According to a recent market trends report from the Denver Metro Association of Realtors, sellers listed 5,425 homes on the market in October, which is a 10.1% drop from September. It’s the
Avoid These Costly Mistakes When Selling
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.
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....
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