25 Real Estate Mistakes

1. Failing to Showcase Your Home and Make Small Cosmetic Changes

When you are selling your house, you have to really look at it objectively and think about it from the viewpoint of the house hunter. Make minor enhancements to the house and maybe hire a professional stager to come and arrange your furniture. Staging is about decorating your house for the buyers’ taste, not yours.

A great place to start is with the front of the home and the main entryway. Home staging is designed to increase the potential selling price and reduce the amount of time the house stays on the market.

2. Setting Too High of a Sale Price

3. Buying What You Want, Not What You Need

4. Overlooking the Extra and Hidden Costs

5. Buying a Home without a Professional Inspection

6. Falling in Love with the First Property You See

7. Skipping the Loan Pre-Approval Step

8. Doing Major Renovations/Remodeling Before Selling

9. Not Being Pro-Active at Closing

10. Visiting the House Only Once

11. Not Setting a Realistic Budget

12. Buying the Most Expensive Home on the Block

13. Not Hiring an Agent

14. Picking the Wrong Agent

15. Trusting Everything a Real Estate Advertisement Says

16. Buying without Actually Seeing the Property

17. Not Thinking About Resale

18. Failing to Market Your Home in Different Ways

19. Treating Real Estate like the Stock Market

20. Waiting until Spring to Sell Your House

21. Trying to Make the “Hard Sell” While Showing

22. Losing Money with Auctions

23. Not Researching the Neighborhood

24. Not Providing Easy Access for Showings

25. Buying a House for its Decor