It is very easy to fall into the trap of listing an unrealistically high price for your house if you are not aware of the current market conditions and market behavior. Home prices have declined significantly since the peak of 2006 and in many places, they have gone down as much as 50 to 60 percent. As per estimates, 19% of homeowners believe that their home is worth 10 to 20 percent more than the actual market price. It is, therefore, necessary to take into consideration the current market trend
and ask agents or appraisers to set the appropriate price for your house.
NEGLECTING HOME REPAIRS
First impressions are usually the long lasting and if your house is not making a great first impression on the buyer, you are likely to not get the desired price for it. Experts recommend that small fixes and repairs
such as leaky faucets, broken or stained wooden floor, creaky hinges can make a big difference on the buyer and should be taken care of before putting your house on the market. A neat and clean house that looks ready to move into will surely help the buyer in making his decision. You do not want the buyer to be distracted by all your stuff so make sure the house is in the best condition when a buyer visits.