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Common Selling Mistakes
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Mistake #1 -- Listing Your Property for the Wrong Price
Every seller obviously wants to get the most money for his or her product. One of the best ways to do this is NOT to list a product at an excessively high price! Therefore, a high listing price often causes some prospective buyers to lose interest before even seeing your property. Also, it may lead other buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price.
Mistake #2 -- Mistaking Re-finance Appraisals for the Market Value
Unfortunately, a re-finance appraisal may have been stated at an untruthfully high price. Often, lenders estimate the value of your property to be higher than it actually is in order to encourage re-financing. The market value of your home could actually be lower. Ask your realtor for the most recent information regarding property sales in your community to help you make the best decision possible. This will also give you an up-to-date and factually accurate estimate of your property value.
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What do you like most about your current house?
(A) Neighborhood
(B) Size
(C) Amenities
(D) Yard
(E) Other
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