When Selling Their Home: The Biggest Mistakes Property Owners Make

April 13, 2023 by Blake DeWitt

Selling your home is bound to be a learning experience even if it isn’t your first-time taking part in this kind of a transaction. If you’re thinking about putting your property on the market, it’s important to avoid some of the biggest mistakes that property owners make. In this article, we’ll discuss some of the biggest mistakes to avoid, and how investorade can help you avoid these pitfalls.

Mistake #1: Failing to Calculate How many houses You Can Afford

Before you start looking at homes, it’s important to know how much house you can afford. Many people make the mistake of assuming that they can afford more than they actually can. To avoid this mistake, use investorade’s mortgage calculator to calculate how much home mortgage you can actually afford. This tool will take into account your income, expenses, and other factors to give you an accurate estimate of how much you can afford to spend on a home.

Mistake #2: Failing to Calculate How Much the Sale Will Cost You

Another common mistake that property owners make is failing to calculate how much it will cost to sell their homes. When you sell your home, you’ll need to pay for things like real estate agent fees, closing costs, and any repairs that need to be made if you are not working with a company like investorade. These costs can add up quickly, so it’s important to calculate how much the sale will cost you before you put your home on the market. Use investorade’s “Calculate How Much Will This Cost Me” tool to get an estimate of how much you’ll need to spend to sell your home. If you are working with investorade, one of the biggest advantages of working with us is that we do not charge any fees, and we even pay your closing costs.

Mistake #3: Not Preparing Your Home for Sale

Another one of the biggest mistakes that property owners make when selling their homes is not preparing the land or home for sale. This can include things like failing to make repairs, not cleaning or decluttering the home, and not staging the home properly. When you’re selling your home, it’s important to make it as appealing as possible to potential buyers. This means taking the time to make any necessary repairs, cleaning and decluttering the home, and staging it to show off its best features.

Mistake #4: Overpricing Your Home

Property owners often often make the common mistake of overpricing their home when selling their home. It’s important to remember that your home is only worth what someone is willing to pay for it. If you overprice your home, you may scare off potential buyers and your home may sit on the market for a long time. Use investorade’s “Calculate How Much House I Can Afford” tool to get an estimate of what your home is worth based on market conditions and other factors.

Mistake #5: Failing to Work with a Real Estate Agent

Finally, many property owners make the mistake of trying to sell their homes on their own, without the help of a real estate agent or an experienced seller like investorade who can handle the entire selling process on your behalf. While this may seem like a good way to save money, it can actually end up costing you more in the long run. An investorade representative will help you navigate the complex process of selling your home, negotiate with potential buyers, and ensure that you get the best possible price for your home without any additional charges or closing fees. Meanwhile, a real estate agent will want commission and you will also need to pay closing fees, as well.

At investorade, we understand that selling your home can be a stressful experience. That’s why we’re here to help. Our team of experienced real estate agents can help you navigate the selling process, from determining how much house you can afford to preparing your home for sale and negotiating with potential buyers. Contact us today to learn more about how we can help you sell your home quickly and for the best possible price.