6 Mistakes to Avoid When Selling your Waterfront Condo in Key Biscayne
Once you decide to put your home on the market it is now time to start thinking as a business person rather than a home owner. This may not be an easy feat especially if you’ve been happily living in your waterfront condo in Key Biscayne for a number of years. Taking the emotion out of the equation can help you avoid making serious, costly mistakes.
Here are some mistakes to watch out for:
1. Not hiring the right agent. If you’ve never pulled off a sale of your own home before, it is ill advised that you do so now. Better let the professionals take the reins. An experienced real estate agent can help you set a competitive price that can lead to a quick sale, help you negotiate smartly and can guide you through the whole process. Choose someone with a vast local market knowledge and credible sales experience. As you might be sharing some really personal information with your agent, it would also be helpful if he or she is someone whom you are really comfortable with.
2. Skipping a home inspection. Don’t forego a pre-listing inspection, no matter how well-maintained your waterfront condo in Key Biscayne might be. One advantage of having a home inspection is it gives you an upfront knowledge of the current condition of your home and alert you to any immediate concerns that need to be addressed. It also gives you confidence and greater negotiating leverage.
3. Setting an unrealistic price. Your home is only worth its market value, no matter what’s in it or how much your mortgage is. Overpriced homes generally do not sell. If you overprice your home, you are likely to drop the price several times and end up selling for less than you would have if you price it right the first time.
4. Getting too emotionally involved. Emotions and sentimental value tend to get in the way of a successful sale. Why? Because they make homeowners take things personally. It’s hard to take negative comments and criticisms about a home you hold dear to your heart. So if you want a smooth, successful sale, put aside any emotional entanglements and treat the sale just like any other business deal.
5. Not preparing your home. Creating a positive first impression to potential buyers is very critical to the success of your sale. That’s why failing to prepare your home puts you in a serious disadvantage. As buyers are getting more and more perceptive and highly critical, a little cosmetic improvement here and there can do wonders.
6. Not having a contingency plan. After the sale, what? Do you already have a new place to move into? Where do you plan to put the proceeds of your sale? Failure to plan ahead can be one of the biggest mistakes you’ll make as a seller.
A successful sale starts with the right preparation. In avoiding the mistakes listed above, you’ll have bigger chances of having a smooth transaction and gaining the best deal for your home. You can check out other Key Colony Key Biscayne beachfront condos in this site, www.MiamiRivieraHomes.com.
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