Selling your Knoxville home can be a trying experience. With the stress of selling your home and planning for a move, it can be difficult to not get emotional about the whole process. Still, it is important to keep your emotions in check when selling your home, so that you don’t make any hasty decisions during the process. Here are a few common mistakes that sellers can make when they let emotions get involved with selling their Knoxville home.
Knoxville Seller Mistake #1: Setting the price too high. As someone who has lived in the home, shared many memories there, and put the time and the effort keeping the home in shape, it can be easy to want to price your home at the price you previously bought it for. Unfortunately, you may not get the price you are hoping for. With home prices still at record lows, it is important to face the fact that your home may not be worth what you paid for it.
How To Avoid This: Hire a real estate agent who can give you an honest assessment of what your home is worth in the current Knoxville market. Also, consider using a home stager. According to the National Association of Realtors, having your home staged can increase you asking price by 1% to 3%, which would increase your return anywhere from 8% to 10%.
Knoxville Seller Mistake #2: Not considering every offer. In a buyer’s market, the buyers are the ones calling the shots. As a seller, it can be difficult to consider an offer that has a lower price than you expected. Still, it is important to truly consider every offer you are given. The longer a home sits on the market, the less likely it is to receive offers.
How To Avoid This: Give each offer good consideration. Talk it over with your real estate agent. Ultimately, it is you who decides whether you say yes or no, but it is important to at least think each one over.
Knoxville Seller Mistake #3: Taking the process personally. Low offers can be irritating and downright offensive. Don’t let you frustration keep you from seeing the potential in possible offers.
How To Avoid This: Just remember, you are not the only one feeling this way. Pretty much every seller is getting stuck with the occasional low offer. Home prices are still rebounding, so buyers are able to get great deals. You’re not alone in this frustration, it is just the reality of being a seller is a buyer’s market.
Are you thinking about putting your Knoxville home on the market? If so, please let us know if there is anyway the Knoxville Home Team can assist you, we would love to assist you in selling your home as quickly and painlessly as possible. You can contact Rick at 865-696-9002 or by email at [email protected]. Kati can be reached at 865-696-1888 or by email at[email protected].