We buy houses in Tampa FL. During the final quarter of 2020, lured in by low mortgage rates, the US housing market began to recover with buyers staying in the market, pushing the prices higher and the market out of its slump given the serious hit from the initial stages of the Coronavirus pandemic. This trend is likely to continue into 2021 with various surveys predicting strong growth in home sales and home prices. In 2020, the median US house prices grew at a rate of 12.2%, with the median price being $350,000. With home prices forecasted to grow this year, some of you may be preparing to sell your home and generate a generous profit margin. In this posting, we will be discussing some common blunders you can dodge by the time you think “It’s time to sell my house Tampa“. Continue reading to find out how we at Your Trusted Home Buyer, can help you sell your home swiftly and easily across Florida!
- Over Pricing/ Underpricing
While a home holds emotional value while selling, it is necessary to view it strictly as an investment. Incorrectly pricing your house is often the most consequential mistake homeowners make while selling. Underpricing your home can give the perception that something is wrong with it and Overpricing it can turn buyers away and immediately kill interest in the property. Most buyers use real estate websites that provide the price ranges of all houses selling in the target area, and hence have a general understanding of what homes are selling for.
Solution: It is important to get a professional opinion on what your house is worth given all factors and considerations. Arrange for an appraisal or speak to a seasoned realtor who can provide a detailed comparative market analysis for your home.
- Terrible or no photos
More than 50% of buyers look for homes online first. And often they will only be looking at the first 3-5 photos on your listing. Accordingly, you must have wonderful photos of your home and order them correctly. You do not want bad photos to instantly create a negative perception in a buyer’s mind, they will skip your listing with no tolerance.
Solution: Having excellent photos or videos is a powerful marketing tool for your house. Your home needs to look inviting and create attraction to capitalize on the psychology of the buyer. Hire a professional to handle this for you and order them best to worst on your listing.
- Lack of preparation before the sale
Not staging, decluttering, and cleaning your home is requires plenty of time, effort, and money, if you fail to do this adequately, you end up draining more money in the long run! The costs of your home on the market continue to rack up, while you receive little to no attention for your home given the amount of clutter. It is easy to be complacent and avoid minor repairs like a broken doorknob, however, these small issues play on the mind of buyers and they may question if other issues are being hidden from them.
Solution: Yes, staging your home can be expensive and may require professional assistance. If you can afford it, however, there are plenty of ways to do this and still get great results. Have friends and family members investigate and point out their opinions on what is wrong and what needs to be fixed. A fresh pair of eyes can troublesome elements to which you may be immune. Clean and declutter the house thoroughly and make minor improvements wherever necessary. A fresh coat of paint can go a much longer way than you think!
Need to Sell your Home Fast?
If you need to sell your Tampa FL home fast and possibly cannot afford some of the expenditure that comes with traditional home selling, Your Trusted Home Buyer is your best choice for help. We are local professional home buyers and can help you sell your home in as little as one week, and you will not need to worry about any repairs or closing costs, we will take care of them. Bypass some of the hassles, we will make an all-cash offer on your home and make your life easy and simple! Contact us today to see how we can help you!