How to Prevent Losing Money When Selling Your House

Selling your home for the first time is not easy; the lack of experience and stress can make you lose money in the process. Follow these tips to prevent losing money when selling your house.

Sell Smartly In A Down Market

If you can wait for the market to pick up, that’s great. Otherwise, don’t let it stop you from moving and selling. Although a down market will get you lower offers, if you move and keep your house waiting for the sale to happen, you’ll have double utilities, taxes, and other expenses to pay for.

Have Realistic Expectations For The Price

Make sure your price is competitive. A great strategy to implement in your listings is to add a sale price. Have an original price and then a sale price or current price.

Also, always consider listing prices a little higher than what you need to get, to have enough room to negotiate.

Stage Your Home

Prepare your home by staging it before taking photos and listing it. Declutter spaces, clean, and make everything look tidy. A good first impression is essential. The same goes for showings; make sure everything is clean for each house showing.

Make Minor Repairs

Make minor or essential repairs to make the spaces look better and functional, like small cracks, leaking faucets, paint dirty walls, etc. However, don’t get too into remodeling. The buyers will most likely arrange the spaces to their desires and needs.

Get Help To Sell

Whether you sell on your own or not, ask for help from people that have gone through the experience. Trying to do everything on your own can lead you to make mistakes and lose money.

If you decide to sell with the help of a real estate agent, ask right away what their commission percentage is and what things they cover. You want to make sure they don’t have hidden fees.

Sell With a Home Buyer

Last but not least, an easy and fast way to sell is through a home buyer. A home buyer doesn’t charge commissions or fees, or ask you to make repairs to your home. They buy houses as they are.

At KC Property Connection, we are ready to buy your home, no matter its condition, you can save money when selling to us.

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