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

When most people picture their dream home, they imagine what the house would look like. But in many cases it is the neighborhood that makes or breaks the home. The ideal house that is too far from work, in the wrong school district, in a high crime area or with other problems is just a nice house in a bad place. To avoid finding that great house in the wrong place, it is often best to choose the right neighborhood(s) before even looking at specific homes. Here are some considerations that a potential home buyer can use to determine which neighborhood is the right one to meet his or her specific needs.

Solicit Advice

One way to quickly find neighborhoods to consider or to avoid is to ask people living in the area for recommendations. If the home

There are a number of good reasons to own a home but one of the most commonly overlooked is the tax advantages. The federal tax code provides a lot of breaks for a homeowner that will help to reduce the homeowner’s tax bill and work to defray the cost of buying a home. Here is a look at some of the ways that owning a home can help a homeowner to reduce his or her tax obligation.

Mortgage Interest

Most people who buy a home will do so using a mortgage. Part of the monthly mortgage payment that a homeowner makes will go toward interest on the mortgage loan. This amount of the payment is tax deductible in the year that the payment is made. In the early years of the mortgage a significant portion of the monthly payment will go toward interest creating a

Many people think Brevard County is just the place where they launched the space shuttle. However, there is amazing real estate that is well worth looking into. There is 230 miles of beautiful coastline, which makes it a very desirable place to live. The area is fairly conservative which makes it a nice part of the world to raise a family, or retire.

You can still find that perfect property, as there are still a lot of good bargains to be had when you invest in Brevard County Real Estate. There was a lot of news about Brevard County being one of the best places to live in 2003. Consequently, there were a lot of new housing projects built at the time and there is still surplus. This means that you can own a high end home but not have to invest a lot of

If you live in a neighborhood where your neighbors have been there for years and there is little or no bank involvement in the neighborhood, then your home is easier to sell in a foreclosure market. However, if your neighborhood is composed of bank owned homes, or short sale listings, then the sale of your home requires a great deal of patience.

While not impossible, just be aware that you may have longer days on the market than average. Before the real estate balloon of the 2000s, an appraiser would disregard any homes in the neighborhood that were being sold under the market value. Unfortunately, today’s market is different! Appraisers take into condition all properties that have sold in order to determine market value in a neighborhood.

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