Putting your home on the market can be thrilling and nerve-racking all at once, whether you're moving up, scaling down, or relocating for a new chapter. Over the years, I've seen the same handful of missteps trip sellers up again and again. Here are five of the most common, along with how to steer clear of them.
Mistake 1: Seeing Your Home Only Through Your Own Eyes
It's natural to feel attached to your home and to place a high value on the features you love. Buyers, though, are asking a different question: does this house work for them?
What to do instead:
- Step into a buyer's shoes and think about which features they'll actually care about.
- Learn what's happening in your local market and what today's buyers are looking for.
- Ask for candid feedback from friends, family, or a real estate professional.
Mistake 2: Listing Before You're Ready
When the market is moving, it's tempting to list right away. But skipping the prep work often means missed repairs, so-so staging, and lackluster marketing, all of which can turn buyers off.
What to do instead:
- Map out a timeline that leaves room for repairs, staging, and marketing.
- Handle needed repairs and stage the home so it shows well.
- Partner with your agent on a solid marketing plan.
Mistake 3: Relying on Old-School Pricing Tricks
You've probably seen homes listed at something like $499,990 instead of $500,000. That approach, known as left-digit bias, works well in retail stores, but it can backfire in real estate. Most buyers start their search online and set their filters using round numbers. A home priced at $499,990 could be invisible to buyers searching between $500,000 and $600,000.
Smarter pricing approaches:
- Use a comparative market analysis (CMA) to land on a competitive price.
- Get an accurate valuation from a professional appraiser.
- Think about pricing just under key thresholds.
- Be prepared to adjust based on how the market responds.
- Call attention to unique features and recent improvements to support your price.
- Consider pricing a bit below market value, which can draw several offers quickly and may push the final price higher.
Mistake 4: Not Taking Photos Seriously
In a market where nearly every buyer starts online, great photos aren't optional. Still, plenty of sellers settle for mediocre images. High-quality photography:
- Makes a strong first impression
- Puts your home's best features front and center
- Drives more views and more inquiries
- Can help your home sell sooner
- Can lead to a higher price by attracting more buyers and more competitive offers
Mistake 5: Hiring the Wrong Agent
Picking an agent because you know them personally, or because they promised the highest list price, can mean a longer sale and a lower final number.
Common traps:
- Hiring a friend or family member who isn't the best fit for the job
- Believing an agent who suggests an unrealistically high price
- Choosing mostly on the lowest commission, which can come with weaker service
- Working with someone who doesn't know your local market
- Putting up with poor communication that leaves you frustrated
What to look for instead:
- A proven history of sales in your area
- A well-thought-out marketing strategy
- Deep knowledge of the local market
- Clear, consistent communication
- Strong references from past clients
Sell Smarter
Steering clear of these mistakes and approaching your sale with a plan can make the whole process less stressful and a lot more successful.
When you're ready to take the next step, reach out to me. I'd be happy to talk through a game plan for selling your home.