Infographics | The HousingCoach

How To Avoid Today’s Top Seller Mistakes

Want to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too?
The biggest missteps are pricing a house too high, skipping repairs, not being objective, and not being willing to negotiate.
And the best way to avoid falling into any of these traps is to partner with a real estate agent and lean on them for advice.

While the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal.
Here’s what that means when you buy: more options for your search, more negotiation power for you, it’s more likely sellers will make select repairs, and more moderate price growth.
If you want to talk more about what rising inventory means for you, connect with a local real estate agent.

The housing market is in a transition. And that gives you 3 key opportunities going into the fall.
There are more homes actively for sale. Builders are motivated to sell, so a newly built home may be more achievable than you think. And mortgage rates have come down from their recent peak.
If you’re ready and able to buy, you may find the housing market this fall a bit easier to navigate. Connect with an agent to get started.

If you’re thinking about selling your house, it’s important to know what the home inspection is and what inspectors look for.
As supply grows and buyers regain negotiation power, you may find you want to do some select repairs with a good return on investment before listing to get ahead of things a buyer may ask you to fix.
To decide what’s worth tackling, you need expert advice. Reach out to a local real estate agent so you know what to prioritize.

Back in 2008, there was an oversupply of homes for sale. Today, there’s an undersupply. The three main sources of inventory show this isn’t like the last time.
Existing homes, new homes, and foreclosures are all way below the levels we saw during the housing crash.
Inventory data shows there just aren’t enough homes available to have a repeat of what happened back in 2008.

Equity is the difference between what your house is worth and what you still owe on your mortgage.
The typical homeowner gained $28,000 over the past year and has a grand total of $305,000 in equity. And there are a lot of great ways you can use that equity.
To find out how much equity you have, connect with a real estate agent who can give you a Professional Equity Assessment Report (PEAR).