Kemp Real Estate, Inc.
Serving Pasco County since 1980
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1) Being Oblivious of Your Rights & Responsibilities

It is of the utmost importance that you stay well informed of the details of your real estate contract. Real estate contracts can often be very complex and confusing, and they are legally binding documents. It is important that you know what you are responsible for before signing the contract. Not being familiar with your contract could cost you hundreds, or even thousands of dollars on repairs and/or inspections.

2) Asking The Wrong Price For Your Property

It is critical the right price is placed on the property. Anybody selling a product obviously desires to get the most money possible for that product. Placing an excessively high price on a property often proves to be counteractive to this cause. Before you set your price you should go over all the area sales and comparables in that area. Have your agent prepare this for you and get a copy to look over yourself. A high listing price will often cause prospective buyers to anticipate more than what you have to offer, or even cause them to lose interest before they even view your property. As a result, overpriced properties have a tendency to take an unusual amount of time to sell, and they end up being sold at a lower price.

3) Only Using One Method Of Marketing/Advertising

There are many ways to market and advertise your property these days such as Open Houses, Classified Ads, Home Magazines, Real Estate Websites, Flyers, etc. Your realtor should employ a wide variety of marketing techniques. You also want to select a realtor that is going to be committed to selling your property; they should be readily available for every phone call from a perspective buyer. Most contacts are made during business hours so verify that they will be trying to sell your home during these hours.


4) Trying To Sell To Window Shoppers

It is important to be able to distinguish realistic potential buyers from mere window shoppers. Often times people who do not come through a realtor are several months away from buying, and are more interested in browsing the market than actually making a purchase. Many times they are not prepared to make a purchase because they have not sold their home yet, are not financially prepared, or they may even be unsure as to whether they want to relocate or not. Typically, a real estate agent should investigate a potential buyer’s credit rating, savings, and purchasing power. This will help keep you from wasting your time marketing towards the wrong people.


5) Not Preparing Your Home For Sale

The home needs to be made as presentable and as pleasant as possible when attempting to sell to prospective buyers. Be sure to make any necessary repairs and clean up inside and out. A dirty or cluttered home in need of repairs will turn away some buyers and lower the value of the home for others. The first impression is important. Most buyers decide they do not like the house within the first minute of their entrance.  To be considered for their "Short List" you must make a good first impression.

Check out our Sellers Checklist.

6) “Present” While Showing

Buying and selling a home can be an emotional and difficult decision, so it is not normally a good idea to be present when prospective buyers are viewing your property. If you must be present when they look, give them and their agent space to ask questions and make comments about your home.  Be friendly and polite, but don't hover. Go to another area of the home while they look, so they feel comfortable. 


7) Choosing The Wrong Real Estate Agent

Experienced real estate agents often cost as much as brand new agents. There is a greater probability the experienced agent may be able to fetch you a little higher price for your home, in less time with fewer hassles. It is important to take your time when selecting a real estate agent. Be sure to interview several agents. Selling your home can be one of the most important financial transaction that you will ever make.

8) Not Working With Your Real Estate Agent

 

Remember that you and your Real Estate Agent both have the same goal - to sell your home as quickly as possible at the best possible price.  Think of them as your team mate and feel free to discuss any questions or suggestions you have with them, but respect their knowledge of the Real Estate Market in your area. If your home doesn't sell as quickly as you anticipated, meet with them and ask why, but be prepared to make accept changes needed to speed up the process. Remember, they don't make money until your home sells, so they are as anxious as you are to close the deal!




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