10 Mistakes Home Sellers Can Avoid in Los Angeles
Ready to sell your house in Los Angeles? You will likely have many decisions to make along the way. Learn more about mistakes home sellers can avoid before selling their house in Los Angeles!
There are many things to consider when selling your house. Sellers often make the same mistakes, but there are ways to avoid them. The first step is knowing what they are!
#1 – Not Exploring Options
You don’t have to list your house in Los Angeles in order to sell it. You can choose to sell it yourself either on the market to traditional buyers or directly to an investor or professional property buyer. What works for one property seller may not work for you. Before you call an agent, take a look at what is available to you! Exploring options will ensure you get the optimal result.
#2 – Pricing It Incorrectly
If you choose to list your house, one of the biggest mistakes you can make is pricing it too high out of the gate. Many sellers have an over-inflated price in their head, trying to get as much as possible, without considering what will be a realistic price to sell for. Some agents will advise you to list high so they can convince you to sign with them, while they take a shot at scoring a higher commission.
#3 – Not Clearing Out Your Personal Items
Imagine if it were you viewing a property. You wouldn’t want to see someone’s vitamins on the table, family photos everywhere or their stack of mail on the counter. Seeing personal items strewn about can make people feel very uncomfortable. They need to be able to imagine themselves in the house, not feel as if they are intruding on someone’s space. Many people will pack up everything but the necessities and put it all in storage until the house has sold.
#4 – Not Considering All Costs
If you decide to list your Los Angles house, there are all sorts of costs to consider. Not only are there agent commissions, but also agent fees, administrative costs, marketing costs, listing fees, closing costs and more.
#5 – Not Making The Needed Repairs
Not doing some things up front will cost you down the road. Once your buyer does an inspection, they will often ask for a number of things to be fixed. You might be blindsided by the number of repairs your house needs. Some sellers choose to have their own inspection done before listing so they have an idea of what they are in for. Taking care of the problems up front will save you time and money down the road.
#6 – Not Disclosing Items Upfront
These items will come back to bite you. Either in the inspection or when the new owner sues you. By law, you have to disclose what you know about the property.
#7 – Not Putting Away Pet & Kid Stuff
While kids and pets are wonderful, not everyone has them. Some people will feel a little uncomfortable if there are chew toys on the couch or legos all over the floor. Remember, the experience is about them. Make the areas feel neutral but welcoming.
#8 – Not Putting Personal Feelings Aside
This is business. If someone comes to view your house and you hear them say they want to pull out the garden to add a deck, don’t get too hung up on it if they plan on paying you the price you want. While you might feel a little sad, this is business, and missing out on a qualified buyer because of something petty can be a huge mistake.
#9 – Hiring A Bad Agent
It can be easy to hire the wrong agent. Some are full of charm and are great at sales. This is great when they are trying to sell your house, but they also use this charm to get you to sign with them. Make sure they aren’t making false promises or are only worried about their commission. You can look at reviews, but it is best to hear first-hand experience from people you know and trust. You simply aren’t going to click with everyone either. You might find the top agent in town can be incredibly stressful to work with.
#10 – Not Having a Game Plan
Selling your home can be a stressful time, but it doesn’t need to be. Having a game plan will help you get through the process unscathed. Generally speaking, if your property is in very good shape and you can wait months to sell, listing with a realtor is the best plan. If, on the other hand, your property is distressed and you need to sell quickly, selling to an investor or professional home buyer is usually the best option.