Don't Step in These Pitfalls When Selling Your Home

Texas Real Estate Podcast with Gloria Buck

When you sell your home, there are some common pitfalls you’ll want to avoid. Falling into any of these traps can severely hurt your bottom line.

When you sell your home, there are some common pitfalls that you need to look out for.

The way you price your home can make a major difference in the type of traffic your home generates, as well as the types of offers you will receive. If you price too high, you may overprice your home out of the market. Homebuyers typically search for homes within specific price ranges, so if you’re outside their range, they might not even know your home is listed at all.

You also want to avoid letting your home sit on the market because homes that sit on the market do not look good to buyers. They see the cumulative number of days your home has been on the market and wonder what’s wrong with it, which affects your bottom line.

An appraisal will reveal the home’s true market value by determining what homes are selling for in your area. If your home is overpriced, your home will reflect that and you might have to go back to the drawing board to re-negotiate your price.

An appraisal will reveal your home’s true market value.

Overpriced homes also take a long time to sell, and if you’re looking to move on in your life, this could delay your progress. When you price your home, you want to sit down with your Realtor to come up with a price together that reflects exactly what the market tells you.

If you have any questions for us or you’re thinking of buying or selling a home, don’t hesitate to reach out to us. We’d love to help you!