Top 5 Mistakes Owners Make When Selling House in New York

Avoid these common mistakes while selling a house in New York.

New York has been one of the thriving real estate markets in the USA for decades. The Big Apple witnesses the swarm of people looking for a job and better living standards. That’s why the city has the largest percentage of renters in the country. Given the booming real estate of the city, it can be easier to sell your home in New York. However, we can’t sideline the competition. No wonder why many homes sit on the market for long despite the booming real estate market.

To get your home sold quickly in NY, it is important to avoid the common mistakes to win the half battle. Avoiding traps like incorrect pricing, inappropriate home staging, and wrong realtors can help you sell your home as quickly as possible.

Here we have listed some of them…

1. Setting an Incorrect Price:

Do you know how to price your home? Most homeowners in NY price their homes too high or too low. While higher prices may turn off the buyer, lower prices may lead you to losses. On top of that, lowering your prices over time makes people doubt that there is something wrong with your property. Keep in mind that the longer the house is listed, the lower it is sinking to the bottom in the search results. Therefore, make sure to price your property right from the very beginning.

Here’s How…

1. Look at every similar property that’s been listed in your neighborhood as your house over the last three months.
2. Consider the conditions and remodeling requirements of your home.
3. Or it is better to hire an appraiser to determine the right price for your home.

2. Not Taking Home Staging Seriously:

Stained walls, old rugs, piles of books scattered here and there, foul smell, and messy furniture placement—well, these are some easy ideas to repel your potential homebuyer. If you want to impress the buyer from the beginning, perform home staging in three parts – decluttering, depersonalization, and re-modeling. You need to have your home cleaned and vacuumed.

Then, consider removing family photographs, trophies, and paintings to depersonalize it as a buyer will view it from another angle. Repair or replace your tiles, faucets, and doors. A few splashes of paint will make your living space attractive to buyers. To enhance your home’s appeal, consider furniture rental as an option for modernizing and styling the space. This can make a significant difference by creating a welcoming and visually appealing environment that resonates with potential buyers.

3. Not being Honest to Your Buyers:

One of the ghastly mistakes some sellers make is that they hide the “imperfections” from potential buyers. Or you can say that they are dishonest with potential buyers. However, you should disclose all existing and potential defects in your home to prospective buyers. It will keep you out of trouble with lawsuits and other legal hassles in the future. Maybe your honesty can impress the buyer.

Think about it from your buyer’s viewpoint.

How would you feel when you came to know that you got the house with potential problems?

4. Working with the Wrong Realtor:

Working with the wrong realtor can be a big mistake and cost you thousands of dollars. If you are selling a home in New York, you should be careful while choosing a realtor. How to tell if a realtor is genuine or not?

Make sure they have an online presence. Secondly, they should be available for communication. Besides, they should be experienced. It is better if you interview some agents to pick the right one.

5. Limited Showings:

Once your home is listed, cooperate with your agents when it comes to showing it. It may sometimes require you to cancel your dinnertime or vacation for several hours for a showing or a weekend open house. Your aim should be to accommodate as many buyers as possible, no matter if you have to give up your favorite activities. While such interruptions to your weekend planning may feel disturbing, just keep your goal in mind to sell your home quickly.

Final Thoughts

Selling a home can be challenging in NY, but it doesn’t have to be as tough as rocket science. A homeowner who overcomes these common home selling mistakes can sell their home as quickly as possible, and that’s too on good prices. Let us help you avoid these common home selling mistakes in New York! Contact us today to learn more!

We can help you avoid these common home selling mistakes in New York! Contact us today to learn more!

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