Deciding to sell your home is never easy or a decision you never thought you would be making. Whether you are upgrading to a larger home or going through a divorce, you want to learn about the selling process.
Taking the time to learn which selling options you can choose from and mistakes to avoid will save you time and money. Before you call a we buy houses for cash Omaha company, check out these three mistakes that first-time home sellers should avoid making.
Not considering all your selling options
One common mistake first-time home sellers make is not learning about the different ways to sell your home. People assume that the only way to sell your house is by hiring a real estate agent. However, there are different selling options like putting it up For Sale By Owner or selling it for cash to a company that buys houses.
For Sale By Owner (FSBO) means that you sell your house without a real estate agent or broker. The process is fairly similar to selling it with a real estate agent. However, you must complete everything yourself, like listing the property, marketing it and negotiating with buyers.
Another selling option is to sell your home for cash to a company that buys houses, also known as we buy houses for cash Omaha sellers. These companies buy your house no matter its condition and give you cash for it. The process is easy - all it requires is to schedule a home showing, and then they will give you a cash offer. You do not have to pay closing costs or hidden fees.
Pricing your home wrong
Although you might think your home is worth a lot, the market might not always agree. First-time home sellers make the mistake of pricing their homes wrong. You want to pick a fair price that homebuyers will find attractive enough to make an offer.
First-time home sellers make the mistake of pricing their home using Zillow’s Zestimates. This estimate should not be treated like an appraisal. Pricing your home too high will cause it to sit on the market, and this is the last thing you want to do if you are trying to sell fast.
Not calculating the selling expenses
Selling a home consumes not only your time and energy but also your wallet. First-time home buyers often overestimate how expensive selling a home can really be. They believe that selling a house costs less than buying.
Bankrate estimates that selling a home, the traditional route, can consume up to 10 percent of the sale price of a home. This means that you will get less money in your pocket at the end of the day. Some of the hidden costs of selling a home include:
Real estate agent commission fees
Seller closing costs
Sell your home to a we buy houses for cash Omaha company!
At Best Price Homebuyers, we buy houses for cash no matter the property’s condition. Our team has been helping homeowners sell their homes without any hassle and closing in as little as seven days. Contact us to schedule a house showing.