As a seller in a buyer's market there are several common mistakes that are made. Knowing what they are, and not falling into them will help you sell your house faster!
1. Listing your home for a price that is comparable to others listed in your area. This is a problem because those homes are still on the market, and in this market sale prices are often much lower than what properties are originally listed at. Contacting a qualified Broker who can research similar properties that have sold, and help you price your home right, will make the process smoother, and save you money in the long run.
2. Listing your home for what you paid for it, plus what you want to make on it! If you bought your home at the height of the market, and expect to make several thousand dollars on it today, you are up for a world of hurt. Find out the market value of your home (what it will probably sell for today) from a Realtor. If that number doesn't make you faint, then list your home!
3. Expecting to get all of your money back on improvements and upgrades. You love your new kitchen, and felt every penny and minute you put into it deep in your stomach. The buyer will not, and will not reimburse fully for the time, efforts, and money. Hopefully the changes you did make will not turn buyers off.
4. Putting your home on the market just to see how much interest there is it, or if you could even attract a buyer. The longer any house is on the market the less it is worth. Don't waste your time and emotions or a Brokers! When you are ready to move out then you a ready to sell, not a minute before.
For more info on these pitfalls check out this article!
http://realestate.oregonlive.com/?classification=real+estate&temp_type=search&tp=RE_olive&tl=42&guid=99692
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