Selling your home? Here are my 5 home selling pitfalls you need to be aware of and avoid:
#1 - PACKING
Don't wait until after you're under contract to do this! You already have to declutter to get your house ready to show, take it one step further and fully declutter. That means go through every cabinet and closet, get rid of the things you don't want to bring with you to the next house.
Yes, it's a lot of work, but the payoff is a huge stress reduction when it comes time to move.
#2 - FINANCING
To be a smart home seller, you have to ask questions and dig a little deeper when it comes to that buyer's lender letter that came with the offer.
Here's what you should be asking:
Has the buyer simply talked with the lender and verbally told them what their income and debts are? Or has the buyer provided the lender with actual documentation that verifies their income and overall financial picture? Tax returns, bank statements, pay stubs, etc.
Has the lender run their credit yet? If the buyer for your house sends a pre-approval letter that specifies that documentation has been provided to their lender and their credit has been run, then this piece of paper is far more valuable than the one where a buyer has just verbally provided information to the lender.
#3 - TITLE
Home sellers very rarely think about whether there is something wrong with the title to their property that may get in the way of a sale. The title company and the buyer's lender are going to need a title search done to make sure there are no clouds on the title.
Was there a break in the chain of title at some point?
Is there an old lien still attached to the property?
Or are there inaccuracies in the legal description?
Those are just a few examples of title pitfalls that can get in your way.
#4 - INSPECTION
Most sellers are not going through their house with a fine-tooth comb like an inspector does. Imperfections will be found, even in the most well-cared for homes.
"But Melanie," you might say, "I have an as-is contract, so I don't have to do repairs."
These contracts are very popular in the state of Florida.
I wish that were true, but a good percentage of the time, buyers will still ask you for some repairs.
Repair negotiations can be tricky, so be a smart home seller and go into it with realistic expectations.
#5 - THE APPRAISAL
Another huge pitfall to overcome in your escrow period is the appraisal. The buyer's lender needs a third party to verify that your house is actually worth what the contract price is.
Appraisers are looking at the property in a very clinical way, and they have guidelines to follow.
Make sure your home is show ready when the appraiser comes out.
Yes, appraisers are supposed to look past boxes and clutter, but they are human, too. It makes sense to have the house looking its best on the day that someone is going to value it.
I also ask my sellers to list the upgrades and renovations that they have done to the house along with the approximate costs.
New roof? A/C system? Make sure they're on that list.
Then I provide that list to the appraiser so they have all the information about the home that the seller would want to pass along.
Hope you found this information helpful and wish you the best as you make your way over all of these home selling pitfalls!
SUBSCRIBE to this channel if you want to learn about real estate, home ownership, or living in the Tampa Bay area: goo.gl/XStcGM
FOLLOW MELANIE! 📱
melanielovestampabay.com
INSTAGRAM:
/ melanielovestampabay
FACEBOOK:
/ melanielovestampabay
TWITTER:
/ melanietampabay
SMITH & ASSOCIATES:
melanieatkinson.smithandassoc...
🎧 LISTEN ON THE GO WITH MELANIE'S PODCAST 🎤
anchor.fm/melanielovestampabay
ITUNES: goo.gl/TGQrW7
SPOTIFY: goo.gl/y6T1i4
GOOGLE PODCASTS: goo.gl/C7BcAx
Melanie is a Tampa Bay area Realtor with Smith & Associates. She loves Tampa Bay area area, houses, and helping clients buy and sell real estate.
Email: matkinson@smithandassociates.com
Call/text me if you are looking to buy / sell a home in the Tampa Bay area! 813.368.6084
DISCLAIMER: All content provided on melanielovestampabay.com and the Melanie Loves Tampa Bay KZitem channel/social media platforms is for informational/entertainment purposes only. The owner of Melanie Loves Tampa Bay makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. Information provided is subject to change, please consult Melanie directly or another licensed real estate agent to receive the best expertise for your specific situation.
The owner of Melanie Loves Tampa Bay will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.
Негізгі бет Тәжірибелік нұсқаулар және стиль 5 Home Selling 🏡 Pitfalls You Need to Avoid | MELANIE ❤️ TAMPA BAY
Пікірлер: 8