The last home we bought (and later sold) was a foreclosure. We first lost it in an open HUD auction, but later won it by sealed bid.The home had been stripped of everything that could be removed – light fixtures, switch-plates, you name it. Even the carpet was ripped up in most of the house. 

What we thought was the foundation for a storage building in the backyard turned out to be a swimming pool covered with rebar and plywood…and partially filled with thick, green, slimy water.

I was afraid of what we'd find hidden in that water.

But we wanted this house. I was pregnant and we could see this would be a great home for a growing family. That backyard had so much potential, even before we realized it had a swimming pool! We bid high to make sure it became ours…and we never intended to leave.

Famous last words, right?

My husband, Tom, is a master handyman, but even with him doing most of the work, we put a lot of money into the house before we sold it ten years later. New carpet, light fixtures, switch plates, paint, French doors to replace the back door, a laundry room with cabinets, custom bookshelves filling the walls on either side of the fireplace…the list goes on. I can't even remember most of it.

Out back, we planted crape myrtles and miniature roses. A deep covered deck ran the length of the house. After acid-cleaning the pool, Tom built a beautiful curving fence around it and the foundation for a gazebo. The kids also had a cool tree fort and swing set. 

It was tough to leave that house. It's where we raised our three children for ten years. Christmases. Birthdays. Swimming parties. So many memories and so much time, money, and effort went into making it a home.

We weren't just emotionally attached:  we also wanted to get some of the money back we had sunk into that home over the years, so we argued with our Realtor about the price. Bless her heart, she gave up and listed it higher than the comps suggested for our neighborhood.

Thank goodness, the right buyer came along who recognized the house had great features that would cost a lot more anywhere else. But now that I'm seeing it from the perspective of a Realtor, I know we just got lucky.

But I still dread the day we have to sell this home we built from the foundation up…

What about you? Have you made any of these mistakes?

 

 

Data provided by ActiveRain.com. ActiveRain is an online community of real estate professionals who exchange best practices, write real estate blogs, and get free education from the industry and their peers.

 

 

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8 responses to “Top Home Seller’s Mistakes (Which ones have you made?)”

  1. Gail Avatar

    I have to say, no, we did not make any of those mistakes on the last home we sold. But I’m upset with my realtor (a friend) who did not fight for us on a much-needed repair to the new home we bought. In hindsight, I would have insisted the owner fix or we walk. 😦

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  2. Ms. A Avatar

    I sold my home cheap when hubby and I bought this one. It’s the only one we’ve had… and it’s paid for. Any mistakes are totally on us, because we don’t plan to move.

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  3. Barbara Shallue Avatar

    Sounds like y'all did everything right!!
     

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  4. Barbara Shallue Avatar

    That is good information for me!! Thank you for sharing that!!
     

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  5. Hilary Avatar

    Well I have cats so that fifth one was a possibility though we sealed (odor barrier paint) and freshened (placed vinyl flooring) the area where their litter box was kept.
    We also got very lucky. While we were prepping ($20,000 worth of repairs and upgrades) a neighbour a few doors down put theirs on the market for much less than we hoped to ask, and accepted ridiculously lower still. They are almost identical houses though I have no idea what kind of shape the interior was in. They accepted 25,000 less than what the three previous houses had gone for within the previous year. The agent (a former neighbour, also) and I decided to ask the previous year’s prices.. and then some. Like I said, we got very lucky and had a mini bidding war. We ended up with getting asking price. Whew! You just never really know for sure, I guess.

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  6. Barbara Shallue Avatar

    First of all, what was wrong with your neighbor and his agent?? There must have been issues with the interior. Wow. I'm glad that, despite his actions, you were able to get what you wanted for your house. It sounds like you addressed that cat odor problem. So many people don't!!
     

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  7. Wolf Pascoe Avatar

    Never sold a house–the one we live in is the first. But I guess we’ll have to get rid of the clutter before we sell. We’re a few years away, though. We have Prop 13 in California–it tends to make you want to stay to avoid the higher tax rate when you move.

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  8. Barbara Shallue Avatar

    I can see drawbacks in Proposition 13, but nevertheless, I think it's more fair than tax laws in other states, including Texas. I don't blame you! (But yes, you'll have to get rid of the clutter before you sell. I will, too! I am the Clutter Queen!)
     

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