every agent will work in your best interest or won’t give their best effort, as they’re saving it for luxurious homes. It’s always better to leave a few things to yourself. First, calculate the price on your own. Sure, you should listen to what your agent has to say, but it’s better to be able to notice if anything is suspicious. Also, you should place some effort into advertising and marketing activities, as most real estate agents in Milwaukee won’t include advertising in their original price. If you plan to sell your house fast, leaving everything to an agent can prolong this already slow process.
Setting the Price Too High
Price can be the main selling point of the house. This doesn’t mean that you should list your property too low, however, setting the unrealistically high price is the biggest no-no. Overpriced homes will take long to sell – and most of them won’t sell, at all. Buyers will most likely have some knowledge of the market and they will know that they can end up with a much more affordable property. In fact, listing under the market value is a tactic you may want to use to sell your house fast. Keep in mind that with the real estate commissions, you may end up at loss in the end. If you are prepared to sell at a lower price, it is best to sell it to a reliable direct buyer in Milwaukee.
Using Unprofessional Photos
Staging and photographing your home is of crucial importance. In the age of the COVID-19 pandemic, using good photos holds even greater values, as open houses aren’t safe anymore. Even if your house isn’t the most beautiful one, good photos can make it stand out. There are so many good homes on sale that won’t find a buyer because of bad, unprofessional photos. When photographing your property, you should work with a wide lens, as it will give everyone a better look of the entire room. Ideally, you should hire a professional photographer who has experience shooting houses. This is always a better choice than taking snapshots on your phone. Of course, a good photographer costs, and as you are likely looking to sell your house fast, we understand that you want to cut all the unnecessary expenses. This is why direct buyers won’t expect professional photos from their sellers.
Selling to Buyers Who Aren’t Qualified
When listing on MLS, it’s harder to sell your house fast because of a large amount of unqualified buyers. If you are selling to direct buyers, you are working with professionals who already have their loan approved and who won’t give up on sale. Traditional buyers often aren’t qualified and the bank won’t always approve them for a mortgage. This is an issue, as it will set you a few steps back and you have to go looking for new buyers from square zero. It isn’t a bad idea to ask all potential buyers to have a pre-approval letter as a proof of their financial capability. This is especially important if you have to sell your house fast and to close before a certain date.
Getting Too Emotional
Even if this isn’t the first home you’re selling, it’s easy to get emotional. You have spent years living inside this one property, and now you are getting rid of it, together with all the memories that tied you to that home. It’s easy to allow your emotions to overcome you. However, when you are too emotional, you are more likely to make mistakes. Maybe you’re feeling offended because you feel like the estimated price is too low. Maybe you feel like you are giving it to the wrong buyers. There’s a chance that you are even seeing your house through the pink eyeglasses, thinking that it is way prettier than it truly is. If you want to sell your house fast, you have to remain neutral and to think like a buyer, and not like someone that lived in the property.