Avoid These Costly Mistakes When Selling

Dated: 07/17/2014

Views: 1158

If you’re selling your house you may already be prepared to declutter and stage your home for marketing. However, what you may not be prepared for is the mental and emotional toll the selling process can take. After all, you may have formed an emotional attachment to your home, and while you’ve set your sights on selling, it can be tough seeing someone else come in to your space. To help keep the transaction running a smoothly as possible, Realtor.com has compiled a list of common, but costly, seller mistakes to avoid. If you’re considering selling your home soon, take a look at few of the following pitfalls to avoid.

Skipping a home inspection. 
Depending on the age of your home, scheduling a pre-listing home inspection could save you a lot of time and aggravation. You can address issues on your own time and budget before negotiating with a buyer to fix problems.

Skimping on your sales preperation. While you may be tempted to test the waters and put your home on the market without painting it or making minor repairs, if you do this your home is likelier to linger on the market and possibly get a reputation for having problems. A thorough, professional-level cleaning should be your bare minimum 
preparation as you list your home for sale.
Neglecting to ramp up your curb appeal. If you polish and prime the inside your home but neglect to pull weeds or paint your front door, you run the risk of potential buyers leaving without ever entering your home.

Withholding information from buyers. If you hope that the buyers or their inspector won’t find out about the leak under your bathroom sink or the fact that your basement gets flooded every winter, you run the risk of a nasty negotiating period, or worse, a lawsuit after the settlement.
Being unprepared for your next step. Whether you should buy your next home or sell your current home first is only one part of the preparation you need to make to move. You want a back-up plan in case your transaction on either end takes longer or shorter than you think, and you need to understand your mortgage payoff and the 
closing costs you must pay.
Blog author image

Carla Winter - Raymond Selix

Ray and Carla have been working as a team since 1995. Carla’s extensive knowledge of the Denver area real estate market not only includes over 35 years as a Real Estate Broker Associate but also in....

Latest Blog Posts

5 Financing Options For First Time Home Buyers

As a first time home buyer, you may think you’ve only got a handful of financing options to choose from when selecting your first property. However, there are actually several options to choose

Read More

Rising Inventory Causing Decrease In Bidding Wars

According to Seattle-based real estate brokerage Redfin, lower-priced properties in Denver can still garner a high amount of attention, but overall, the days when a home in metro Denver would list

Read More

Looking For Homes In Denver Make Mortgage PreApproval Your First Step

So you’ve decided to start looking at homes in Denver. You may think the first step is to hop on the MLS and see what’s available, but do you even know how much house you can afford? That’s

Read More

Despite Lower Interest Rates Affordability Issues Remain In Denver

While falling mortgage rates have put some energy back into existing home sales, new home purchases are taking a hit. According to Robert Dietz, chief economist at the National Association of

Read More