Top Seller’s Mistakes

Home is Overpriced

• One of the biggest mistakes home sellers can make is hanging the wrong price tag on a home. If the home is priced too high, buyers won’t even give it a chance. If it’s priced too low, sellers could lose out on profits.
• Pricing a home to sell is an art. The Market value of your home is based on comparable sales, market valuations, and the condition and location of the home.
• If the home is overpriced, buyers will likely submit ‘lowball’ offers, which tends to annoy the sellers and in turn results in an immediate rejection.
• There are some agents who will deliberately overstate the value of a home and push a seller to sign an overpriced listing. Likewise, there are agents who will allow the client to set the selling price above it’s valuation, knowing that it will likely inhibit it’s own sale.

The Home is in Poor Condition

• Preparing your home for the market goes beyond making the beds and vacuuming the carpet. We’ve attended plenty of home showings with toys strewn about and dishes piled in the sink; buyers can’t seem to get out of those homes fast enough.
• Some homes need modern updating and some deferred maintenance work. Doing repairs before listing your property can boost it’s chances of selling quicker.

Home is Not Marketed Properly

• Poor photographs are unfortunate and could be preventing your home from getting the exposure it deserves.
• What worked in real estate marketing 10 years ago, no longer works today. Because Maine Home Buyers are searching online for their next dream home, it is essential that your listing agent be internet savvy to take full advantage of all the marketing opportunities.