Here are 5 pitfulls to avoid when selling your own home.
1) Do not overprice your home
Of course every seller naturally wants to get top dollar for his or her home. One typical mistake that causes sellers to get less than they hope for is pricing the home above the current market value. Listings reach the largest number of potential buyers shortly after they hit the Multiple Listings. A recent Realtor.com statistic shows that a home priced at market value will reach 60% of potential buyers.
When you go above market value by 10% you are only reaching 30% of potential buyers, and the number of potential buyers plummets to 10% when it is priced 15% above market price. If a property is dismissed as being overpriced early on, it can result in later…