Pittsburgh is quickly becoming one of the most affordable and desirable real estate markets in the northeast. Pittsburgh is a great region for families with dozens of desirable school districts, grocery stores, parks, gyms, and hundreds of cafes and restaurants. It’s a seller’s market with dozens of buyers competing with each other for the same properties.
If your home is sitting idle, then it’s time to get to the root of the problem. In this guide, we’ve put together some common mistakes made by sellers. We also provide you with sound advice on how to overcome each situation.
Mistake #1: You’re Overconfident
In a seller’s market, sellers get overconfident and assume that their property will make a quick sale in any condition. They may get lazy and skip home selling basics like repairing, renovating, and staging the property. As a result, the home stays on the market.
Solution: Be realistic. Irrespective of whether you’re in a buyer’s or seller’s market, you need to prep and repair your house to make it appealing to prospective buyers to get the best offers.
Mistake #2: Failure to Factor the Costs of Selling the Property
Selling your home can be expensive. Consider all closing costs like agent commissions, staging costs, repair costs, marketing fees, landscaping costs, seller concessions, and more. Typically, selling your home costs approximately 10% of the sale price.
Solution: If you are worried about footing these bills, you can sell your home as-is to a cash home buyer in Pittsburgh. You don’t have to spend money on agent commissions or repairs and renovations when you sell directly to cash buyers. The cash buyer gives you a fair quote based on the property’s condition. If you’re interested, you can go ahead and complete the sale quickly without paying any fees or commissions.
Mistake #3: Over Pricing the Property
Sellers often feel comfortable pushing the asking price in a seller’s market. As a result, they overprice the property, causing the home to sit idle on the market.
Solution: Make sure to analyze the local market conditions, compare the selling price of similar properties, and fix a realistic selling price to complete the sale quickly.
Mistake #4: Not Repairing or Renovating the Property
Spending some money on renovations and home improvements that you are not likely to enjoy is a bitter pill. But if you want to sell your property for a full asking price, you need to get it in the best condition.
Solution: The home should have amenities similar to others for sale in the neighborhood. Alternatively, you can consider cash home buyers in Pittsburgh if you don’t have the time or resources for upgrades and renovations.
Mistake #5: Problems with Home Ownership
The home’s title is a document that shows proof of homeownership. If there are problems with this document, buyers are likely to stay away from your property.
Solution: Title problems are tricky, but the good news is that you can resolve them quickly with the help of a title company. Make sure to contact your title company and solve these problems before listing your home on the market.
Selling your house can be challenging, even in a seller’s market like Pittsburgh. So, make sure to avoid these mistakes to get the best offers for your home quickly.