Home sellers, avoid these common pitfalls to ensure a smooth and successful sale.
1. Not pricing properly. The market dictates your list price. When your home is priced to high, you stand to lose the early leverage you have with potential buyers.
2. Underestimating selling costs. The total costs to sell a home can be surprising. Your REALTOR® should guide you through closing costs, repairs, and potential concessions to the buyer.
3. Failing to disclose issues. Required repairs and issues in your home will likely be discovered during the home inspection, and this can result in a costly situation. Transparency is key.
4. Selling FSBO. Selling privately can be extremely costly to sellers who often price incorrectly, incur marketing costs, and find themselves liable with no representation if anything goes wrong during negotiations.
5. Not choosing the best offer. The highest price offer is not necessarily the best one, and your REALTOR® should help you understand how the terms and conditions in an offer may affect your bottom line.
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