How To Avoid Today’s Top Seller Mistakes in Colorado Springs, CO

By Elizabeth Alexander, SpringsHomePROS.com

Want to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too? The biggest missteps are pricing a house too high, skipping repairs, not being objective, and not being willing to negotiate. And the best way to avoid falling into any of these traps is to partner with a trusted real estate agent who knows exactly what to do. Let’s connect so you have someone to lean on for advice.

1.  Pricing Your House Too High

Mistake: If sellers price their home too high in order to get the most money our of their property it may turn buyers away and the home.  In Colorado Springs when homes sit on the market to long it will eventually lead to price reduction and less money to the seller.

How an Agent Help Avoiding Price Reductions:  Your agent will conduct a Home Value Report to help determine a competitive price for your home based on recent sales of similar properties in your neighborhood.  Putting the home on the market at the right price will attract more buyers with the goal of selling more quickly.

2.  Skipping Necessary Repairs

Mistake: When you don't make select repairs, buyers may skip your home as they have a number of homes to select from and may choose to make an offer on better-maintained  properties.  In Colorado Springs where many sellers prepare their home for sale to shine, skipping repairs can often make the property less attractive and reduce the appeal of the property.

How an Agent Can Help: An Agent knows what buyers are looking for and can help you prepare the home for market to prevent potential deal-breakers during inspection and appraisal time.

3. Not Being Objective

Mistake: It's easy to get emotional, especially if you get a low ball offer.  You have lots of memories of being in the home and it may cloud your judgement. This can  happen in Colorado Springs where buyers may negotiate hard on price knowing homes are sitting on the market for longer periods of time.

How An Agent Can Help:  Your real estate agent can help bring an objective perspective to the table to help you find a middle ground to meet your financial goals.

4.  Being Unwilling to Negotiate

Mistake: Buyers have more negotiation power today. If you are not willing to work with the buyer on price, terms and repairs, yo risk losing potential buyers. This is especially true in Colorado Springs as inventory grows and homes sit on the market.

How An Agents Can Help: An agent can help with back and forth negotiations and offer advice on what is a reasonable offer.  The agent will help with counteroffers to help you get the best price while still appealing to buyers.

If you are thinking of selling  your home, let's connect to develop a strategy to get your home sold.

Call Elizabeth Alexander at (719) 337-7611 to get an estimate of your home value or click "HERE".

To tour your future home click "HERE".