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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. Do not confuse a pre-qualification
with a formal written pre-approval. Pre-qualifications are just
that and are typically unsupported by any documentation that confirms
the buyer's capacity to successfully close on your home. Many
home buyers have received pre-qualifications, only to later be
denied a home loan and have their dream shattered.
Allegro Lending Source would be happy
to pre-approve your prospective home buyer. We would love the
opportunity to pre-approve you for the purchase of your next home
as well.
**Take
a lot of the guesswork out of the process by requesting your free
Real Estate Assistant software
today. Sharing it with your prospective buyers will enable you both
to proceed with confidence since your buyers will have had an opportunity
to use to mortgage calculators to make sure they can afford your
home before ever submitting an offer!
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