Overpricing is the number one mistake home sellers said they made when listing their homes, according to a new national e-mail survey conducted by HouseHunt, Inc. The margin was nearly three-to-one over the second choice.
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.
Third biggest mistake was “failure to disclose known defects or problems.”
Virtually tied for fourth place were: “under pricing their properties” and “not utilizing Internet technology or a Realtor 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.
It is surprise over the negative response to agents representing both the buyer and the seller: “Usually it boils down to good communication with the consumer. The agent who communicates effectively and stays in touch throughout the transaction usually has a positive experience with both the buyer and the seller.
Please, let me know if I can help - rigneyrealty@comcast.net
or 1-800-731-1162 ext.0
Thanks, Dave
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