Roadblocks are never something you want to encounter, whether within real estate or not. In a perfect world when it comes to selling your home, the process would run smoothly, you’d receive a full price offer, and sail through the selling process without so much as a hiccup, however, when selling real estate there are quite a few common roadblocks that often pop up during the selling process.
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While the best-case scenario for many sellers is to sell in a seller’s market in hopes to receive the most profit for their sale, a common roadblock you may face is that the market doesn’t always align with your buying or selling needs. Luckily, even if you’re selling in a buyer’s market, with the right agent and proper marketing, you can often still have a profitable sale, thus conquering this common roadblock. With the markets still favoring seller’s you may notice that you don’t run into this problem as much as in past years.
Inaccurately pricing your home is the single biggest roadblock you’ll face as pricing too high or too low both have their own consequences that can affect your sale. There are dozens of different components to consider when pricing your home, from location, house size, lot size, overall condition of the property, comparable and nearby home sales, school districts, proximity to amenities, etc. all of which should be considered when deciding on an accurate list price for your home.
Related: Dangers of Over or Underpricing Your Home
Often the scariest and most nerve-racking roadblock is home inspections. Regardless of how confident you are in your home’s cleanliness, structure, or the overall condition of your property, inspections are created to try and find each flaw in your home, from small repairs that may be needed to more extreme problems such as plumbing, electrical, structural, etc. With such big-ticket items being inspected, it’s only natural to be nervous, which is why many sellers take a huge sigh of relief once this phase of the selling process is complete.
No matter how much you think you’ve prepared yourself to sell your home, chances are emotions are still at an all-time high. Separating the memories from the space is not easy to do and often sellers have a hard time letting the sentimental attachments go. Letting go of the sentimental attachment to a home, while not the most detrimental roadblock you’ll face, is the most emotional and unfortunately the hardest to avoid as well as conquer.
If you’re currently searching for a new home, are ready to sell your home and need a qualified seller’s agent to assist you, or if you have any further questions regarding New York Real Estate or the Village of Medina, please feel free to contact our office at any time.