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Tuesday, June 17, 2008

Real Estate Bloopers

You've replaced the light bulbs, scrubbed the floors and touched up the walls in preparation for selling your house. If you think you've got everything under control, think again. When sellers put their homes on the market, they often make mistakes that can become serious obstacles to a sale. Make sure you don't fall into any of these traps!

  1. Not hiring an agent. People who sell by owner think they're saving money, but in the long run, owners who let their homes linger on the market for months or even years- are wasting time and losing money.
  2. Not recognizing a good offer. You may have heard an agent say, "The first offer is the best offer." But often sellers want to hold out for bigger and better. So they pass on the first offer and then, down the road, when bigger and better doesn't come, they regret passing the first offer. So the rule is, if the offer is close to or above your minimum price, do your best to seal the deal!
  3. Not leaving your home during a showing. No prospective buyer wants the seller looming over his shoulder as he tries to imagine himself in someone else's house. So go see a movie, shop with friends- anything but hang around the house.
  4. Not deodorizing a home that smells. After living in a home for years, you may not notice subtle (or sometimes not so subtle) smells that cling to carpets, curtains and furniture. Invite a trusted friend over to tell you if there are any odors and make sure to eliminate any before you open your house.
  5. Not making your last mortgage payment before closing. Even if you're closing on the second day of the month and your mortgage is due on the first, you must send in your payment. Sometimes sellers think they can skip the last payment, but if you do, you may incur late fees and it could negatively affect your credit. Don't worry about losing money for the weeks you're not living in the house. When the escrow officer or attorney prepares the closing documents, the numbers will be calculated based on the payments that have been received by the lender.

And don't forget, RE/MAX Lake Oconee & RE/MAX Lake Oconee on Lake Sinclair are always here to answer any questions and help you with any of your Lake Oconee Real Estate and Lake Sinclair Real Estate needs!

Sincerely,

Your team at RE/MAX Lake Oconee & Lake Sinclair

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