Selling your New Orleans house through an agent? Make sure you read this blog post that reveals 4 mistakes you should avoid when listing when an agent in New Orleans…
If you’re looking to sell your New Orleans house, or if you’re an agent who is selling houses in New Orleans, then here are 4 mistakes you should avoid when listing when an agent in New Orleans…
First, Don’t Assume That You Can Sell Right Away
Depending on a number of factors, the market varies and can even shift day to day. Because of this, it’s important to ensure that you are setting realistic timelines about how long it will take to sell.
From fixing the house and showing it to buyers, to negotiating, to setting a closing date, and moving out, assume it will take months for the process to be completed. If you are an agent, take care not to over-promise on a timeline to your sellers – set their expectations.
Second, Don’t Assume That The Asking Price Will Be The Selling Price
The asking price establishes what a seller wants to sell for, and begins the sales process.
If you are selling, remember that the end selling price may differ than the original asking price. If you are an agent, be sure to explain this to your sellers.
Third, Don’t Assume All The Money Goes Right Into Your Pocket
There are those who mistakenly assume that the selling price (minus anything owed on mortgage) is pure profit. This is not true.
If you are a seller, understand that there will be agent commissions, closing costs, and other fees you’ll need to pay. If you are a real estate agent, be sure to explain this to your customers.
Fourth, Don’t Assume That The First Offer Will Go Through
Often, buyers make offers and afterwards find out that they can’t get financing for one reason or another.
If you are selling, prepare yourself for one or two buyers to fall through before an end buyer is found. If you are a real estate agent, explain this to your sellers so they can be prepared ahead of time if it should happen.
Summary
Whether you’re a property owner wanting to sell, or you’re a real estate agent who is representing sellers, these are 4 common mistakes that can happen during the sales process – so make sure you’re aware of them.