Residential Guidebook Residential Guidebook 2015 | Page 42

5 SELLING Top Home Seller Mistakes How to avoid potential pitfalls BY ELAINE CHETTY W hen you are selling your home, you have a certain idea of what the right price is for the current market. However, when buyers and agents are coming through your home, this can be where distorted perception meets reality. 1.Overpricing your home If your home is overpriced, two things will not happen: showings or offers. The price is what sets the tone for show houses. To avoid frustration over offers much lower than your set price, have an open discussion with your estate agent to set the right price for your home. 40 Residential Handbook 2015 2. Making showings difficult Restricted showing times or having to be present for all showings can impact the amount of traffic through your home. If there are many instructions or restrictions, buyers will simply move on to those properties with fewer rules. Ensure showings are convenient for both you as the seller, as well as for potential buyers. 2.Not countering an offer It is too easy to get hung up on the starting number in an offer, when the focus must be on what the end result is. Failure to supply a counter offer sends a discouraging signal to the buyer that can create an www.reimag.co.za