“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Top Ten Mistakes Sellers Make When Selling Their Home:

In No Particular Order:

1. Sellers are at home during Inspection, Showing & Appraisal. This is probably the largest error any homeowner can make. When buyers are looking at your home they want you GONE. They need to talk about your house, talk to the inspector and be able to think out loud. You being there prevents this and ultimately costs YOU MONEY.

2. A seller gets an offer within 2 weeks of being listed & gets too cocky. Too often when an offer comes quickly a seller becomes Contract Proud. They feel "many more will come" and they do not want to consider negotiations as well as they should.

3. Television, friends in Alaska and the news reporter in Syracuse know nothing about Houston Real Estate. - ZERO. They can give you advice, but that's all it should be. When you attempt to use outside influence as an ingredient in your decision making then you run the risk of costing yourself money. Laws vary from state to state. So do market conditions, advertising methods and the expectations of what is considered usual & customary. What works in Utah, may not work in Cypress Texas.

4. A seller hires a friend or relative to list their home. Personally I don't care and am sometimes/often relieved when a friend or relative does not use me to list their house. You need to be able to FIRE, YELL AT or REPRIMAND you Realtor when you are unhappy about something. BUSINESS IS BUSINESS. Feelings won't get hurt with me if I don't know or love you!

5. A seller who stands outside during a showing, but attempts to chit chat with exiting buyers is a HUGE MISTAKE. Don't be coy and try to talk about closing costs, the new exterior paint job or how wonderful the neighbors are. You look desperate, needy and sometimes to controlling. Remember YOU ARE PAYING FOR REPRESENTATION.

6. A seller receives a repair requests, then fixes them without telling the listing agent! Don't try to be slick and perform a lot of repairs yourself in an attempt to save money!!!! The CONTRACT clearly states that a LICENSED PROFESSIONAL must perform the work that requires a license to do so. Not only that, but you need to remember that when YOU fix something, YOU are standing behind the work that was done. Buyers usually if not always want MONEY in lieu of or they want somebody they know & trust to do the work.

7. A seller sees multiple real estate signs in their neighborhood and assumes that agent is selling everything in the area. NOPE. You need to look at the SELLING AGENT & not the LISTING AGENT. Over 80% of all listings that sell come from a buyers agent and not the Listing Agent.

8. Sellers Not READING THE LISTING AGREEMENT. I love a client who trusts me, but you not reading the paperwork means you may miss something or assume something down the road that might frustrate you.

9. Sellers leaving the a/c off, leaving the dogs in the house, not cleaning their home, stinky cats, dirty dishes in sink, weapons or prescription drugs left out during showings, turning down showings, yelling at buyers agents for being late, smoking in the house, & sooo much more.

10. The BIGGEST mistake a seller can make is not calling a LICENSED REALTOR to list their home! You get what you pay for. That's if it's a part time agent, discount firm or FSBO. Do it right the first time folks!

Posted Monday May 25
( 05/25/09 11:28AM ) — Sheldon Neal -- That British Agent --

1,2,5 and of course 10, I encounter a lot ...


... they often learn the hard way ...ESPECIALLY with number 2 !!!


 


(eeewwwww I said 'number 2' !?!?!?!?)

( 05/25/09 11:36AM ) — Donne Knudsen

G - Great post!  Makes me want to blog about all the things that a buyer shouldn't do if they want to get a loan.  Have a good holiday G.  :)

All goodies but #3 is the biggest objections I get!  Serious the media isn't reporting our dire lack of inventory but I sure am!

You came out with a real mouthful with this blog.  I'm wishing I'd written it myself.  I'm glad you shouted # 9!

( 05/25/09 04:09PM ) — Laraine Shape - Broker

Greg - Damn, you're good.  Really good.  Laraine

( 05/25/09 04:56PM ) — Angelia Garcia

Greg,


what does Laraine mean by her comment?

Happy Memorial day G!  I think #10 is my favorite.  The others I agree with also. 

Oh and by the way, i'm curious what Laraine means by that comment also! :D

Greg - adding 2. B - seller gets an offer after 165 days on the market and gets cocky... ~Rita

Yup, number 1. Go away.......far far far away! You will meet the buyers at settlement!

Well, Greg, Exactly what did Laraine mean by her comment?! Have you been to Florida recently?

( 05/25/09 11:00PM ) — Greg Nino Houston Texas

Oh you guys are so silly willy! :)

I especially like number 4.  Business is business and there is not entitlement. I have seen agents get so mad that their friends didn't use them...but not once did it occur to them to ask what they could have done better......

Greg -


GREAT post! I re-blogged it because I don't think we can emphasize these points with sellers often enough. 


 

( 05/26/09 10:45AM ) — Sharon Paxson Newport Beach Real Estate

Greg - these are all excellent points, and I like 1 and 5. I have had to ask the seller's to leave as they do not need to explain about their home.

On #5, they really think they will get some honest feedback.  That's what amazes me.

( 05/26/09 08:24PM ) — Lisa Wetzel CDPE carsonvalleyland.com

Greg - Great list that was obviously created from real world experience.  thanks for the perspective.

( 06/01/09 09:19PM ) — Liz Jenkins

#9 is where a stager can come in handy - having another outside party come in and tell it like it is can often get the seller in shape.  I can't even begin to describe some of the things I've seen in houses - and it's hard for the agent, sometimes, to really be direct with the sellers.  Some agents are great about it but more often than not, a stager can be the "bad guy" who lets them know how a potential buyer views their home - and what they can do about it.


And #6 is just asking for trouble.  My husband is a former home inspector, and some of the "weekend warrior" repairs and renovations he's seen are just cringe-worthy.

( 06/01/09 10:11PM ) — Greg Nino Houston Texas

Liz - I'm a firm believer of a GREAT home stager!

Goo post today, I do like #5


Patricia Aulson/Portsmouth NH Real Estate

Hi Greg, Great post...very important tips for sellers to follow. As a mostly buyer's agent it's frustrating if a seller doesn't want to leave the home while I'm showing the property. Even if you have 2 dogs and a cat that you don't want to get loose, you should leave...take the animals with you and go for a drive!


Have a great day,


Anne Rains

Post a comment

Temporarily disabled — coming soon!