Selling your Markham home can be stressful but it can also be exciting. This is a major life-change and you don’t want to make any mistakes that can cost you time and money. Unfortunately, there are several things you may do that can affect your real estate transaction and cost you.
Here are four common mistakes you should avoid when selling your home.
1. Pricing the Home Wrong
Choosing a sale price is one of the most important decisions you will make when selling your house. The right price will attract buyers and help you receive a strong offer. Choosing a price that is too high will keep buyers away but a price that is too low will cost you money.
When pricing your home, work with your Markham real estate agent. Your agent will provide you with a comparative market analysis to help you compare your home to recently sold properties in the area. The agent also understands the current market and can help you set a sale price that will help the home move quickly and will be attractive to buyers.
2. No Preparation for Closing Costs
As a seller, there will be costs you must be prepared to pay. For example, you will have a number of closing costs, repairs, and upgrades that you may be asked to cover. You will also have the real estate agent’s commission you will need to provide as well. In Canada, these fees will typically vary between 3% to 7% of the home’s sale price.
3. Little Home Preparation
Buyers are looking for a home that is move-in ready. They want a home where many of the major repairs and upgrades are completed for them. This means before you place your home on the market, you must take the time to properly prepare the home. Clean and declutter the property. Make any major repairs and improve its curb appeal. Also, take the time to stage the house. This will help your property make an instant impression.
4. Selling Your Home On Your Own
Another mistake many sellers make is trying to sell their property on their own. Real estate is a complex industry and there are piles of paperwork, jargon, and decisions that must be made. Even the smallest mistake or overlooked detail can have major consequences.
As you look for an experienced real estate agent in Markham, give Martin MacFarlane a call. He can help you through the home-selling process and will help you avoid many of these common selling mistakes.