Selling your home can be a fun and exciting experience, but if you want to get a good result from your sale, you’ll need to put some thought into how you approach the market.
With more than two decades of experience selling homes in Etobicoke, I know a thing or two about what sellers should and shouldn’t do if they want to have a great sale. This blog post will focus on the latter.
Without further adieu, here are five mistakes you should avoid when selling your Etobicoke home.
As a heads-up, this post is part two of a blog I wrote a little while ago about common mistakes that many sellers make. If you’d like to read that post first, click here.
1. Listing Your Home As-Is
If you want to make a splash on the market, your home will need to look its best. Although your home may already be great and perfectly suited to your tastes, there are always improvements you can make in order to get a better result on the market.
First and foremost, getting your home market-ready starts with decluttering. This is the time to get rid of unused junk that’s been taking up space or any other belongings that you simply don’t need. As you sort through your belongings, create designated piles for recycling, donating, and throwing away.
Need more home selling tips? I’ve got plenty of insightful posts on my blog! Check out a few below.
- 3 Selling Mistakes That Can Negatively Impact Your Final Sale Price
- What Your Realtor Won’t Tell You About Selling in Toronto
- 10 Real Estate Hacks for Sellers
2. Neglecting Repairs
After clearing away the initial clutter, it’s time to turn your focus to areas of your home that could use a little TLC. Depending on how you’ve kept up with repairs and maintenance over the years, there could be a little room for improvement or a lot. Prioritize repairs that will be important to buyers like stained or damaged floors, loose door hinges, or leaks in the roof. As part of the preparation process, your real estate agent can help you determine which repairs will be necessary before you list.
3. Not Listening to Feedback
Once buyers (and their agents) have the chance to discover your home, both online and in person, it’s important to consider any feedback they may have – even if they don’t end up placing an offer. Buyers have valuable perspectives because they’re actively exploring a wide range of homes just like yours. They can share unbiased feedback about how your home stands up next to competing listings.
With buyer feedback in hand, your agent can help you decide whether or not to make adjustments to your selling strategy.
4. Not Accommodating Showings
I get it – constantly having to be out of your home (especially on limited notice) can be a total hassle. That said, the more buyers who are able to tour your home in person, the faster it will sell. If you really want to get a great result from your home sale, it’s important to be flexible when it comes to accommodating showings.
Heading to the market soon? Check out these blogs for tips on selling preparations.
- Tips For Organizing a Family Move
- How to Get Your South Etobicoke Home Ready For Sale
- Design Trends That Buyers Are Looking For
5. Not Accounting For Selling Costs
The last mistake that you need to avoid when selling your home is failing to account for the costs of selling. While yes, your home sale will bring in a fairly big sum of money, the costs of selling can eat away at your returns if you’re not careful. With that in mind, you’ll want to ensure that you’re familiar with the larger expenses of selling so you can account for them as you head to the market.
As a seller, your largest expense will be agent commissions. Here’s the deal – people throw out a lot of ballpark numbers when it comes to agent commissions. However, the reality is that every agent will charge a different rate based on the unique types of services (and strategies) they can offer. These rates will also change based on your individual needs and market position. So how can you prepare or plan for this expense?
Be sure to ask about commissions and fees as you interview potential agents to sell your home. After getting to know you, your home, and your specific selling goals, most agents will be happy to walk you through a breakdown of their fee structure.