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10 Mistakes Home Sellers Can Avoid in Los Angeles
Ready to sell your Los Angeles home? You will likely have many decisions to make along the way. Learn more about the mistakes home sellers can avoid before selling their Los Angeles home!
There are many things to consider when selling your home. Sellers often make the same mistakes, but there are ways to avoid them. The first step is to find out what it is!
#1 – I don’t explore the options
You don’t need to list your Los Angeles home to sell it. You can choose to sell it yourself either on the market to traditional buyers or directly to an investor or professional real estate buyer. What works for a real estate seller may not work for you. Before you call an agent, take a look at what’s available for you! Exploring the options will ensure you get the best result.
#2 – Incorrect pricing
If you choose to list your home, one of the biggest mistakes you can make is pricing it too high out of the gate. Many sellers have an over-inflated price in their head, trying to get as much as possible without considering what a realistic price to sell would be. Some agents will advise you to list high so they can get you to sign with them while they get a chance to earn a higher commission.
#3 – You don’t clean up your personal belongings
Imagine you were viewing a property. You wouldn’t want to see someone’s vitamins on the table, family photos everywhere, or their pile of mail on the counter. Seeing personal belongings strewn about can make people feel very uncomfortable. They need to be able to imagine themselves at home, not feel like they are invading someone’s space. Many people will pack everything but the essentials and put it all in storage until the house is sold.
#4 – Not all costs are considered
If you decide to list your home in Los Angeles, there are all kinds of costs to consider. There are not only agent commissions, but also agent fees, administrative costs, marketing costs, listing fees, closing costs and more.
#5 – We don’t do the necessary repairs
Not doing some things up front will cost you down the road. Once your buyer does an inspection, they will often ask for certain things to be fixed. You may be blinded by the number of repairs your home needs. Some sellers choose to do their own inspection before listing so they have an idea of what they want. Addressing problems in advance will save you time and money down the road.
#6 – Not disclosing items in advance
These items will come back to bite you. Either at the inspection or when the new owner sues you. By law, you must disclose what you know about the property.
#7 – Without putting things for pets and children
While kids and pets are great, not everyone has them. Some people will feel a little uncomfortable if there are chew toys on the sofa or legos all over the floor. Remember, the experience is about them. Make areas feel neutral but inviting.
#8 – We don’t put personal feelings aside
This is business. If someone comes to look at your house and you hear them say they want to take out the garden to add a deck, don’t get too hung up on it if they intend to pay you the price you want. Although you may feel a little sad, this is business and losing a potential buyer over something trivial can be a huge mistake.
#9 – Hiring a bad agent
It can be easy to hire the wrong agent. Some are full of charm and are great at sales. This is great when they are trying to sell your home, but they also use this charm to get you to sign with them. Make sure they don’t make false promises or only worry about their supply. You can look at reviews, but it’s best to hear first-hand experience from people you know and trust. You’re just not going to click with everyone. You may find that the top agent in town can be incredibly stressful to work with.
#10 – You don’t have a game plan
Selling your home can be a stressful time, but it doesn’t have to be. Having a game plan will help you get through the process unscathed. Generally speaking, if your property is in very good condition and you can wait months to sell it, signing up with a broker is the best plan. If, on the other hand, your property is distressed and you need to sell quickly, selling to an investor or professional home buyer is usually the best option.
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