Albuquerque Real Estate Listing Mistakes
Don’t make these Albuquerque real estate listing mistakes if you are selling your Albuquerque, Rio Rancho, or Corrales New Mexico real estate.
10 Most Common Albuquerque Real Estate Listing Mistakes
Selling your Albuquerque real estate can be an exhausting experience. Inconvenient phone calls, broker previews, endless showings, price adjustments, and the possibility of getting stuck with two mortgages is very real concerns for Albuquerque home owners. If you’re not adequately prepared, you could end up losing hundreds, even thousands of dollars. The right Albuquerque real estate professional can make the difference between a smooth, profitable transaction, and an unhappy experience. By utilizing the knowledge of a competent, qualified Albuquerque real estate professional, you’ll be better equipped to avoid the following mistakes most commonly made by sellers:
- Refusing To Invest in Repairs That Will Increase The Sales Price: It may cost you more money to sell ‘as is’ than to make repairs that will increase the sales price of your Albuquerque real estate. Often minor improvements will yield more than the repair cost at the time of sale. Your Albuquerque real estate professional will be able to point out which repairs will increase the value of your home. Even seemingly small touch-up jobs can have an impact on the sales price.
- Failing to Make Necessary Cosmetic Changes: A prospective home buyer‘s first impression is extremely important in the sales process. Many home sales have been lost to poor curb appeal, cluttered rooms, bad stains, and unpleasant odors. The best way to avoid this costly error is to imagine that you are the home buyer and make sure your home is clean.
- Failure to Consider Alternative Financing Terms: Cash may not always be the most advantageous transaction. Income level, tax benefits and current legislation are all crucial factors when considering purchase terms. Albuquerque Real Estate Professionals are experts in facilitating your home transaction. A smart Albuquerque real estate agent will lead you to the path that will result in the highest yield.
- Neglecting to Provide Easy Access For Showings: Accessibility is a major key to profitability. “Appointment only” showings are obviously the most restrictive, while a lock box is the least. However, there are certain considerations to take into account, such as your lifestyle, time frame for the desired sale and the strength of your relationship with your agent. The more accessible your Albuquerque real estate, the better the odds of your finding a buyer willing to pay your asking price.
- Settling on a Purchase Price Lower/Higher than Comparable Sales: One critical reason to find the right Albuquerque real estate professional is to make sure your real estate is priced appropriately for a timely sale. If the property is priced too high, it will sit and develop the stigma as a problem property. If it’s priced too low, it could cost you money at closing. The Albuquerque real estate market is constantly changing and the sales price of your home should be re-evaluated every 30-45 days to help you maximize your return.
- Missing an Opportunity by Testing The Market: Never put your Albuquerque real estate up for sale unless you are serious about selling. If you’re motivated enough; the right real estate professional will find buyers. If you are flirting with indecision, however, you may just blow the sale.
- Relying Solely On Traditional Methods To Sell Your Home: The innovative Albuquerque real estate professional that is willing to offer new strategies for attracting home buyers will always outperform the real estate professionals who rely solely on traditional marketing methods. As a motivated seller, you should ask your Albuquerque real estate professional about their plans to market your real estate.
- Wasting Time With An Unqualified Prospect: Your Albuquerque real estate professional’s responsibility is to screen a prospect’s qualifications before valuable time is lost. Be sure to align yourself with the right real estate professional and eliminate negotiating with unqualified prospects.
- Believing You Are Powerless To Make A Difference: Don’t be spectators in your own transaction: take an active role with your real estate professional to see what you can do to facilitate the sale of your home. Networking with peers and personal friends has frequently resulted in the sale of a home. In fact, you may be surprised how often homes are sold simply by word of mouth.
- Overdependence on Market Timing & Seasonal Selling: Your Albuquerque real estate professional should be continually following trends of your real estate market, a practice that could make you aware if and when the market cycle is poised to net you the most money. Although you may hear otherwise, the prevailing myth that property sales are seasonal is just that: a myth. In any market, real estate is always selling.