5 Seller Mistakes To Avoid Before Selling Your Candlewood Lake Home
5 Seller Mistakes To Avoid Before Selling Your Candlewood Lake Home
Before you list your , it is important to know the top 5 seller mistakes so you can avoid them:
1. Selling your Candlewood Lake home before you get qualified to buy a new home
If your Candlewood Lake home is your primary residence and you signed a contract to sell it before you were qualified for a new home loan, you might be putting yourself in trouble. If you are unable to sell your home for the amount you need to buy the new home you want, then you might end up buying a new home that is far from your ideal home, or worse, renting.
Make sure you get preapproval from a lender before selling your Candlewood Lake home so you have an idea how much your budget is for a replacement home.
Nothing can turn off potential buyers faster than an overpriced home. Even if you eventually lower your price, it will look like you are getting desperate and might end up getting a lower price than what you could have gotten had you listed your home at the right price the first time. On the other hand, you’ll end up losing on potential profit by pricing your home too low
3. Getting too emotional
It’s normal to be a bit emotional when selling a home you’ve lived in for years - a home where you have created so many memories. Don’t let your emotions get in the way of selling your home. Keep a cool head during the entire process, especially during the home inspection. Don’t get too defensive when issues like defects and the need for repairs arise. Don’t let the buyer’s request to do some repairs kill the deal.
Make sure to decide in advance what type of repairs you can handle and is within your budget and stick with that decision.
4. Forgetting to cancel your utilities and insurance
It sounds like common sense, but you’d be surprised at how many sellers forget to inform their utilities provider that they are moving or apply for utility service at their new area. Make a checklist for moving and include calling the utilities and insurance company as soon as you have a contract to sell. Find out how many days they need to cancel or switch, then follow up with them when you have a definite closing date for your Candlewood Lake home.
5. Doing it alone
Selling a home could be very stressful. Cleaning up the house, boxing up personal items, answering calls, and setting appointments, speaking with lenders, and not to mention the tons of paperwork involved, can be very overwhelming for most sellers. But if you are working with a Candlewood Lake real estate agent, the agent will be able to get that heavy burden off your shoulders and take care of all the little details involving marketing your home, talking to buyers, and answering calls, even the huge amount of paperwork involved in the sales process.
You may think that you save on paying commission but you actually might end up losing more money in terms of bad decisions and poor pricing of your home.
Avoiding these mistakes could save you thousands of dollars. Make sure to work with a real estate agent specializing in to get more information about selling your home.
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