Avoid These Mistakes When Selling Your Home

Avoid These Mistakes When Selling Your Home

The following contribution is from another author.

You have decided to sell your home and you are afraid of how long the whole process is going to take. According to the website, https://flhomebuyers.com/we-buy-houses-fort-lauderdale/ traditional home sales can take months and will entail multiple people coming to your home. It will also involve many potential home improvements and repairs. There are a few mistakes that people make when they are selling their homes. Avoiding these mistakes will make the process of home sales faster and less frustrating.

Selling When You do not Own the Home Outright

Some people will sell their homes when they still owe a mortgage. They rationalize that they can pay the mortgage off with the profits from the sale. This may work if the home has gone up in value. If it has gone down in value, you may not make enough money to pay off what you owe or you may simply break even.

Not Paying Attention to How the Home Looks

Any real estate agent will tell you that no one will want to buy a home that looks too lived in. People who are looking for a home want to see themselves in it; not you. The home should be staged.

Staging simply means removing personal items from the area of the home that potential buyers will see. Your furniture will still be there, but it will be staged in a way that is appealing to buyers.

A realtor will normally advise you to arrange the furniture in a way that is similar to a showroom. Your home should be free of clutter when you show it because buyers want to feel like they are getting something brand new.

Not getting the ball rolling on your move

Timing your move alongside your house sale is a delicate balance. However, you don’t want to leave it too long, especially if you have a lot of assets to move. Some people will hire storage space so that they can start moving things out of the property immediately but you should, at the very least, make sure that you’ve found the moving company that you want. Book them in advance as soon as you have agreed on the sale date and know when you’re going to be out. Wait too long and your window can close, meaning you have to try to move everything yourself.

Not Figuring Out How Much it Costs to Sell a Home

Even if you do own your home outright, it may not be worth the cost of putting it on the market. In addition to paying realtor costs, inspection costs, and closing costs, you are going to need a new place to live if you sell your home. You will have to make a downpayment on your new home, pay some of the closing cost, and pay for movers.

Not Telling Potential Buyers About Major Repairs

Do the electrical wires in your home need to be replaced? Are all of the pipes rusting? If your home needs major repairs, you need to tell potential buyers about those repairs.

When you sell your house, the people buying are likely to have the home inspected and find out about the problems anyway. This will only waste your time and theirs as they are likely to call the sale off.

If you have a home that needs multiple repairs, you may want to consider selling it for cash. There are companies in Florida that will pay good money for a home and get the cash to you in a week or less. If you sell your house to one of these companies, you will not have to worry about paying real estate agents fees and closing costs.

Buying a new home can be exciting, but you should never sell your old home if it does not make financial sense. Figuring out how much everything will cost and planning ahead will make your home sale smooth and profitable.

 

Author

Eric is the creator of At Home in the Future and has been a passionate fan of the future since he was seven. He's a web developer by trade, and serves as the Director of Communication and Technology for a large church in Nashville, TN (where he and his family are building a high tech home in the woods).

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