Buying and selling property is one of the major transactions we make in life. Yet, most of us do not make these types of big transactions very often in our lives. Consequently, most people do not have much experience to draw on when making the important decisions involved in these large financial transactions.
In an area where mistakes can be very costly, unfortunately, there are many mistakes made. Here are 4 of the most common mistakes made when selling a home in Pittsburgh and how to avoid them.
1. Setting The Wrong Selling Price
Choosing the right price to list your home can be very complicated. Real estate market conditions, interest rates, and more can make this a challenge. If you make a mistake and price the house too high, it can set on the market way too long. This can mean more bills and perhaps even foreclosure in some cases. If you price too low, you will miss out on the profit others with comparable homes are making. There is no one-size-fits-all formula. To help you make good choices on what is best for your situation when you work with a professional buyer like those at 717 Home Buyers, they will provide you with the details on how much you’ll profit from all of your selling options.
2. Inspections, Inspections, Inspections
Many sellers assume their home is in good enough shape to pass an inspection by the buyer. However, unless you are selling a relatively new home, a pre-inspection is very wise. This will take any surprises such as a radon problem, which is common in PA, out of the mix. Without a pre-inspection, it is likely that after you wait for a buyer to come, you can end of losing them because their mortgage inspection reveals problems that require lengthy and expensive repairs. You lose time and money in this frequent situation.
If you work with a professional home buyer like 717 Home Buyers in Pittsburgh, there is no pre-inspection or final inspection needed. 717 Home Buyers will make you an as-is offer on your house. No inspection, no repairs.
3. Under Or Over Prepping
Without much experience home sellers often make one of two mistakes. One mistake is under preparing their property trying to save time or money. Cosmetic changes such as paint or new carpet can really help a house sell more quickly, yet these are often neglected. On the other hand, some sellers over spend remodeling kitchens or bathrooms and never see a good return on that investment in the final sale of the home.
A professional home buyer offering a direct sale is not very concerned about the prep work. A company like 717 Home Buyers does not require prep work or even clean up. They will make you an offer for your home and do the work for you.
4. Emotions That Cause Bad Decisions
Often a homeowner feels a home has a lot of value and to them it does. The home takes on the value of the memories and events that happened there over the years. Yet for the new buyers, that value does not exist. This can cause the seller to feel hurt and angry at low offers because they are confident the property is worth more. We caution you to separate the sentimental value you feel from the actual market value of the home. At 717 Home Buyers, a reasonable market-driven offer is given. We help you compare that with other selling options and then back off and give you time to decide what seems right for you.
Don’t make the mistakes home sellers often make in Pittsburgh; let the honest professionals at 717 Home Buyers help you make the best choice for your situation instead. Contact 717 Home Buyers at 717-639-2164.
About Josh Eberly
A native of Lancaster County, Josh’s roots run deep in his commitment to this community. He especially enjoys helping people find solutions through real estate. Josh is a seasoned investor with experience in many sides of buying and investing in real estate. Josh enjoys reading, listening to podcasts, digital marketing, and hanging out with his family. Feel free to connect with him here.