It’s no secret that the real estate market in Raleigh, Cary, and beyond is getting stronger each month. The upswing of sales prices may have home sellers becoming a little complacent, which is a huge mistake. Regardless of the market, sellers need to focus on maximizing their equity as soon as their house goes on the market. The real estate agents at Flat Fee Realty know that there are several common yet costly mistakes that North Carolina home sellers make.
The following four mistakes can really hurt the deal:
- Ignoring fees and closing expenses: Request, review, and confirm an itemized list of closing expenses well in advance of closing day. Clear up potentially costly mistakes and ensure that credits and discounts are taken advantage of before hitting the lawyer’s office.
- Letting negotiations fall apart: Buying and selling a home is an emotional process, but don’t let ego get in the way. Instead of taking negotiations personally, step back and focus on creating a win-win deal. Failed negotiations mean extra time on the market, increasing the likelihood that a price reduction will become necessary.
- Using poor quality photos: These days, almost all home searches begin online. It’s amazing how many otherwise great homes have terrible, low-quality, cell phone pictures in their listings. There’s no second chance for a first impression, so make every effort to have the home professionally photographed.
- Not working with a licensed real estate agent: The numbers are clear. Owners who sell their own homes usually will take longer to sell and end up with less profit. However, don’t assume a full service agent (and full service commissions) is the only option. Flat fee and limited service agents can be a great option for some sellers.
Low interest rates from buyers, rising sales prices, and a busy summer real estate season sounds like a perfect combination for homeowners considering selling. That’s true, if sellers learn to identify and eliminate mistakes that could end up costing thousands.
Looking to get the most money out of your home? It literally pays to do everything right. The experienced agents at Flat Fee Realty are ready to show you the ropes. Contact us today!
This post on selling and buying a home in the Triangle is brought to you by the team at Flat Fee Realty and is intended for informational purposes onlThe Future of Real Estate!
Flat Fee Realty
919 342 5230
Photo: Stuart Miles, Freedigitalphotos.net