high price in a declining market, hoping for a turnaround.
Other Key Seller Mistakes to Watch Out For
1. Selling Without Pre-Approval: Ensure you're qualified to buy another home before selling yours to avoid financial surprises that could disrupt both transactions. 2. Wasting Time on Unqualified Buyers: Focus on buyers who are financially qualified to purchase your home to avoid futile negotiations and wasted time. 3. Being Present During Showings: Your presence can make buyers uncomfortable and hinder their ability to envision themselves in the space. 4. Waiting for the 'Right Time': Don't wait for market conditions to improve. If you need to sell, the right time is now. 5. Rejecting Early Offers: Don't dismiss early offers hoping for better ones down the line. The first offer could be the best you'll get. 6. Over-Familiarizing with Buyers: Maintain a professional distance. Getting too personal can lead to misjudgments and affect negotiations. 7. Underestimating Closing Costs: Factor in all expenses related to the sale, including commissions, professional fees, and taxes. 8. Misusing Earnest Money: Treat earnest money as untouchable until the deal closes to avoid financial and legal troubles. 9. Neglecting Utility and Insurance Changes: Arrange for utilities and insurance to be transferred or canceled well before closing. 10. Letting Emotions Rule: Stay objective, especially during
30
Powered by FlippingBook