Planning To Sell Your House? Top Blunders To Avoid

Buying a home is a dream for most people. Once the excitement of buying the first home passes off, and you are years into having made that buy—life might just change based on priorities.

Deciding On Selling Off Your Home 

The same you who was all excited about the dream home purchase, might be looking to sell off the same home, years later. 

• Change in life goals, occupational issues and simply the desire to upgrade to a better place—could be reasons why you are looking to sell off your existing property.
• As you decide to put up a banner reading “buy my house in Spokane” (or anywhere else), you need to step back and look at the top blunders that you might possibly be making with the decision.
• The decision to sell a home is necessarily not an issue—as are the chances that a house sale comes laden with bigger blunders. That is, until you sit up to take a look.

Here are a few top mistakes you must avoid when trying to sell your home.

Limit The Emotion Game

While the property that has been your home for year will always have a special place in your heart—stop being too emotionally attached to the same. 

• You need to be practical when it comes to deciding on a price for the place. Additionally, you need to mentally let go off hoarding anything in the house.
• Selling a home off means you are also engaging in a new beginning once again. The idea here is to always remain positive and optimistic instead of simply holding on to the current things.

A home sale will actually open up better investments for you. Therefore, too much emotion will only hinder a good deal.

Selling Cost Undermining

• One common mistake homeowners indulge in is underestimating the overall costs of selling a home. Always remember to calculate your profits—and as a result plan re-investments—when the entire cost picture comes out clear.
• Besides the agent commissions that go up to 6 percent, from a base rate of 4 per cent– you also will have closing costs to shell out.
• Additionally, home staging, inspections, repairs, pending tax clearances and similar other buyer concessions will make you incur about 10 percent of the selling price.

Renting In

• It might not always be that you have a second home ready to move into, before or even as you sell your existing property. In that case, or even when you are property hunting in a new place—you have to account for the rent you will require.
• You might have to pay both mortgages together for a couple of months before your old home is done away with, as you move into a new one.
• Consider such costs beforehand instead of landing in a mess later.

Unrealistic Sale Expectations

One common mistake that most first time home sellers commit is setting an expected price for sale—that is all too high. It is fine that the market is in your favor, but you need to be practical at setting an anticipated price first. Discuss the possibilities with your real estate agent for better clarity.

Summing Up

• Consider more than just the highest offer. There could be some financial contingency that ultimately kills the highest offer you receive.
• Therefore, it is always better to be aware of such a contingency and compare among few offers before closing in on a buyer.
• Never make the mistake of Ignoring repairs and costly revamps during staging the property. Choose the right a reliable agent too.

Selling a home is an exciting prospect. However, you need to weigh your overall financial situation correctly and indulge in some right decision making first.

Planning To Sell Your House? Top Blunders To Avoid

Buying a home is a dream for most people. Once the excitement of buying the first home passes off, and you are years into having made that buy—life might just change based on priorities.

Deciding On Selling Off Your Home 

The same you who was all excited about the dream home purchase, might be looking to sell off the same home, years later. 

• Change in life goals, occupational issues and simply the desire to upgrade to a better place—could be reasons why you are looking to sell off your existing property.
• As you decide to put up a banner reading “buy my house in Spokane” (or anywhere else), you need to step back and look at the top blunders that you might possibly be making with the decision.
• The decision to sell a home is necessarily not an issue—as are the chances that a house sale comes laden with bigger blunders. That is, until you sit up to take a look.

Here are a few top mistakes you must avoid when trying to sell your home.

Limit The Emotion Game

While the property that has been your home for year will always have a special place in your heart—stop being too emotionally attached to the same. 

• You need to be practical when it comes to deciding on a price for the place. Additionally, you need to mentally let go off hoarding anything in the house.
• Selling a home off means you are also engaging in a new beginning once again. The idea here is to always remain positive and optimistic instead of simply holding on to the current things.

A home sale will actually open up better investments for you. Therefore, too much emotion will only hinder a good deal.

Selling Cost Undermining

• One common mistake homeowners indulge in is underestimating the overall costs of selling a home. Always remember to calculate your profits—and as a result plan re-investments—when the entire cost picture comes out clear.
• Besides the agent commissions that go up to 6 percent, from a base rate of 4 per cent– you also will have closing costs to shell out.
• Additionally, home staging, inspections, repairs, pending tax clearances and similar other buyer concessions will make you incur about 10 percent of the selling price.

Renting In

• It might not always be that you have a second home ready to move into, before or even as you sell your existing property. In that case, or even when you are property hunting in a new place—you have to account for the rent you will require.
• You might have to pay both mortgages together for a couple of months before your old home is done away with, as you move into a new one.
• Consider such costs beforehand instead of landing in a mess later.

Unrealistic Sale Expectations

One common mistake that most first time home sellers commit is setting an expected price for sale—that is all too high. It is fine that the market is in your favor, but you need to be practical at setting an anticipated price first. Discuss the possibilities with your real estate agent for better clarity.

Summing Up

• Consider more than just the highest offer. There could be some financial contingency that ultimately kills the highest offer you receive.
• Therefore, it is always better to be aware of such a contingency and compare among few offers before closing in on a buyer.
• Never make the mistake of Ignoring repairs and costly revamps during staging the property. Choose the right a reliable agent too.

Selling a home is an exciting prospect. However, you need to weigh your overall financial situation correctly and indulge in some right decision making first.