Wednesday, September 26, 2012

The Top 5 Mistakes Sellers Make


There are so many things that need to be done before listing your home for sale.  Unfortunately, many sellers are making the same costly mistakes.  Mistakes that could have saved them thousands if they had only known "what not to do".  Let's talk about the top five mistakes that cost sellers thousands.

1.  Do not put your home on the market before it is ready.  Make sure that the painting is done, the carpet has been replaced and everything is clean and organized.  If you show your home to potential buyers while you are in the middle of renovating, this will lower the perceived value of your home in the minds of your buyers

2.  Do not over improve your home versus the norm for your neighborhood - you will not recoup this money .  Do not spend money on something that you think your buyers will insist on.  Every buyer is different and has different wants and needs.  So you will only be throwing your money into the wind.

3.  Do not over price your home because of what you "need" to get for it - otherwise it will sit and then become an aged listing in the minds of your potential buyers.  Your market should always control the sale price.

4.  This one should probably be number one - don't get emotionally involved in the sale of your home.  Most sellers have lived in their homes for years and have become quite attached.  What you like about the home is not necessarily what your buyers will like about it.  So don't get offended if your buyer wants to change something or says something negative about your home.  Once you sell it - it is not your home anymore.  Think about your new home and all of the potential it has to offer.

5.  Don't try to cover up or hide the homes problems.  Most states have and require a property disclosure form.  You must disclose the homes problems to your potential buyers.  If you don't, that does not mean that you cannot be sued for it later on down the line when that problem surfaces for the new owner.

Before listing your home, talk to your realtor about the pitfalls that can occur when selling your home.  Your realtor will be able to guide you effortlessly through the entire home selling process and help you to avoid any costly mistakes.  So take advantage of your realtors years of knowledge and the next thing you know you will be moved and enjoying your new home!

I specialize in helping buyers and sellers invest in real estate in Loudoun County and Northern Virginia. 
I have over 25 years experience in the real estate industry.  As a Broker/Owner with Exit Realty Talbot and Company, I bring special tools and solutions that enable me to exceed the expectations of my clientele.  If you are considering listing your property in Loudoun County or the nearby areas, ask me about our latest internet marketing systems.  I would appreciate the opportunity to earn your business.  I am experienced in listing and selling short sales.  For information on the short sale process, please visit  www.LoudounShortSaleSolutions.com.
My past awards and designations include – 2003 President of the Dulles Association of Realtors, 2003 Dulles Area Assoc Realtor of the Year, Salesperson of the year 2000 Dulles Area Assoc of Realtors,  Top Producer awards from both the Dulles Area Association and the Northern Virginia Association of Realtors.  I am a member of the Top 5 in Real Estate Network.
I have lived in Loudoun County since 1979.  I am married with two grown children and two grandchildren.  My son in law is my business partner in real estate.  I love to jog in the mornings and spend time relaxing on my Trawler during the summer months.
Loudoun County and Northern Virginia Real Estate Sales and Solutions – Helena Talbot, Broker. I specialize in helping buyers and sellers invest in real estate in the Northern Virginia area to include Loudoun County and surrounding areas including Fairfax, Clarke, Fauquier, Prince William  Counties.  Our local neighborhoods include Leesburg, Ashburn, Sterling, Potomac Falls, Brambleton, Broadlands, Lansdowne, River Creek, Belmont Country Club, Beacon Hill, Shenstone, Waterford, Lovettsville, Purcellville, Hamilton, Round Hill and Bluemont.                        Cell 703.727.9885    Office 703.574.3800

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