3
WWW.HOUSTONMORTGAGETEXAS.COM Call Today: (800) 704-5432 or (281) 305-9375 Click Here to Apply For Your Houston Mortgage {1} PAGE HOUSTON FHA & USDA MORTGAGE CONVENTIONAL MORTGAGE MORTGAGE HOUSTON VA MORTGAGE 1ST-TIME HOMEBUYERS Three Biggest Mistakes in Home Selling Selling a home to a homebuyer is not an easy task; it will take a lot of price surveying, open houses, detailed negotiations, and a handful of rejections. Whether you are a homeowner decided to sell your house or a real estate agent, given the current context in housing market trends, home selling is a tough job. But of course, if you want to succeed in the business of real-estate, there are avoidable mistakes that you must know of. Here are the top three biggest mistakes in home selling. Price the Home Correctly Overpricing a home will not help you at all. Homebuyers tend to be driven away by a real estate agent asking for too much money. Homebuyers will not make time to visit an overpriced house. Moreover, a house staying in a market for too long is a house of lower market value. Note that setting too low house prices might also inflict suspicions among your clients. Too low house prices can also insult and infuriate potential buyers. A true home seller values his buyers and tends to give reasonable prices based on substantial research on current housing market demands. Pricing a house requires a deliberate analysis of market movements, housing supply and demand, and neighborhood characteristics.

Three Biggest Mistakes in Home Selling – PrimeLending Houston

Embed Size (px)

Citation preview

Page 1: Three Biggest Mistakes in Home Selling – PrimeLending Houston

W W W . H O U S T O N M O R T G A G E T E X A S . C O M

Call Today: (800) 704-5432 or (281) 305-9375Click Here to Apply For Your Houston Mortgage

{1}PAGE

H O U S TO N F H A & U S D A M O RT G A G E C O N V E N T I O N A L M O RT G A G EM O RT G A G E H O U S TO N VA M O RT G A G E 1 S T- T I M E H O M E B U Y E R S

Three Biggest Mistakes in Home Selling

Selling a home to a homebuyer is not an easy task; it will take a lot of price surveying, open houses, detailed negotiations, and a handful of rejections. Whether you are a homeowner decided to sell your house or a real estate agent, given the current context in housing market trends, home selling is a tough job. But of course, if you want to succeed in the business of real-estate, there are avoidable mistakes that you must know of. Here are the top three biggest mistakes in home selling.

Price the Home Correctly

Overpricing a home will not help you at all. Homebuyers tend to be driven away by a real estate agent asking for too much money. Homebuyers will not make time to visit an overpriced house. Moreover, a house staying in a market for too long is a house of lower market value. Note that setting too low house prices might also inflict suspicions among your clients. Too low house prices can also insult and infuriate potential buyers. A true home seller values his buyers and tends to give reasonable prices based on substantial research on current housing market demands. Pricing a house requires a deliberate analysis of market movements, housing supply and demand, and neighborhood characteristics.

Page 2: Three Biggest Mistakes in Home Selling – PrimeLending Houston

W W W . H O U S T O N M O R T G A G E T E X A S . C O M

Call Today: (800) 704-5432 or (281) 305-9375Click Here to Apply For Your Houston Mortgage

{2}PAGE

H O U S TO N F H A & U S D A M O RT G A G E C O N V E N T I O N A L M O RT G A G EM O RT G A G E H O U S TO N VA M O RT G A G E 1 S T- T I M E H O M E B U Y E R S

Page 2 - Three Biggest Mistakes in Home Selling

Improve the Condition

Houses in bad condition are shrugged off by potential buyers. If you want to have a competitive house in the market, make sure that it is in good condition. During open houses, make sure that the sheets are sanitary, rooms are clean, floorings and roofs are fixed, and general appearance of the house is pleasant. Buyers have the tendency to avoid houses with deferred maintenance, so better to do quick repairs when selling your house. If you do not have the intention to do repair and uplift maintenance of the house you are selling, be prepared to consider an unsatisfying price for your house. Remember that most of the homebuyers prefer to buy a ready to move-in house. Avoid putting your house on the market when it is still unready because a good presentation is everything- it is necessary to make it marketable and pleasing to any home buyers

Strong Marketing

Strong marketing strategies are needed when selling a house and most real estate agents and home sellers forget this basic requirement. Just like any business a good marketing plan attracts investors so as in home selling, an attractive and aggressive marketing strategy boosts sales in no time. Be creative in developing your marketing campaign. Sellers must also expose their houses to a large pool of buyers. As buyers are visual, produce nice, up-close, and angled photographs of the home you are selling- the front area, the exterior area, and the interior area. Make virtual tours of the house exciting and/ or you can put up a website dedicated to the house. If your budget permits, Signage and print advertisement are also a lot of help. Good mouth from your previous customers and from your professional networks is also needed.

Page 3: Three Biggest Mistakes in Home Selling – PrimeLending Houston

W W W . H O U S T O N M O R T G A G E T E X A S . C O M

Call Today: (800) 704-5432 or (281) 305-9375Click Here to Apply For Your Houston Mortgage

{3}PAGE

H O U S TO N F H A & U S D A M O RT G A G E C O N V E N T I O N A L M O RT G A G EM O RT G A G E H O U S TO N VA M O RT G A G E 1 S T- T I M E H O M E B U Y E R S

Page 3 - Three Biggest Mistakes in Home Selling

Successful Home Sales

In a nutshell, being a home seller challenges your ability to be creative, aggressive yet patient and reasonable. Success rates in home selling depend on your capability to deal with other homebuyers and to establish trustworthy transactions with these customers. Proper staging of the properties you are selling and aggressive marketing strategies are the strengths of a successful home seller. So avoid the mistakes and mentioned above, and be a successful home seller.

Call today: (800) 704-5432 or (281) 305-9375 or visit us online: http://www.HoustonMortgageTexas.com