Are you thinking about selling your house in Baltimore? If so, you’ll want to watch out for these mistakes homeowners often make when selling their houses in Baltimore!
Have you sold a house in the past? If so, you might recognize some of the common mistakes outlined below. We work with sellers quite often who wish they would have done things differently from the start. Keep reading to learn more about some of the most common mistakes that homeowners make when selling a house in Baltimore. Plus what you can do to avoid them!
1. Pricing your Home Incorrectly
When you need to sell a house in Baltimore, one of the most important things you can do is price it right from the very beginning. Many homeowners have an inflated view of what their house is actually worth, causing them to set their listing price too high right out of the gate. Because of this, they will be forced to lower the price which also lowers a potential buyer’s perceived value of the home. When a price is reduced over and over again, people will assume that there is something wrong with the home. And don’t forget… the longer the house is listed on the market, the lower it is going to drop in the search results.
2. Not Knowing All your Selling Options
Many people believe that in order to successfully sell their house, a Baltimore real estate agent will need to be involved. However, this is not always the case. For some homeowners, selling directly to a buyer such as Maryland Home Buyers will end up saving them time and money in the long run. When a house needs work or needs to be sold in a limited amount of time, a direct sale will often be their best choice. Without making repairs, paying commissions, or waiting to close, you will be able to save both time and money on the sale of your Baltimore house.
3. Paying Too Much to Sell
Selling a house in Baltimore will inevitably come with some costs when hiring an agent. There are typically repairs, upgrades, professional cleaning, and staging that will need to be done before the house is even listed by an agent. These expenses are out of pocket, without any guarantee of a return. Be careful not to spend too much money making repairs on a house you don’t want. When you sell your house directly to Maryland Home Buyers, there are zero costs to you, before or after the sale. This means that you will able to avoid all cleaning and repair costs, in addition to real estate agent commissions and fees.
4. Not Understanding your Buyers
When you decide it’s time to sell your house, you need to have a good idea of who you’re selling to. Who is buying in the area? Are their more families? Students? Rentals? Retirees? While a sale is a sale, by knowing which demographics are the most prominent in your area, you will be able to increase your odds of finding a buyer faster. If you own a house that needs a little work or isn’t competitive with others on the MLS, working with a local investor will likely be the best way for you to sell. Investors such as Maryland Home Buyers love the opportunity to purchase fixer-upper houses that we are able to restore to their old glory. We always make fair offers regardless of why you are selling your house in the Baltimore area!
5. Not Staging the House Properly
When you list your house on the MLS in Baltimore, you’ll need to get it ready for the people coming to see it. A good rule of thumb is to remove all personal items so people viewing your home don’t feel as if they are intruding. All clutter should be removed as well as clunky furniture or pieces that don’t serve a purpose.
Many homeowners avoid staging or simply shove all their personal stuff into a closet and call it a day. The trouble with this is that people are going to look in your closet! To properly stage a house, you may want to consider getting rid of pieces that you’ve been holding on to for far too long, or storing these items off-site.
On the other hand, you will want to avoid showing a house that is completely empty. With the proper staging, you will be able to highlight the property’s potential without distracting from the home itself.
To avoid the costs of staging, cleaning, and storage, consider selling your Baltimore house directly to Maryland Home Buyers. We are a local company and we buy local properties as-is, without any repairs or upgrades required. You won’t even have to clean up!
Selling your house in Baltimore is likely one of the largest financial decisions you will make. By knowing what to watch out for, what to avoid, and what to pursue, you’ll be able to choose the best selling method possible for your house in Baltimore or the surrounding area.