Before you sell your home, there are several mistakes homeowners make that can actually decrease their home value. However, sometimes sellers don’t know they are hurting the value of their home. That's because what a buyer sees as a mistake is not always the same as what a seller considers a mistake. When you're selling your home, you should do your best to put yourself in the position of the buyer and make your home more appealing to them.
Here are some of the mistakes that sellers can make that unintentionally decrease the value of their home or scare potential buyers away.
A growing share of home buyers and sellers sat on the sidelines last year as the pace of home sales continued its downward trajectory.1 In fact, since the Federal Reserve began its series of interest rate hikes in 2022, the combination of higher borrowing costs and record-high home prices has fostered the steepest real estate market slowdown since the 2008 recession.2
We’re still in a seller’s market, but that doesn’t mean your home is guaranteed to easily sell.1 If you want to maximize your sale price, it’s still important to prepare your home before putting it on the market.