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Selling Your Home – Traps to Avoid

on July 10th, 2014

for sale signDon’t be discouraged. The reason your home will not sell may have nothing to do with your home or the market! Make sure you stay away from these traps:

Is the price of your home way too high? Overpricing is the most common reason homes don’t sell. Even if you find a buyer at your inflated asking price, the property may not appraise at that figure and the financing will not work. Want to find a reasonable price? Ask for a comparative market analysis (CMA). If your home remains on the market too long, agents and buyers may begin to wonder if there are other, perhaps more serious, reasons why it isn’t selling.

Does your Home not look inviting? Is your home competing against shiny new houses in pristine new subdivisions with attractive prices, incentives and community amenities? Mostly, even the best old home needs a little makeover if it hopes to attract a qualified buyer.

Are you battling tough competition? In a seller’s market, homes go fast. The number of houses on the market is low, meaning less competition for you. But in a buyer’s market, sales are slow, the number of homes on the market grows and buyers can find bargains, especially when they know the seller is motivated.

These tips can be very useful during the selling process.