Selling a home is one of the biggest financial decisions you will make and it is easy to make costly missteps along the way.
Here are the most common mistakes sellers make and how a great real estate agent helps you avoid them.
1. Overpricing Your House
It is natural to want the highest price possible especially if you have invested a lot into your home. But setting the price too high can backfire.
Investopedia explains:
“Setting a list price too high could mean your home struggles to attract buyers and stays on the market for longer.”
Homes that linger on the market often face price cuts which can raise red flags for buyers. A knowledgeable local agent will review recent sales market trends and your home’s condition to help you set a price that attracts strong interest and possibly multiple offers.
2. Spending Money on the Wrong Upgrades
With more homes for sale now sellers need their properties to stand out. But not every upgrade adds value.
A local agent knows what buyers are looking for in your area. They will guide you on which improvements make sense and which ones are not worth the cost. Even better they will showcase your updates in marketing materials to help your home get noticed.
3. Refusing To Negotiate
Today’s buyers have more choices and with that comes more negotiating power.
U.S. News explains:
“If you’ve received an offer for your house that isn’t quite what you’d hoped it would be, expect to negotiate . . . make sure the buyer also feels like he or she benefits . . . consider offering to cover some of the buyer’s closing costs or agree to a credit for a minor repair the inspector found.”
Your agent will help you decide when to stand firm and when a small concession can keep the deal moving which helps you sell sooner and start your next chapter.
4. Skipping Research When Hiring an Agent
All of these mistakes are easier to avoid with the right agent. Yet the National Association of Realtors (NAR) says, 81% of sellers hire the first agent they meet.
That can be risky. Read reviews check recent sales and interview a few agents before deciding. The right professional will price your home correctly market it effectively and guide you through every step.
Bottom Line
Selling your house does not have to be stressful. The right real estate agent makes all the difference by helping you avoid these common mistakes sell faster and move forward with confidence.
Thinking about selling your Maui home? Let’s talk about the best strategy to get it sold for the right price.
