How To Avoid the 6 Luxury Home Mistakes That Sellers Make
Whenever you’re selling luxury homes in South Florida, the process is never simple. Although, you can still maintain a high level of success when you don’t succumb to the most common luxury real estate mistakes. Selling luxury real estate requires a lot of time and energy. So, there’s very little leeway for the common luxury home mistakes that sellers can make.
That’s why Bill Sohl’s Luxury Home Team in Parkland, FL understands the nuances and the importance of the luxury real estate market to get the best asking price for your luxury home. That’s why our agents don’t believe in making the same mistakes as everyone else.
Let’s check out some of the most common luxury home mistakes that sellers make below:
1) Using poor-quality photos and videos.
2) Not getting a home inspection.
3) Using bad or underperforming marketing strategies.
4) Pricing your home incorrectly.
5) Being too attached to the home.
6) Hiring the wrong real estate agent.
1) Using poor-quality photos and videos.
Having a luxury home doesn’t equate to having luxury photos. When selling your home, you still need amazing photography to complement your property. With the majority of the potential luxury home buyers using the internet for the search, listing your home with high-definition and good quality photos can make or break your sale. While they’re important, specifically for luxury properties, it is also crucial that they look great. Either way, there’s a very low likelihood that a potential luxury home buyer will come to your home if the photos don’t look up to par.
2) Not getting a home inspection.
Home inspections are frequently used by those who want to purchase a home. Yet, home inspections can be just as beneficial for sellers, too. Therefore, another way to verify that your luxury property will be seen as a premium luxury house is by getting a high-end home inspection before officially putting it on the market. The total size of a luxury property can make a home inspection more complex and intricate. While an inspection for an average-sized house can be finished within a few hours, a luxury home inspection could take up to a day or two. It’s more elaborate.
3) Using bad or underperforming marketing strategies.
Marketing for a luxury home requires more than just professional photos and a few showings. Bill Sohl’s Luxury Home Team in Parkland, FL knows that other methods of marketing are needed to have your high-end property seen by the right people, whether they’re local or moving to the Parkland, FL area. Luxury real estate agents understand that something as simple as the spelling of the advertisements, where the listing is going to be shown, and who’s going to be looking at the listing is important. It’s been shown that properly marketed luxury properties overperform in the market in every way.
4) Pricing your home incorrectly.
By far, the most common luxury home mistake in South Florida is pricing the home incorrectly. This one mistake, alone, can cause the most issues and negative effects. Whether it’s underpriced or overpriced, all the money that goes into prepping, staging, and marketing will be gone to waste if no one wants to consider it due to the costly price tag. While you don’t want to settle your luxury property for a significantly lower price, you also don’t want your luxury home listing to sit on the market while nearby competitive homes look like a bargain when compared.
5) Being too attached to the home.
When you finally decide to sell your luxury home, the entire process can truly be an emotional experience. Not only are there a lot of memories but also your family is moving on. So sometimes, letting go isn’t the easiest to do. Even then, once you decide to sell your property, it’s important to look at it as such. If you ruminate and think too emotionally about your home, it can cloud your judgment when pricing, selling, and advertising.
Working with an experienced agent from Bill Sohl’s Luxury Team is a practical and wonderful way to detach from the process and guarantee a more objective view. Also, try to schedule showing when you’re busy because it can make you feel even more sentimental.
6) Hiring the wrong real estate agent.
As with any profession, there are luxury real estate agents in South Florida that are good at what they do and ones that are not as good at what they do. Putting your luxury home up for sale will most likely be the largest financial transaction that you’ll make in your lifetime. So, partnering with one of our experienced real estate professionals can make this a much more lucrative (and less stressful) experience.
Final Thoughts
These 6 common mistakes are easy to make and even easier to avoid. We house and work with the best luxury real estate professionals in Parkland, FL that will provide the support, suggestions, and resources you need to avoid the pitfalls and have an exceptional high-end real estate experience.
At Bill Sohl’s Luxury Home Team, we are certified to market every luxury property and home as efficiently as possible. We make it our mission to get your property listing in front of the right pair of eyes, at the right time, in the right way.
Let our team help you. Call us at 954-655-5097.
