When you are selling your house, there are a number of things you need to consider. Some are good tips for the homeowner, while others are intended for the investor. Whatever the case, you will want to do everything possible to make your home selling experience as easy and as pleasant as possible. As a home seller, it is not uncommon to wonder if you will be able to find a buyer, and if so, how much. Here are the top 7 mistakes, listed by Sell House Fast Houston pros, made by homeowners and investors who are trying to sell their houses.
Many people think that using photographs in the advertisement area of their home will attract a lot of prospective buyers. However, this is rarely the case. In many cases, the photographs simply attract attention to the home rather than attracting the potential buyer for whom they are intended. For example, many people who are selling their Long Island homes use pictures of their family, children, or nieces and nephews. But these same people rarely provide contact information for the person who may be interested in purchasing their home.
It is important for both the home buyer and the investor to carefully read the terms of the sales contract. This is especially true in the case of Long Island real estate deals. Often, sellers will insist on having a cash buyer review the home inspection, even after the closing date has passed. If the buyer is satisfied with the condition of the home and does not require any repairs, he may be willing to close on the deal without a further commitment to get the inspection done.
When you are selling, you need to get the best value possible for your house. Unfortunately, it is often possible to sell your home for more than you actually paid when you hire a real estate agent. This is because real estate agents receive a percentage of the sale proceeds. They can also charge up to fifteen percent of the final value up front. To avoid this problem, consider getting a home inspection done as soon as you close on the sale.
An inspection will reveal any problems that could slow down or stop the closing of your sale. For instance, a pest infestation can prevent the buyer from moving in immediately. A structural defect may require that the buyer move out of his property in a few months. A seller who thinks that the buyer’s demands will delay the home sale should make arrangements with a cash real estate investor well before the closing date.
Once the deal closes, you are still obligated to do some of the necessary repairs and improvements. In fact, some sellers choose to wait until after the closing to hire a contractor to do any work, such as replacing insulation. If you want a quick sale, you must be ready to deal with contractors and suppliers. Some of them will work for cash. Others will not. Therefore, you should get quotes from reputable contractors well in advance of the closing date.
It is also a good idea to arrange an appointment with a closing agent prior to the scheduled date of the transaction. This person will be able to review your contract and make sure that there are no items left that your buyer will need. These items can cost quite a bit if you have not arranged an appropriate amount of storage space for them.
In most cases, a cash buyer or real estate investor will purchase properties at below market value to get the best price for the house. Therefore, it is in your best interest to work with this type of buyer. If you do not wish to sell to a cash buyer, you should consider having the work done as a partial service. This will save you money on the sale. The cash buyer will pay you for the full amount of the sale at closing.