Sellers /On October 30, 2013

4 Emotional Mistakes Sellers Make

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Selling your home can be a very emotional process. Deciding on a price, packing up all of your personal belongings, making repairs...there is a lot that goes in to selling your home. According to Trulia.com, there are four common emotional mistakes sellers make: how much is my home worth

1. Price Reduction Paralysis - Work with your agent to put a price adjustment action plan and timeline in place before the chance of panic of a low ball offer, of not selling at all, of future plans bring ruined, ever sets in.

2. Excessive Attachment - To you, your home is the place where your daughter took her first steps, the place where you carried your bride over the threshold, maybe even the place your parents built with their bare hands, but that is not the case with the potentiasl buyers. Buyers don’t know the emotional value your home holds for you. If you truly want to sell your home, you must try and release yourself, as much as possible, from your emotional attachment to it.

3. Celebrating Too Soon - Multiple offers and above-asking sales prices can happen, just be sure not to let the possibility of those scenarios put you at a disadvantage. Be sure to stay diligent on price reductions, maintaining your home, and staging while the property is still on the market.

4. Price Confusion - A home’s fair market value is defined by what a qualified buyer will pay for it at a given moment in time. Be sure not to base your price on how much money you need to fund your next home purchase or your next move.

If you’re a seller who has been wondering if it might finally be time to sell, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.

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Lynnette Tully

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LizMoore

Liz Moore & Associates is a boutique real estate agency renowned for having the region's top agents, with extensive market knowledge and local expertise that is only achieved through relentless training coupled with Liz's extremely high standards for professionalism. When you're buying or selling a home, experience matters.