| Special Report
Four Common Mistakes Made By Home
Sellers, and How to Avoid Them
- Not Preparing Your
Home To Look Attractive To Buyers. Your
home is competing with more than 1,000
other homes. Buyers buy on emotion, not
logic. The best marketing program in the
world can only bring lots of buyers into
your home – it can't make them like
the home. See our "How to Show Your
Home" flyer.
- Signing A Long-Term
Listing Without A Written, Specific
Performance Guarantee And Easy-Exit
Clause. Don't rely on verbal
promises. Make sure that you receive a
written promise stating that you can
cancel without charge if the performance
is other than what was promised.
- Not First Obtaining A
Qualified Bank Appraisal And Commitment
For Financing From A Home Lender. How
would you feel if your home sold for
$106,500 and then you find out from the
bank appraiser that it was worth
$116,000? In today's real estate market,
this happens often! Your home will have
to be appraised by a state licensed bank
appraiser sooner or later. Sooner can
result in several extra thousands of
dollars in your pocket.
Bonus: Buyers are
afraid of paying too much for a house.
That's why they often make low offers. A
certified bank appraisal helps you sell
for full price because the buyer can see
that the price was established by a
professional third party.
- Not Obtaining Written
Pre-Approval For A New Home Loan For Your
New Home. Nothing is more
heartbreaking than to sell your home and
find your new dream home, only to find
that you can't obtain financing for the
dream home.
A written pre-approval is a formal
written promise by a home lender to make
you a new home loan. It costs only $100
(We can often help you get them for no
charge), which will be applied to your
down payment when you get your new home.
Do not confuse a verbal pre-qualification
with a formal written pre-approval.
Verbal pre-qualifications are just that
– verbal. They are not binding on
the home lender. Many home buyers have
received verbal pre-qualifications, only
to later be denied a home loan and have
their dream shattered.
We would be more than happy to give you
the name of several highly competent,
well-respected home lenders, who may
provide you with a formal, written
pre-approval at no charge, as a result of
our recommendation. Please feel free to
give us a call for their names.
The above recommendations
come from years of experience in the real estate
industry during buyers' markets, sellers'
markets, high interest rates and low interest
rates. In any economy, however, the listed
recommendations apply in all situations. Follow
these guidelines and you will substantially
reduce the often stressful and sometimes
expensive mistakes made by hundreds of home
sellers in our area each year. For FREE help and
guidance in selling your home, call Peter and
Helen at RE/MAX Properties, 257-0175 or 257-0167.
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