There are several factors that affect the time it takes to sell a home in Knoxville TN. Among other things, one of the most important factors that matter is the timing of sale.
Sales data suggests that the months of May, June and July typically fetch the highest prices. It typically takes around 3 months to close on the home in Knoxville TN. While it is the general trend in Knoxville TN, it doesn’t mean that you will also be able to sell your house at your asking price if you list it for sale in those 3 months.
Here is a list of some of the most common mistakes homeowners make when trying to sell their house. Avoid these if you want to sell house fast Knoxville TN.
Sell House Fast Knoxville TN – Common Mistakes to Avoid
1. Avoid Being the Lone Ranger
Many homeowners go the FSBO (For Sale by Owner) route initially but eventually they tie up with a professional to take the process forward. Selling a house involves a lot of work. You need to be available at all times to show the property to potential buyers and you also need to take care of marketing, staging, financial and legal paperwork among other things. It’s true that you can save a lot of money with DIY selling but choose this route only if you clearly understand the scope of work involved in a real estate transaction.
2. Not Understanding the Costs Involved
Many homeowners mistakenly assume that the only cost involved in selling a property through an agent is the commission which is typically 5-7% of the sale price. However, there are a number of other costs you need to take into account including repairs, closing costs as well as concessions you will give to the buyer in addition to the agent commission. Eventually, most people end up paying anywhere close to 10% of the final sale price as the overall cost.
3. Unrealistic Pricing
Price of your house isn’t what you think it is. Even if you have spent decent money on remodeling and renovations, there is no guarantee that you will get a good return on your investment. The right way to price your house is to check the recent sales in your area and get opinions from multiple knowledgeable and experienced agents.
Don’t think you can always reduce the price after pricing it high. Repeated drops in the price is typically taken as a sign that you are in desperate need of money and buyers often use it as a leverage when negotiating.
4. Not Being Aware of Contingencies
If you get multiple offers for your house, don’t just consider the highest offer. Many traditional sales contract have contingencies built in. It means that certain conditions must be met for the sale to close.
These typically involve buyer being able to sell their existing home or a clean house inspection report among other things. Therefore, objectively check the pros and cons of accepting a higher offer with contingency and a slightly lower offer without any.
5. Avoiding Major Repairs
If your house has some major repair issues, you should take care of those before listing your house. It’s recommended to fix major issues such as cracks in the foundation or a leaky roof instead of waiting for the buyer to ask for a credit to cover the repair costs later. It gives you better control over the total repair cost.
Sell House Fast Knoxville TN – Call a Cash Home Buyer
If you want to avoid all the above mentioned issues, the best way for you is to opt for a direct sale of your house in Knoxville, TN. We are experienced real estate professionals who buy homes for cash. Sometimes, we will buy a property, fix it up and rent it out. At other times, we will fix up the house and sell it to people who want great homes in this area.
We buy houses in as-is condition and pay cash. We can close the deal in just 3 to 5 days or we can wait longer if that’s something you want.
Give us a call now to get a cash offer today.
Find out more – Vol Homes – https://volhomes.com