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Selling In Chicago—Common Mistakes to Avoid

Sep 21, 2021 | Industry News

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We often attribute buying a home with being a stressful endeavor, but selling can be equally challenging. In both situations, the better prepared you are before you start the process, the smoother it tends to go. For sellers, there are some frequently-made mistakes that can often make the process more difficult. If you’re thinking about selling your Chicago home, here are some things to keep in mind:

Don’t Underestimate the Costs

Homeowners who underestimate the associated costs of selling their home can be in for an unpleasant surprise. From closing costs and taxes to maintenance and staging, sellers need to be prepared for what they’re likely to spend throughout the selling process. When you’ve estimated—and prepared— for these costs in advance, you can plan accordingly, and you won’t get caught off-guard.

Enlist Some Help

The idea of saving money by not using a Realtor is enticing but can come with many complications. While it’s not always necessary to work with an agent, many times it can be the wisest decision. Having a professional in your corner to answer questions and help you navigate the complexities of the selling process is a major advantage. Selling a home can present a few obstacles, and an experienced agent will be prepared to help you navigate them.

Don’t Neglect Repairs

If you try to cover up minor damage or neglect necessary maintenance, it can pose a real problem when selling your home. Whatever the issue, it’s probably going to surface, either during an open house or an inspection. Addressing any issues in advance and being thorough with your repairs can help you avoid any snags later on. Start by doing a detailed walk-through of your house. Try to adopt the perspective of a potential buyer to spot anything that might require attention.

Skip Expensive Upgrades

In an attempt to make their home sell faster or for a higher price, some sellers will invest in high-end upgrades. This is a risky move. Occasionally the upgrades pay off, but other times it can be money wasted. Instead, go for quality, practical upgrades. Replacing dated or damaged kitchen appliances, for instance, might be a worthy investment, while new lighting fixtures or elaborate landscaping may not change the price or the speed of the sale.

 

If you’d like to get pre-qualified for a mortgage, or you need a recommendation for an experienced, local Realtor, please get in touch. I’m always happy to help.

 
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