Need to sell a house in Baltimore City? It can be very complicated and frustrating. There are lots of factors to consider and things to keep in mind before the final closing papers can be signed. Without the right information and preparation, it is very likely that mistakes can be made which may end up costing you thousands of dollars in potential profits.
That is why it is vital to have an experienced and skilled realtor helping you throughout the process and making sure that everything necessary to the success of the sale is handled correctly. At Your Home Sold Guaranteed Realty - Vinny Steo, our team of expert realtors is available to walk you through the process and ensure you get the highest possible price for your home in Baltimore City.
Below you will find the top 5 worst mistakes that home sellers commonly make which could result in a serious loss in profits and an extended time on the real estate market. With our team, you can rest assured that you will not need to worry about any of these issues because we will make sure you avoid them and are prepared for each step of the process.
Improperly Budgeting
Although you are going to be selling your home and receiving a good deal of money through the transaction, you will still need to be aware of your own budget. There are costs that you will need to be prepared to pay. The first is the bulk of the closing costs in the real estate transaction. This includes commissions for your realtor and your home buyer’s realtor.
The next cost you may need to consider deals with renovations, upgrades, and home preparations before the sale. When you invest money into these types of projects before the sale, you can more easily ask for a higher selling price and expect to get it (or more).
Finally, you should also remember that selling your current home means you will likely be buying a new home as well. The expenses associated with packing and moving your belongings can be quite expensive.
Randomly Choosing a Realtor
It is important to keep in mind that you are hiring a realtor in the same manner that you would be hiring a plumber or electrician. You should consider all of your realtor options because not all realtors are the same. You need a realtor who will do everything it takes to achieve a fast and profitable sale, and you must choose the realtor whose strengths and skills align with your needs.
When you are looking for a realtor, be sure to interview multiple realtors before you make a decision to work with one specifically. We recommend that you interview at least three to five options and ask them the really tough questions. Find out about their experience, history in the area, marketing strategies, and track record, including selling speed, number of homes sold in the past 6 months, and average list-to-sale price ratio. Based on this information, you can make a well-informed decision.
Neglecting Your Home’s Appearance
When it comes to your home’s appearance, it is vital that it makes a great first impression. A common mistake that many home sellers make is selling their Baltimore City home as-is just to get it on the market faster. They avoid investing money on repairs and renovations, but this can actually be a major mistake.
Fortunately, you do not have to renovate the whole house, just the high-traffic areas like the kitchen, bathrooms, and living room. While the investment may be a bit high at first, it will be well-worth the money when you are able to list the home for a much higher asking price in the end.
You can also rest assured that you will stand out among all of the other available homes. Renovations are always a great selling point, especially with older homes, so be sure to thoroughly consider the option before you list your home. Remember, home buyers are also looking at new construction homes, so yours needs to be able to compete.
Opting for an Amateur Photographer
In order to properly sell a home, you need high-quality photos and videos. It is vital to remember that home buyers are browsing through hundreds of listings online, and you need to make sure that your home stands out compared to other listings. If you work with an amateur photographer, you cannot guarantee that you will get the media you need.
Very often, realtors have a go-to photographer that they frequently work with, and it is common for the realtor to actually cover the fees of the photographer through their commission. It is part of their marketing strategy. If you find your own photographer, be sure to examine their portfolio carefully to ensure that their work meets your expectations.
Getting Emotional During Negotiations
Finally, one last mistake that many home sellers must avoid is getting emotional during negotiations. If you get a lowball offer from home buyers, you need to know how to react in an unemotional way. In fact, you should actually expect a low offer and be prepared to counter that offer.
You can either accept the offer or stick firm to it. Home buyers are trying to find out if there is any wiggle room in your asking price, and this is your chance to give them a clear and concise answer. Remember, even if you don’t want to lower it, you can most certainly add some concessions to sweeten the deal in exchange for a price reduction.
Be sure you are evaluating and responding to each offer in an objective manner and not take any offer personally.
Our Team Will Sell a House in Baltimore City Fast and for Top Dollar
Are you ready to sell a house in Baltimore City and want to make sure you get the absolute best price? You need a clear and comprehensive marketing and pricing strategy in order to achieve that goal. That’s where our realtors at Your Home Sold Guaranteed Realty - Vinny Steo play a vital role.
Our real estate team has years of experience helping home sellers in Baltimore City get the most for their assets, and we have even developed one of the top selling speeds around. We are known for our selling speed and ability to get top dollar for homes. We can sell homes 2.8x faster than our competitors and get 3.1% more money!
With over 12,000 home buyers waiting to buy homes from us in Baltimore City, home sellers are sure to get the most for their houses. We always go the extra mile for our clients, and we even guarantee that your home sells through our home seller guarantees. This includes the Guaranteed Sale Program, which enables you to get your home sold in your preferred time frame. If we don’t, we will buy it ourselves.
If you are interested in learning more about our home selling process, our home seller guarantees, or the best way to get started on your real estate journey in Baltimore City, be sure to give us a call at 410-220-0016 or fill out the form on this page with the requested information. One of our expert realtors will send you a detailed response as soon as possible.
We look forward to hearing from you!
