| Selling your home can be a complex process. If you | | | | While it is tempting to hide or fail to mention the |
| make mistakes, you may be unable to sell you home | | | | snafus of a home for example, its a the hotel for |
| or have seller's remorse. There's no need for this if | | | | cockroaches or located in an area that's prone to |
| you keep in mind the following. | | | | floods or earthquakes, canyon fires, it is best to give |
| Overpricing Your Home | | | | buyers full disclosure. This kind of information can |
| It's important to be realistic about the value of your | | | | greatly affect the value or desirability of the |
| home. Sellers should insist their realtors present them | | | | property. |
| with objective criteria for pricing. Comparative | | | | Be Objective: |
| information is most critical in getting a house priced | | | | While you may think your pink walls or roman |
| properly. If you ask for too much, it's hard to ask for | | | | columns are fabulous, it is best to keep that opinion |
| less later on in the process. | | | | to yourself. |
| Not Displaying Curb Appeal | | | | Poor Realtor Communication |
| You don't have to invest thousands of dollars into | | | | Sellers should take a pro-active approach to the |
| redecorating your home. But there some basic steps | | | | selling process and not rely completely on the realtor. |
| you must take to present your house in the most | | | | Sellers should insist upon regular updates about the |
| positive light. | | | | house and never assume the realtor has taken care |
| Overdoing Home Improvements | | | | of everything. It is the seller's responsibility to ensure |
| Don't go overboard staging your home. It should feel | | | | everything is running smoothly. |
| warm and inviting. Grass should be freshly cut, plant | | | | Investigate Buyers |
| some flowers, organize the home's interior, rid the | | | | Once you have an offer on the table, it is imperative |
| home of foul smells and apply new coats of paint to | | | | to secure letters of prequalification or loan approval |
| all walls and doors. | | | | from the buyers. These letters should not only state |
| No Understanding The Buyer's Offer | | | | that the buyers credit has been checked but also |
| Carefully reviewing and understanding the offer or | | | | that it was acceptable to the lender. Also, it's |
| purchase contract is imperative. Here are a few | | | | important to ask buyers to complete a loan |
| things to look for: | | | | application and submit it to their lender within a few |
| 1. Has the buyer agreed to put down a significant | | | | days after acceptance of the offer. |
| deposit? | | | | Closely Read Closing Statements |
| 2. Has the buyer asked for some credits to cover | | | | Cautiously review the closing statement, including the |
| loan costs? | | | | loan balance, repairs and other expenses detailed |
| 3. Is the offer contingent upon the owner selling his | | | | there to avoid last-minute surprises or errors. Make |
| or her present home? If so, how is the selling | | | | sure you get an estimated statement a few weeks |
| process transpiring? | | | | prior to closing and compare the final statement to |
| Home Inspection | | | | the estimated one. |
| Have general inspections done in advance. Even | | | | If you follow these steps, you will go a long way |
| though buyers will often have the house inspected | | | | towards avoiding being a victim in the home selling |
| again, it's best to prepare for any potential problems. | | | | process. |
| Withholding Information | | | | |