Selling your home can be an exciting change – once you’re done – but it can also be very stressful along the way. From packing your things to showing your house to actually getting the sale done, there are a ton of things on the to-do list, which also means there are a ton of things that can go wrong.
It’s good to be prepared before you even start the process, which is why we have a list of the most common issues home sellers run into in Norman, Oklahoma.
Don’t Try to Conceal Your House’s Issues
If your house has any problems – leaks, mold, electrical flaws – it’s truly not worth it to try to hide them in the hopes that the buyer doesn’t notice them. Almost all home sales include a thorough inspection which will most likely uncover anything you attempt to keep secret. Many homes in Norman, especially closer to campus, have been around for a long time, meaning they tend to have more wear-and-tear issues. It’s a good idea to make sure your home is ready for sale.
If you don’t have the time or budget to fix the problems before putting your home on the market, there is an easy solution in the form of lowering the asking price to account for any necessary repairs the next homeowner will have to make.
Thorough Research Before Setting Your Price
One of the most common mistakes the average person makes when selling their home is not doing enough research before setting the price. Setting it too high causes headaches when you’re just not getting enough prospective buyers, but obviously, setting it too low isn’t what you want either, as no one wants to lose money. If you’re getting a lot of offers, chances are you’ve set the price too low (or you have an amazing property). This isn’t always a bad thing, as you can sell the house for more if you have multiple buyers outbidding each other.
Especially in a city like Norman, where homes are always fluctuating in price because of the number of rentals, it’s crucial to know your market before deciding on a selling price.
Know Your Limits
If you’re a first-time home seller with limited experience in real estate, it’s a good idea to consult a professional, such as an agent. While agents will take some of the sale cost for commission, they alleviate the stress in a number of key ways, including their knowledge of the proper aforementioned price.
Not only that, but if any new problems show up during the process, an agent can help you take care of them, as well as handling all of the paperwork, which is often a headache. However, if you’re a more experienced home seller, you may not need one. It’s all up to you.
If you don’t hire an agent, it can be a good idea to at least hire a real estate attorney, who can help with some of that pesky paperwork.
Pick the Right Season
While people always need homes, there are certain times when it’s just going to be easier to sell your house. Especially in Norman, where college students are constantly renting and moving in and out, but also in most American cities, the winter is not a good time to sell your home. Typically, people are traveling frequently during the colder months closer to the holidays, and once the holidays are over, they’re not looking to pack and move right at the start of the new year.
The best time to sell is the late spring and early summer, when kids are getting out of school and families have more time and space to spend looking at potential new homes.
Dress It Up
Odds are, your home is not ready for people to see it, even on its cleaner days. Everyone has a lot of small stuff which adds up to homes looking cluttered and appealing to an outsider. An agent can help with this, as sometimes they themselves have knowledge of staging techniques, or they might know a home staging company who can give you a discount.
If you decide not to go with an agent or staging company, be sure to do some research and look up staging advice and techniques so you can do it yourself. Aside from putting things in place, be sure to dust, vacuum, and mop so you can show your prospective buyers a spotless property!
Whether you’re selling your home right now or thinking about doing so within the next few months or even years, don’t hesitate to give us a call at (405) 310-2796. We can help get you on the right track and make your home selling process as smooth as possible.