- Refusing to Make Profit Inducing Repairs
It always costs you more money to sell 'as is' than to make repairs that will
increase the value of your home. Even minor improvements will often yield as
much as three to five times the repair cost at the time of sale. Your agent
will be able to point out what repairs will significantly increase the value
of your home. Seemingly small fix up jobs can have quite an impact.
- Not Considering Other Financing Terms
Cash is not always the most advantageous transaction. Income level, tax
benefits and current legislation are all critical factors when considering
purchase terms. Professional Real Estate Investors are experts at home
transactions and can lead you down the path that will give you the highest
yield.
- Provide Easy Access for Showings
Accessibility is a major key to profitability. Appointment-only showings are
the most restrictive, while a lock box is the least. However there are certain
considerations to take into account: your lifestyle, time frame for the
desired sale and the relationship with the person representing your interests.
The more accessible your home is, the better the odds of finding a person
willing to pay your asking price. You never know if the one that couldn't get
a viewing was the one that got away. By developing a trusting relationship
with an investor, he or she will show the home with your best interests in
mind.
- Priced Too Low/Priced Too High
One critical reason to find an experienced professional real estate investment
professional is to make sure the property is priced appropriately for a timely
and profitable sale. If the property is priced too high it will sit and
develop the identity of a problem property. If it's priced too low it could
cost you considerable profits. The real estate market has subtle nuances and
market changes that should be re-evaluated by your representaive every 10-14
days to help you maximize your return.
- Relying Solely on Traditional Methods To Sell Your Home
The real estate professional who is innovative and willing to offer new
strategies of attracting home buyers will always outperform those who rely on
traditional methods. Demand around the clock advertising exposure, innovative
lead generation methods and lead accountability. These services exist and
should be offered on your home sale.
- Market Timing/Seasonal Selling
Just as a broker who continually follows the trends of a stock, your real
estate professional continually follows trends of your home market. They will
know if the market cycle is poised to net you the most money. Avoid believing
that property sales are seasonal.. property is always selling.
- Refusing to Make Cosmetic Changes
The prospective home buyer's first impression is the most important. Hundreds
ordf thousands of home sales have been lost to unkempt lawns, cluttered rooms,
bad stains, unpleasant odors... all the seemingly little things. Imagine you
were the home buyer and clean your place from top to bottom... military style.
- Wasting Time With An Unqualified Prospect
Your representative's responsibility is to screen a prospect's qualifications
before valuable time is lost. Be sure to align yourself with the right
professional and eliminate negotiating with unqualified prospects.
- Don't Test The Market
Never put your property on line to sell unless you are serious. The right
professional will find you buyers and if you are harboring indecision... you
will blow the sale.
- Believing You are Powerless to Make a Difference
Be a part of the team! Take an active role with your real estate professional
to see what you can do to facilitate your sale. Networking with professional
peers and personal friends often results in the sale of a home. It's
surprising how many homes are sold this way.
- Believing All Realtors, Brokers & Others are the Same
With all the intricate details and critical decisions to be made concerning
your home sale, should you rely on anyone but an experienced real estate
investment professional? Many friends and family members have been estranged
as a result of failing to meet expectations. Your home sale is a time
consuming, effort related, difficult task. Maximize your profit by utilizing a
experienced real estate investment professional.