Home Sellers: 7 Great Ways to Lose Money

Many home sellers list and sell their homes in haste.that could be a warning sign that the agent under
Sometimes they get lucky and pick a great listingvalues the selling price. Of course, under-priced houses
agent to help them. Knowledgeable agents guide thesell right away!
home seller through the process to a successful sale.Mistake #4 - Signing a six month listing. Most houses
On the other hand, some home sellers get talked intogo up in value. If your home sits on the market, it might
listing their home by a high-pressure agent or the homeneed more sizzle or aggressive advertising to
seller lists with well-meaning family member or friendgenerate offers. A long listing gives agents too much
who plays at real estate.time and takes the pressure off.
To get the most from your home sale--in profits,Mistake #5 - Letting the agent talk you into lowering
protection, and yes--enjoyment, avoid these mistakesyour sales price or accepting an offer for a lot less
that can lose you money.than asking price. Just because your home didn't sell
Mistake #1 - Listing your home without making aright away doesn't automatically mean that the price is
marketing plan. Your home is most likely your mosttoo high. Remember, it only takes ONE buyer to fall in
valuable asset. Think of your property like a businesslove with your home.
investment. "Market" your home like a business. WriteMistake #6 - Letting agent's show your home without
out a business plan for your home sale.staging the setting. If you can't be home to turn on the
Mistake #2 - Listing your home before you get it readylights, air the home out, and make sure everything is
to show. Too many home sellers make a snapperfect, make sure you choose an agent willing to
decision to sell and immediately list their home beforefollow your list of things to do prior to showing and that
they prepare the property for selling. Besides deepthe agent will open the home for showing. Just letting
cleaning and decluttering, you must make your homeother agents use a lock box can cost you lost dollars.
stand out so home shoppers choose your home overMistake #7 - Selling the home without proper legal
competing homes for sale.protection. You or your listing agent must understand all
Mistake #3 - Accepting a listing agent's marketthe disclose statements, contracts, and contingencies.
evaluation without checking your competition. Don'tSome savvy real estate agents even hire another
accept the first agent's market evaluation withoutlisting agent just to protect themselves with all the
doing your homework. Sometimes the best sellingcomplex documents. You don't want to be a party to
agent gets that distinction because they list housesa lawsuit and lose money after your home is sold.
low. If you hear "My listings always sell right away,"Copyright © 2006 Jeanette J.