Overpricing, Realtor Agent Use Among Biggest Mistakes for Home Sellers

Looking to sell your home? Wondering what the main mistakes others sellers have made in the recent past?

According to HouseHunt, Inc. overpricing is the number-one mistake home sellers said they made when listing their homes. The margin was nearly three-to-one over the second choice.

More Florida home selling mistakes

Survey respondents said their next biggest mistake was “dealing with the same real estate agent who represented the buyer,” thereby setting up a possible conflict of interest and possibly a perception that the buyer was getting a better deal.

What was the third biggest mistake? A failure to disclose known defects or problems. Virtually tied for fourth place were: under pricing their properties and not utilizing the Web to market their properties.

“With the rapid price appreciation we’ve seen in many housing markets across the country, it’s not surprising that home seller expectations sometimes outran market reality,” said Michael Bearden, president and CEO of HouseHunt, Inc., a consumer-oriented Internet firm that provides valuable information to homeowners, home buyers and home sellers in thousands of markets across the U.S. through its two primary websites, HouseHunt.com and moveUp.com.

Learn from past home selling mistakes

So, what lesson can be learned from these missteps? Remember the type of housing market in which you reside. Don’t overestimate how much your home is worth. Take advantage of appraisers when trying to price the value of your house and the Florida home loan you’re hoping to offer buyers.