While the real estate market in Tulsa is beginning to recover like much of the country, it is still important for sellers to avoid falling into common traps. Homes are now selling faster than they were, but overconfidence can prove to be a costly lesson.
Pricing
One of the most common mistakes that many homeowners in the Tulsa area make when trying to sell their homes is not pricing it right. When your home is priced too high, some buyers may not even bother to request a showing. At the same time, it is important to ensure that you do not list home too low. Not only could this cause you to lose money on your home, buyers may wonder what’s wrong it.
Over Renovating
In some instances, it can be a good idea to renovate your home, or at least update it before placing it on the market. Making too many improvements to your home can actually decrease the value of your property.
Not Getting the Most Money Possible
Unless you need to sell your home as quickly as possible, it is a good idea to make sure you are maximizing the value of your property to get the highest selling price possible. Even making a few minor improvements can help to position your home for a higher price.
Not Taking Advantage of the Market
As the Tulsa market turns around, it is important to ensure that you do not wait too long. Many sellers are still sitting on the fence while waiting to see if the market will grow even stronger before they list. This can actually be a dangerous gamble. If you are ready to sell, now is an excellent time to take full advantage of the recent gains in the housing market.
