Selling Your Home: Steer Clear of These 3 Costly Errors

By Joe Kipping

Top Realtor Joseph Kipping’s more than 18 years of professional experience in the real estate, banking, and mortgage industries makes him uniquely knowledgeable in all facets of buying and selling properties. His experience in the mortgage industry working with Lendingtree.com clients served as the foundation for his true passion – serving his clients and community as a full-time Realtor. This dedication to his Tampa Bay clients has enabled Joe to sell more than 1,200+ homes in the Tampa Bay area since 2008. Referrals from past clients and repeat business have driven much of Joe’s success because his clients know that they will never see high-pressure sales tactics, marketing gimmicks or any unprofessional practices.

Are you gearing up to put that “For Sale” sign in your front yard in Tampa Bay? Before you pick up that hammer, take a moment to consider the potential pitfalls that could cost you time, money, and peace of mind. We’ll go over the top three blunders homeowners in Tampa Bay often make, and they might not be what you expect. Whether you’re a first-time seller or a seasoned pro, avoiding these common mistakes is crucial for a smooth and successful sale.

1. Pricing incorrectly. One of the most critical factors in selling a home in Tampa Bay is nailing the right price. Going too high can discourage potential buyers, leaving your property languishing on the market. Conversely, underpricing means leaving money on the table. To avoid this mistake, collaborate with a knowledgeable local real estate agent familiar with the Tampa Bay market. Conducting a comparative market analysis will help determine the optimal price for your home. At the Tampa Bay Home Team, our agents are well-versed in proper pricing strategies to ensure your property attracts traffic, showings, and offers without leaving any money on the table.

2. Failing to disclose. Honesty is paramount when selling a property anywhere, and Tampa Bay is no exception. Failing to disclose known issues or defects can lead to legal troubles and damage your reputation. Even seemingly minor problems like a leaky faucet should be disclosed. Full disclosure empowers buyers to make informed decisions, preventing future disputes. As the saying goes, “disclose, disclose, disclose” to avoid potential legal headaches down the road.

3. Going it alone. While everyone wants to save money, selling your home without professional assistance can lead to costly mistakes. Real estate transactions involve complex legal and financial aspects that require expertise. A trusted local real estate agent with knowledge of the Tampa Bay market brings valuable experience, market insight, and negotiation skills to the table. This ensures a smoother, more profitable sale. Interviewing multiple agents with proven track records is a bonus tip, helping you find the best fit for your needs.

Bonus Tip: Interview Multiple Agents

Talking with multiple agents is crucial. Look for those with a proven track record, including success in the Tampa Bay market. Experience in a challenging market makes a significant difference, especially with many agents entering the field during the pandemic. Don’t compromise—find an agent with the skills and experience to guide you through the complexities of selling your home.

By avoiding these three common mistakes, you can set yourself up for a successful and profitable home sale. If you have questions about selling your home or real estate in general, reach out for a consultation.