Mistake #1 -- Placing the Wrong Price on Your Property
Every seller obviously wants to get the most money for his or her product. Ironically, the best way to do this is NOT to list your product at an excessively high price! A high listing price will cause some prospective buyers to lose interest before even seeing your property. Also, it may lead other buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price.
Mistake #2 -- Mistaking Re-finance Appraisals for the Market Value
Unfortunately, a re-finance appraisal may have been stated at an untruthfully high price. Often, lenders estimate the value of your property to be higher than it actually is in order to encourage re-financing. The market value of your home could actually be lower. Your best bet is to ask your realtor for the most recent information regarding property sales in your community. This will give you an up-to-date and factually accurate estimate of your property value.
Try interviewing a few agents now. Be honest with them about your projected list time and what information you would like for them to be tracking over the next few months. You don't have to disclose personal/financial information to them..you don't know if you'll be hiring them. Sometimes, I know that I will be listing a home months before the seller needs to actually put it on the market. I can go to the home ahead of time, with no sense of urgency and pressure, and we can talk about improvements and any suggestions to help the house sell. They have a few months to work on things to make their home more marketable and I can watch the market and keep track of what homes are actually closing for. It's a win-win situation. You may want to discuss your market timing with an agent. Depending on your location, putting your home on the market in August can make a big difference vs September. You may be able to catch the attention of buyers wanting to get settled before school starts. Good luck.