Selling your home, especially for the first time, maybe a daunting task. Without knowing the real estate climate or understanding your market, it can even be borderline hellish. If your property has been put up for sale and has yet to receive an offer, you may have been committing one of the following deadly sins of home selling.

Pricing is higher than the competition

Pricing your home higher than the competition will likely affect how long or how fast you sell it. The majority of home buyers will not make bids on properties that are considerably overvalued in their opinion. They either don’t want to waste their time or make a lower-than-asking-price offer that may irritate the seller. In any event, they’ll just wait for a price decrease or for a listing to appear at their desired price range in the same location.

Technically, when a house is competitively priced, it gives buyers a sense of urgency. Buyers will think “I can truly afford this,” and they may respond swiftly with firm and reasonable bids.

Refusing a reasonable offer early on

Refusing a reasonable offer early on could lead to questions about the integrity of a seller as a serious home seller. Buyers may be driven off by refusals to negotiate and a potential buyer will walk away. This will also affect future listings.

Instead, try to create a bidding war. Schedule open houses then accept offers. Potential buyers may anticipate competition and make larger bids as a consequence. If a property receives numerous bids, the seller can go back to the top bidders then request their highest and best bids. Sellers will have a psychological advantage when it comes to counteroffers and will bid with you professionally.

Not putting the property in the best possible condition for sale

Home sellers that don’t clean and stage their houses are just wasting their money and time. If someone can’t afford an expert, don’t worry. They can accomplish a lot of things on their own – a lot of tutorials are available on YouTube. Failure to maintain property conditions might lower sales prices and perhaps prohibit a seller from selling at all. If a future seller hasn’t handled any simple concerns like a broken doorknob or leaky faucet, a potential buyer may question if the property has larger, more expensive issues that haven’t been addressed as ’ell.

Request a friend or an agent to point out aspects of a house that require repairs. Sometimes, it’s natural for a new seller to ignore issues at home. Properly cleaning, organizing, applying a fresh coat of paint to the walls, and removing any bad scents can help create a positive first impression on potential buyers.

Making showing the property difficult

A missed showing is a wasted opportunity, that’s one of the most common things that real estate agents tell sellers. A house cannot be sold if a buyer is unable to examine it. Unfortunately, some home sellers have the misguided belief that everything revolves around them and has the power to make a deal a closed deal.

A seller must be flexible if they want to sell a property for the maximum money in the shortest possible time.

Forgetting that their emotional attachment does not add value in the eyes of the buyers

Getting emotional over selling a home, especially a first home where many great memories were made is unavoidable. This makes it difficult to let the home go. However, this is not the case for your buyers, rather, they may look at properties from a practical standpoint or as a business transaction.

Similarly, home sellers should consider themselves as a businessperson and a salesperson rather than just the homeowner. By seeing the transaction solely from a financial standpoint, the seller will remove themselves from the emotional components of selling the home.

Blaming the agent for the market

It’s wrong to blame a real estate agent if a listed home didn’t sell in such a location and timing. Technically, if the market in a region is bad and sellers were reluctant to dramatically reduce a listing price, it’s anticipated that a house will not sell regardless of who listed it.

This leads us back to the initial question of whether a house was adequately advertised in the past and were there any problems that sellers may have had with their real estate agents. A seller should take a long, hard look at what transpired and ask questions fairly about the issues and strategies that were not handled properly by an agent or where an agent went wrong.

Resisting a timely price reduction, causing market aging

Resisting a timely price reduction to a listing will result in a property not being sold fast or worst, expired.

If a property is in a hard market, there are possibilities that it will be in a long fight to be sold. Hiring a good real estate agent that knows the market in a certain location and has a ton of strategies to sell a home is a big plus. This gives them the baton that they know what’s good and what’s not when selling a home. One strategy that good real estate agents do is to reduce the selling price relatively quickly. The seller still has the right to delay a price change, but not too long, or else marketing the home will be less attractive to buyers.