Common Selling Mistakes


Mistake #1 -- Placing the Wrong Price on Your Property
Every seller obviously wants to get the most money for his or her product. Ironically, the best way to do this is NOT to list your product at an excessively high price! A high listing price will cause some prospective buyers to lose interest before even seeing your property. Also, it may lead other buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price.

Mistake #2 -- Mistaking Re-finance Appraisals for the Market Value
Unfortunately, a re-finance appraisal may have been stated at an untruthfully high price. Often, lenders estimate the value of your property to be higher than it actually is in order to encourage re-financing. The market value of your home could actually be lower. Your best bet is to ask your realtor for the most recent information regarding property sales in your community. This will give you an up-to-date and factually accurate estimate of your property value.

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Common Selling Mistakes

There are some common errors that can be avoided when you are selling your home. I want to make sure you are well informed.


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Albert Banushi

Cell: 815.228.6769

Office: 815.942.2705
Fax: 815.942.8098

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Coldwell Banker Honig-Bell

1222 North Division
Morris, IL  60450
815-942-2705

 

Albert Banushi
815-228-6769

 

REALTOR, Equal Housing Opportunity

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