If you’re looking to sell your Mobile, Baldwin County, & Gulf Coast Mississippi house, or if you’re an agent who is selling houses in Mobile, Baldwin County, & Gulf Coast Mississippi, here are 4 mistakes you should avoid when listing a property in Mobile, Baldwin County, & Gulf Coast Mississippi…
First, Don’t Assume That You Can Sell Right Away
The market varies and can even shift from one day to the next, depending on a number of factors. So make sure you set realistic timelines.
It could take months for the sales process to be completed – from fixing up the house to showing buyers to negotiating to setting a closing date to moving out. If you are an agent, be careful not to over-promise a timeline to your sellers.
Second, Don’t Assume That The Asking Price Will Be The Selling Price
The asking price is the starting point in the sales process – it establishes what a seller wants to sell for. If you are a seller, understand that the actual selling price might be different than the asking price. If you’re an agent, make sure you explain this to your sellers early the process so they aren’t compromised when any buyer wants to negotiate. Both sides need to be able to walk away happy.
Third, Don’t Assume All The Money Goes Right Into Your Pocket
Some people make the mistake of assuming that the selling price (minus anything they owe on their mortgage) is pure profit. This isn’t always the case.
If you are a seller, make sure you know that there will be agent commissions, closing costs, and other fees you’ll have to pay. Be sure to ask any agent you work with upfront about what costs will be expected of you.
Fourth, Don’t Assume That The First Offer Will Go Through
Buyers often make offers and then discover that they can’t get financing for some reason.
If you are a seller, be prepared to have one or two buyers fall through before one sticks. If you’re a real estate agent, prepare your sellers ahead of time by explaining this so they can be ready in case it happens.
Whether you’re a property owner looking to sell, or you’re a real estate agent who is representing sellers, these are 4 common mistakes that can happen during the sales process – so make sure you’re aware of them.
If you’d like to avoid these four mistakes or the listing process altogether, considering selling to a real estate investment firm like Southern House Buyers . Here at Southern House Buyers , we are focused on getting you the highest amount of money the quickest way. Give us a call at 251-333-7556 to get a fair, cash offer today!