Thousands are coming, and if you're ready to sell your home, contact a realtor who will sell it for top dollar!
Selling your home can be one of the most significant financial decisions you'll ever make. But many Utahns are losing thousands of dollars without even realizing it.
With countless factors to consider—from pricing strategy to home preparation—it's easy to make costly mistakes that reduce your home's value or delay the sale. Worse, many sellers unknowingly trust real estate agents to handle everything without doing their homework.
So how can you avoid leaving thousands of dollars on the table when selling your home? Here’s a deep dive into the common pitfalls and, more importantly, what you should do instead to maximize your profits.
Setting the right price is crucial. Overpricing is one of the biggest mistakes sellers and real estate agents make. Many homeowners believe their property is worth more than the market value, often due to emotional attachment or misinformation.
Real estate agents might even agree to a higher asking price to secure your listing. But the reality is that an overpriced home can sit on the market for months, and when it finally sells, it often does so below market value.
According to the National Association of Realtors (NAR), homes that are priced correctly from the start sell 50% faster and for closer to the asking price than those that are overpriced. The longer your home stays on the market, the more likely you are to have to lower the price, and buyers may assume something is wrong with the property.
Take the case of Sarah and David, who listed their home in Southern Utah at $750,000—$30,000 above market value. They received very few showings over the first month, and as the listing became "stale," they had to reduce the price twice. In the end, their home sold for $710,000, far below what it could have fetched had they priced it correctly from the beginning.
Get a Comparative Market Analysis (CMA): Ask your agent to provide you with a CMA that looks at recent sales of similar properties in your area.
Monitor Local Trends: Research the price per square foot in your neighborhood and monitor seasonal
trends.
Be Realistic: Price your home slightly below market value to attract multiple offers, which can drive the price up.
You might think your home is perfect just the way it is, but today’s buyers are savvy and expect homes to be move-in ready. Failing to properly prepare your home can cost you thousands in reduced offers or force you into costly negotiations during the closing process.
A study by HomeLight found that 75% of agents recommend staging, and homes that are staged sell for an average of 6-10% more than those that aren’t. Simple improvements like a fresh coat of paint or decluttering can increase your home's perceived value.
John, a homeowner in St. George, Utah, listed his house without any updates or repairs. His home had visible wear and tear, outdated fixtures, and cluttered spaces. Despite his agent’s advice to declutter and repaint, he listed the home "as-is." After several months on the market, John ended up selling for $30,000 less than he anticipated because buyers factored in the cost of repairs and the perceived value of the home was underestimated.
Deep Clean and Declutter: Remove personal items and unnecessary furniture to make your home feel larger and more appealing.
Stage Key Rooms: Focus on staging the living room, master bedroom, and kitchen to create a welcoming atmosphere.
Invest in Minor Repairs: Fix leaky faucets, patch up holes, and repaint with neutral colors to give your home a fresh look.
Focus on Curb Appeal: A well-maintained lawn, clean driveway, and fresh landscaping can make a huge difference in first impressions.
Not all real estate agents are created equal. Some will simply list your home and wait for offers to roll in, while others will actively market your property, negotiate skillfully, and provide valuable guidance. Hiring the wrong agent can cost you in terms of both time and money.
According to Zillow, homes sold with a top-performing real estate agent sell for an average of $10,000 to $20,000 more than homes sold by less-experienced agents. Top agents are more likely to use professional photography, effective marketing strategies, and superior negotiation skills.
Susan hired a part-time agent who lacked experience in her local market. The agent listed her home with poor-quality photos, did minimal marketing, and wasn't familiar with local trends. After 90 days on the market with little activity, Susan decided to switch to an experienced agent who re-listed the home with professional photos, held open houses, and used targeted online advertising. The home sold within two weeks for $15,000 more than the original list price.
Research Agents Thoroughly: Look for agents with a proven track record in your area and check their reviews and references.
Ask About Their Marketing Strategy: Make sure they use professional photography, social media advertising, and virtual tours.
Evaluate Communication: Choose an agent who is responsive, transparent, and provides regular updates on your listing.
In today’s digital age, it’s not enough to simply put a "For Sale" sign in your yard and wait for buyers. Poor marketing can result in fewer showings, lower offers, and a longer time on the market.
Homes with professional photography sell 32% faster than those with amateur photos, according to Redfin. Furthermore, homes marketed online with virtual tours and 3D walkthroughs see a significant boost in buyer interest.
A homeowner in Ivins, Utah, tried to sell his home using photos he took with his smartphone. The photos were poorly lit, blurry, and didn't show off the property’s best features. After three months with little interest, his agent hired a professional photographer and created a virtual tour. Within a week of re-listing, the home received multiple offers, ultimately selling for $12,000 over asking price.
Invest in Professional Photography: High-quality images make a huge difference in attracting online buyers.
Utilize Virtual Tours: Especially for out-of-town buyers, a virtual tour can provide an immersive experience that increases interest.
Leverage Social Media: Share your listing on platforms like Facebook, Instagram, and LinkedIn to reach a wider audience.
Host Open Houses and Private Showings: Engage potential buyers with well-advertised open houses and offer virtual open houses if needed.
Selling your home can be an emotional experience, but letting those emotions get in the way can hurt your bottom line. Whether it’s holding out for a higher price or refusing to make needed repairs, emotional attachment can lead to poor decisions.
According to Realtor.com, homes that are overpriced due to emotional attachment take up to three times longer to sell. Sellers who are more flexible and open to negotiations often sell faster and for closer to asking price.
Anna inherited her childhood home, and despite it needing major repairs, she refused to lower the price or invest in improvements. The home sat on the market for over six months. After she finally agreed to make repairs and lower the price, the home sold quickly for a fair market price.
Keep Emotions in Check: View your home as a business transaction rather than a sentimental asset.
Be Willing to Negotiate: Understand that compromise on price or repairs may be necessary to close the deal.
Focus on the Bigger Picture: Your goal is to sell at the best price possible—don’t let emotional decisions derail that.
Selling your home is a complex process, but with the right strategies, you can avoid losing thousands of dollars. By pricing your home correctly, preparing it for the market, hiring the right agent, and leveraging effective marketing tactics, you’ll maximize its value and attract motivated buyers.
If you're thinking about selling your home in Southern Utah and want expert guidance, contact a local realtor today. They'll help you navigate the selling process and ensure you walk away with the best possible outcome.
Don’t lose money on your home sale—take control of the process and maximize your profit!
Contact your local realtor, and they will best be able to help you navigate the ever-changing real estate market.
For further data, you can access local real estate statistics at the Utah Association of Realtors
As realtors, we know that selling a home is about more than just square footage and granite countertops. It’s about creating an emotional connection between the buyer and the space. One of the most effective ways to do this is by appealing to the five senses—sight, sound, smell, touch, and even taste.
The sign “Stop Cooking Fish Before a Showing!”? It’s a lighthearted reminder of the critical role that our senses play in the home-buying experience, especially the sense of smell, which can either make or break a potential sale.
When buyers walk into a home, they immediately start forming opinions, often without even realizing it. This process is driven by the brain’s limbic system, which is responsible for emotions, behavior, and long-term memory. The sense of smell, in particular, is directly linked to this part of the brain, which is why certain scents can evoke powerful emotions and memories. A study by the National Association of Realtors (NAR) revealed that 35% of buyers decide whether or not to buy a property within the first few minutes of seeing it. This statistic underscores the importance of creating a positive first impression, which is heavily influenced by the senses.
The sense of smell is often underestimated in real estate, but it can have a profound impact on a buyer’s perception of a home. Strong or unpleasant odors—like those from cooking fish—can create a negative impression that’s hard to shake. Conversely, pleasant scents can make a home feel more inviting and comfortable, helping buyers envision themselves living there.
To maximize a home’s appeal, it’s essential to engage all five senses during showings. Here’s how sellers can do that effectively:
Eliminate Odors: The first step in creating a welcoming environment is to eliminate any
unpleasant odors. This includes strong cooking smells, pet odors, and musty scents. Deep cleaning carpets, upholstery, and curtains can help, as can using air purifiers.
Use Neutral Scents: Opt for neutral, pleasant scents that appeal to a wide audience. Freshly baked cookies, vanilla, and citrus are popular choices because they evoke feelings of warmth and comfort. According to a study published in the Journal of Environmental Psychology, certain scents, like citrus, can actually improve mood and increase the perceived value of a home.
Fresh Air: Nothing beats the smell of fresh air. Before a showing, open windows to let in the breeze and ensure the home feels fresh and clean. This is especially important in Southern Utah, where the dry, warm climate can sometimes lead to stuffy interiors.
Strategic Use of Essential Oils: Essential oils can be a great way to subtly enhance the atmosphere of a home. For example, lavender in the bedroom promotes relaxation, while eucalyptus in the bathroom creates a clean, spa-like vibe. However, avoid overpowering scents, as they can be just as off-putting as bad odors.
Maximize Natural Light: Natural light is one of the most sought-after features in a home. Open curtains and blinds to let in as much natural light as possible. This not only makes rooms appear larger but also highlights the home’s features. A study by Zillow found that homes with abundant natural light tend to sell faster and for more money.
Declutter and Stage: A cluttered home can make spaces feel smaller and more chaotic. Encourage sellers to declutter and depersonalize their homes before showings. This allows potential buyers to envision their own belongings in the space. Professional staging can also make a significant difference, helping to highlight the home’s best features and create a cohesive, inviting atmosphere.
Neutral Colors: While bold colors can be appealing, they don’t always resonate with every buyer. Neutral colors, on the other hand, provide a blank canvas that allows buyers to imagine the space as their own. Consider repainting walls in soft, neutral tones that appeal to a broader audience.
Highlight Focal Points: Every home has its unique features, whether it’s a stunning fireplace, a breathtaking view, or beautiful hardwood floors. Make sure these focal points are highlighted during showings. This could mean rearranging furniture, adding accent lighting, or simply drawing attention to these features in marketing materials.
Create a Calming Atmosphere: Background music can significantly influence a buyer’s
perception of a home. Soft, instrumental music, like classical or acoustic tunes, can create a peaceful, inviting atmosphere. However, be mindful of the volume—music should enhance the experience, not dominate it.
Minimize Disruptive Noise: Noise pollution can be a deal-breaker for many buyers. If the home is located in a noisy area, consider scheduling showings during quieter times of the day. Inside the home, take steps to minimize disruptive sounds, like barking dogs or loud appliances.
Use Sound to Your Advantage: In certain cases, sound can be used to enhance a home’s appeal. For example, the sound of a crackling fireplace or running water from a fountain can create a sense of comfort and tranquility.
Texture and Cleanliness Matter: The way a home feels can be just as important as the way it looks. Ensure that all surfaces are clean and well-maintained. This includes everything from countertops and floors to doorknobs and light switches. A clean, smooth surface feels inviting and suggests that the home has been well cared for.
Comfortable Textiles: Adding soft, comfortable textiles can make a home feel cozier and more inviting. Think plush throw pillows, fluffy towels, and cozy blankets. These small touches can create a sense of luxury and comfort that appeals to buyers on a subconscious level.
Temperature Control: A home that’s too hot or too cold can make buyers uncomfortable and distract them from appreciating its features. Ensure that the temperature is set to a comfortable level—typically around 68-72°F—during showings.
Offer Light Refreshments: While taste isn’t always applicable in real estate, offering a small
treat can create a positive experience for buyers. A plate of freshly baked cookies, a bowl of seasonal fruit, or a selection of bottled water and coffee can make buyers feel more at home. This simple gesture not only engages the sense of taste but also leaves a lasting impression.
The Power of Fresh Baked Goods: The smell of freshly baked goods, combined with the taste of a warm cookie, can evoke a sense of comfort and nostalgia. It’s a small detail, but one that can create a memorable experience for potential buyers.
Selling a home isn’t just about listing features and setting a price—it’s about creating an experience. By engaging all five senses, sellers can create an environment that resonates with buyers on multiple levels. This not only increases the chances of a quicker sale but can also lead to higher offers.
When preparing a home for sale, remember that buyers aren’t just purchasing a property—they’re buying a feeling, a lifestyle, and a future. By paying attention to the details and appealing to the senses, you can help buyers envision their life in the home, making it an irresistible choice.
By incorporating these sensory strategies, you’re not just selling a house; you’re selling an experience. Let’s create a space that buyers can’t resist!
If you're considering buying, selling, or building a home in Southern Utah, contacting us at goDalley Real Estate is the first thing you should do. We have been a part of this amazing community for over 30 years, and our local expertise and deep understanding of the Southern Utah real estate market set us apart from every other realtor. CLICK HERE!
National Association of Realtors (NAR) research on home buying decisions.
“The Scent of a Sale: Why Smell Matters in Real Estate,” Forbes.
“The Psychology of Color and Scent in Real Estate,” Psychology Today.
Zillow study on the impact of natural light on home sales.
Journal of Environmental Psychology study on the impact of scent on mood and perceived value.