Whether you’re buying or selling a house in Shreveport, it’s important to have the help of an experienced REALTOR® to guide you through the process. The reality is that real estate can be difficult to navigate on your own, and many sellers and buyers find themselves in a rut when they try to go about it themselves. Here are the top five mistakes buyers and sellers make when they don’t seek the help of a real estate agent.
Sellers: Mispricing Your Home
One of the most obvious mistakes people make when trying to sell a house all on their own is mispricing the property. Often, homeowners assume they can just look up their home value online and compare it to a few other real estate listings in order to determine their asking price. However, there’s much more to home selling than meets the eye, and knowing your market is critical in putting a price tag on your home. Underpricing your home can leave you cheated, and overpricing your home can lead to it sitting on the market longer, usually resulting in a lower price negotiation.
Buyers: Not Getting A Home Inspection
Before you make an offer on a home for sale, it’s important to arrange for a home inspection so you’re aware of any issues with the property. All too often, home buyers think they’re getting a great deal on a home for sale, only to find out a year or two later that there is cracked foundation or a major plumbing problem. A REALTOR® will ensure that the house is in good shape before you make an offer, and they’ll be able to steer you clear of homes for sale with major red flags.
Sellers: Not Doing Basic Repairs
When you list property for sale, you should always put your best foot forward. However, it is not uncommon for inexperienced sellers to overlook necessary repairs, renovations, and cleaning tasks before they list a home for sale. Cosmetic things like chipped paint and overgrown landscaping can significantly reduce your home’s curb appeal, and obvious home damage is a major turnoff to potential buyers. When you decide to sell your home, take the time to do necessary repairs and renovations, and don’t forget to clean the house from top to bottom before hosting an open house.
Buyers: Settling For The First Home
If you’re looking to buy a house, it’s important to have an open mind when looking at real estate for sale. Sure, there are lots of beautiful homes for sale in Shreveport, but the odds of the first house you see being your forever home are slim. Take your time and have at least five different properties on your list to check out before making an offer; this way, you’ll have a better idea of the kinds of houses for sale in your area and whether or not they fit your needs and budget.
Sellers: Selling An Empty House
Sometimes, people get away with selling a house that is stripped of everything, such as the curtains and appliances. However, this may decrease your chances of selling your house quickly and for the right asking price, as empty homes can be unappealing to potential buyers. If you’re looking to get the most for your home sale, stage some furniture in an attractive way that allows potential buyers to envision themselves living in your home. Be sure to explain what’s included in the home sale, though — you don’t want to give buyers the impression that they’re about to make an offer on a home with nice, new appliances when you plan on taking them with you.
Hire A Local REALTOR® In Shreveport
Now that you know some of the most common mistakes buyers and sellers make when they don’t hire a REALTOR®, hopefully you won’t encounter the same pitfalls when it’s time to buy or sell a house. If you’re looking for the best REALTOR® in Shreveport, I can help! Contact Laura Dean Real Estate today for a free consultation.