Mistakes to Avoid When Selling a Home

Unless you have experience in real estate, the process of selling a home can be a bit complicated. Having knowledge of your local market is essential, as is a familiarity with the property transfer process. It pays to have a professional realtor by your side to guide you through the process.

Overpricing Your Home

How much would a buyer be willing to pay for your home under normal circumstances? Knowing this amount is the essential first step to determining your home’s fair market value. To determine this value, you can take your home’s assessed value (used for tax purposes) and build on it by considering the property’s location and amenities. Consider recent selling prices for comparable homes in the area. The value you get would be the fair market value — a price that you shouldn’t exceed if you want your home to sell in a reasonable amount of time.

Spending Too Much on Renovations

Deciding on major renovations before selling you home could be a big mistake. You may think that getting that bathroom renovation done right now will boost your home’s value. It could, but because decorating tastes can wildly differ, your dream bathroom may not be someone else’s dream. Ultimately, that bathroom remodeling project might not increase the value of your home by the same amount you invest.

Not Patching Things Up

Never assume that it’ll be easy to sell your home “as is.” Instead, invest in small improvements that can make a cosmetic difference. Take your time to replace old carpet, aging appliances, add fresh paint and do any other home improvements that will spruce up your property before trying to sell it.

Get Remodeling Help From DreamMaker

As expert remodeling contractors, DreamMaker Bath & Kitchen of Wilmington strives to provide you with quality materials to guarantee the best results for your project. To learn more about what we have to offer, simply give us a call at (910) 212-5889. Get in touch with us today!

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