Your Home Sold Guaranteed Realty - Nancy Kowalik Group

5 Worst Mistakes When You Try to Sell a House in South Jersey

5 Worst Mistakes When You Try to Sell a House in South Jersey

Thinking you should try to sell a house in South Jersey? If you’ve never sold a home before, you might be at risk of making a number of mistakes during the process. 

Selling a home is a significant financial undertaking, so if you want a successful transaction, you’ll need to educate yourself about what’s involved. This is especially the case in a cold housing market. 

In this article, our real estate professionals at Your Home Sold Guaranteed Realty - Nancy Kowalik Group will highlight five mistakes home sellers often make. By familiarizing yourself with these pitfalls, you can avoid them and increase your chances of selling your home fast and for top dollar.

Working With An Average Agent

The top worst mistake home sellers often make is hiring the first realtor they come across. While every realtor claims they can sell your home fast and for top dollar, the truth is this isn’t always the case.

Every realtor has varying skill sets that may excel in certain areas but not others. That’s why it’s essential to interview multiple realtors– ideally three to five– before hiring one. 

During the interviews, ask about the agents’ experience, local market knowledge, marketing strategies, and track record of success. When assessing their track record, look at specific statistics such as their average selling speed, the number of homes sold in the past six months, and their average list-to-sale price ratio. 

By gathering this information, you can make an informed choice and find a realtor who is the right fit for your needs.

Spending Too Much

Not budgeting properly is another common mistake that home sellers run into. Before you begin your home sale, create a budget that takes into account:

  • Closing costs. Home sellers are responsible for covering the majority of the closing costs in a real estate transaction, which includes commissions for both your listing agent and the buyer’s agent.
  • Home repairs and renovations. Consider the expenses associated with renovating, upgrading, and preparing your home for sale. These costs can vary depending on the extent of the improvements you choose to make.
  • Buying your next home. This includes considering the down payment, closing costs, and any fees or expenses associated with homeownership, including packing and moving.

By considering all these costs and budgeting accordingly, you can ensure a smoother home selling experience.

Leaving Your Home As-Is

Some home sellers may try to sell a house in South Jersey as-is just to get it on the market faster and avoid paying thousands on repairs and renovations. While you don’t have to pay to renovate your entire home, it can be a good idea to renovate high-traffic areas, like the kitchen, bathrooms, and living room.

Ultimately, going the extra mile to upgrade key areas of your home might be an upfront investment. But it means you can charge a higher asking price. 

Not only that, but you’ll be able to justify your asking price to prospective buyers. These renovations will also help your home stand out compared to others on the market, particularly if your home is older. 

It’s important to remember that home buyers will also be considering new construction homes. So making your home more modern will help you compete against these properties as well.

Taking Bad Photos 

High-quality photos and videos are crucial. Most home buyers browse listings online, so the photos you use in your listing must show off your home’s best features. 

Many realtors have a photographer they recommend using, and they’ll also cover the cost from their commission as part of their marketing strategy.

If you’re searching for your own photographer, be sure to check out their portfolio and the quality of their work. 

Getting Emotional While Negotiating

Lastly, another common mistake home sellers should avoid is not remaining objective when they receive a lowball offer from home buyers. You should expect the first offer from a buyer to be lower than the asking price. 

This isn’t because the buyer thinks you’ll actually agree to this amount– usually, they just want to see if there’s any room for negotiation. You have the option of sticking firm to your asking price or offering to lower it slightly. 

If you don’t want to lower it, you can always add in some concessions to sweeten the deal for the home buyer.

But overall, it’s important to evaluate and respond to every offer objectively, and not take it as a personal attack against your home.

Nancy Kowalik Makes it Easy to Try to Sell a House in South Jersey 

If you want to try to sell a house in South Jersey, it’s important to have a pricing and marketing strategy. This is where a real estate team like Your Home Sold Guaranteed Realty - Nancy Kowalik Group comes in.

Our realtors have been working in the South Jersey area for years and have developed a reputation for our selling speed. On average, we sell homes 48% faster and for 2.4% more money than our competitors.

Our success is why clients know us as the best realtor in South Jersey. Clients also love working with us because we go the extra step of guaranteeing the sale of your home through our seller guarantees.

This includes our Guaranteed Sale Program, which ensures your home will sell within your desired time frame. If not, our team will buy it ourselves.

To learn more about working with our real team, give us a call at (856) 230-7077. You can also fill out the form below for more information.

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