Wednesday, October 21, 2009

11 Deadly Listing Mistakes: #1

Selling your home can be an exhausting experience. Inconvenient phone calls, broker previews, endless showings, price adjustments and the possibilities of being stuck with two mortgages are real concerns. If you are not completely prepared you could end up losing hundreds, even thousands of dollars in profit.

The difference between a smooth, profitable transaction and a break even, unhappy experience is often a fine line. In the majority of cases, it comes down to the subtle know-how of your agent. By utilizing the knowledge of a competent, qualified real estate professional you'll ensure the quick profitable sale of your home.

This series is designed to arm you with the knowledge to avoid the 11 most common mistakes that cost sellers serious money. Here's number one:

1. Refusing to make profit inducing repairs:
It always costs you more money to sell "as is" than to make repairs that will increase the value of your home. Often even minor improvements will yield as much as three to five times the repair cost at the time of sale. Your agent will be able to point out what repairs will significantly increase the value of your home. Seemingly small fix-up jobs can have quite an impact.