Home Sellers: If you’re looking to sell your home, there are some things you might be doing to make your property less than desirable. The Miami real estate market can be difficult to navigate as it is—the last thing a prospective buyer needs is a seller who makes things even more complicated.
Put yourself in the buyer’s shoes for a minute. You’re probably anxious and stressed about signing your name on a house that turns out to be a bad investment. Like it or not, it’s easy to be annoyed by even the most innocuous speed bumps. So when a seller doesn’t make the process very pleasurable, you’ll be more likely to walk away altogether rather continue to try to negotiate.
Do you want to sell your house without a hitch? Here are a few things that home sellers do to turn off their potential buyers:
Home Sellers Setting the Asking Price Unreasonably High
It’s just a fact of the market. If you’re selling your home, you might be forced to let go of it for less than you think you deserve. Especially when you’ve put a lot of work into renovations and upkeep, the chances are high that you won’t come out ahead, and setting the price higher than it should be won’t change that fact.
When the price is too high, buyers are going to push back in one of two ways: they’re going to make a substantially lower offer than the asking price, or they’re not going to want to do business with the home sellers. After all, an unreasonable price doesn’t usually come from a reasonable person.
Home Sellers Hiding Flaws
If you try to hide something about your home to try to sell it faster, you could be setting yourself up for a lawsuit. Even if you hide something unintentionally, buyers that find out about a flaw after they sign the paperwork will be less than pleased.
After all, the buyer is purchasing your house because they’ve fallen in love with it, and they will most likely live there for years to come. Whether they learn about a flaw first-hand or hear about it from a neighbor, one thing’s certain—they’re going to find out about it regardless.
Home Sellers Taking Things Personally
You’ve spent years making a home that felt like…well, home. But that doesn’t mean that someone else is going to enjoy all the work you’ve put in. They definitely won’t place as high a value on it as you have.
When you start receiving offers, don’t take a low number personally. Instead, look at the number as a starting point where you can start your negotiation. Remember: a low offer is better than no offer at all.
Now that you understand some of the things that home sellers often do to affect their sales, you’re ready to put your home on the market. One of the best things you can do to protect yourself during a real estate transaction is to hire an attorney experienced in real estate law. At AM Law, we understand what is at stake when you are selling your home. Let us guide you through the process so you can focus on starting a new chapter of your life. Contact us today.