17 Mistakes When Selling Your Home

Selling your house can be both exciting and stressful, especially if it’s your first time. Regardless of why you decided to sell your home, there are a number of pitfalls you can easily fall into, making your home selling experience less than ideal. Luckily, we’ve put together a list of the most common home selling mistakes people make so you can sell your home knowing you have your bases covered.


1. Underestimating the cost of selling your house


While you should ultimately profit from the sale of your home, many home sellers forget about the costs associated with selling a house. For starters, you should expect to use five to six percent of the total sale price of your home to cover the commissions of both the seller and buyer agents. For example, if you sell your home for $300,000 you could wind up paying upwards of $18,000 in commission.

Furthermore, this hefty cost doesn't include possible concessions homebuyers might want you to make during the negotiation phase, such as making repairs suggested by a home inspector.


2. Not budgeting for your move


When you consider the moving process, you have two options: hiring a moving company or borrow your buddy’s truck and doing it yourself.

By hiring a moving company, rather than doing it yourself, you’re getting someone who will pack, move, and then unpack your belongings. This means that a full-service mover can be well worth the investment when you’re preoccupied with all of the other tasks associated with selling your home. Not to mention, when you hire movers your belongings are insured so you’re covered if anything breaks.


3. Selling a house you owe more on than what it’s worth