What Are Novice Sellers’ Top 3 Mistakes?
NEWS & MEDIA People Images/Gettyimages.com Share The listing price is a strategy, but many sellers think of it as an expectation. Perhaps the toughest mistake? Thinking they can make more as a FSBO. CHICAGO – With soaring home prices and high demand, homeowners find it a great time to sell. But some sellers – particularly first-timers – may be so caught up in the “hot housing market” headlines that it clouds their expectations. Real estate professionals shared with realtor.com some of the mistakes of rookie home sellers in the current market: Unrealistic price expectations : It’s a seller’s market, but that doesn’t mean a sky-is-the-limit pricing strategy will work. “First-time sellers often erroneously believe that the list price means the desired purchase price,” says Lindsay Reishman, founding partner at The Reishman Group in Washington, D.C. “In fact, the list price simply indicates an approximate appropriate price, and its purpose is to drive interest in the property.” Accepti