If you’ve just purchased your dream home andhave to sell it because you’ve been transferredto another city or you’re over mortgaged andsinking fast, there are a few things you shouldnot do.
• First, don’t go it alone. Second, be careful notto overprice your home.• Sellers are often tempted to sell their homesthemselves, particularly if money is tight.• It’s best to resist thetemptation, though, especially if you are in ahurry to sell a home.
It’s a fact that homes that aresold by their owners often takelonger to sell than those soldthrough a real estate agent. Aswell, selling yourself takes up a lot of yourvaluable time. And time, as they say, is money.Overpricing is the main reason many homes areslow to sell. Sellers often have an exaggeratedidea of their home’s value.
They may be blind to its faults and overestimate itsgood points. For a reality check, visit neighborhoodopen houses. It’s also wise toreview local listings for pricesof similar homes in your area.Your best bet to move thathouse quickly is to find a localreal estate agent who can bringspecial expertise about yourneighborhood.
Such an agent will have networks of contactswho may be looking for properties in your area.Sellers should listen to their real estate agent.The agent will know the comparables and beable to advise you on changes that could makethe property more salable
The real estate agent will alsostudy comparable properties toestablish the true value of yourhome. That way you can price itcorrectly and develop a marketing strategy thatwill work for you.