Too often, sellers sabotage the sale of their home by making easily avoidable mistakes.
By Kathy Orton Kathy Orton Reporter and editor covering the Washington metropolitan area housing market Email Bio Follow April 29 Selling a home can be complicated. The process is like no other financial transaction most people will make.
Overlooking extra fees at closing The increase in affiliated business arrangements and marketing service agreements has had a negative impact on seller fees, says Joe Gentile, president of Federal Title & Escrow. Well-placed furniture and soothing colors helps buyers imagine themselves in the home. Not staging a home All homes can benefit from staging, whether they are studio condos or lavish mansions.
Sellers tend to over-estimate the price of their homes. Pricing your home too high “Buyers are extraordinarily well educated in today’s market,” said David Orso, an agent with Compass. “There’s no fooling a buyer. They have all the historical data. They have access to tax records. They know what you paid for the property. A seller needs to fundamentally understand they are dealing with a very educated party in the negotiation.
If a seller misprices a house, the number of days on market can work against him. Buyers will wonder why the house hasn’t sold.Make the most of your home improvements. Failing to make necessary repairs “Whatever [improvements] you do, you want it to be emotionally pleasing,” said Dan Rochon, an agent with Keller Williams. “The goal here is to make sure that when we list your property, we attract to the emotions of buyers.
Failing to disclose a defect Although it varies by state — the District and Maryland require more disclosures than Virginia — sellers are generally required to disclose to buyers the condition of the house and any material defects, which could include structural components such as the roof, operating conditions of the HVAC and drainage problems on the property.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Thousands of women entrepreneurs are selling solar powered tech to homes in rural IndiaThe idea is to reduce communities' reliance on fossil fuels.
Weiterlesen »
Pete Buttigieg releases 10 years of tax returns, jabs Trump for not doing the sameHe is the latest in the crowded Democratic presidential field to make his finances public.
Weiterlesen »
11 home-improvement chains that rose up before Home Depot and Lowe's took over the industryThe home-improvement business is currently dominated by Home Depot and Lowe's, but that wasn't always the case.
Weiterlesen »
Celebrity Spec Home Builder Lists Hollywood Hills Home for $28 MillionMichael Mueller, whose clients include Nicole Kidman, is selling his latest project—a home that appears to hang off a mountainside.
Weiterlesen »