Remember Me
forgot your password?

What Not to do When Selling Your Home

Inexperienced sellers make many mistakes when they are trying to sell their home.  If you are an inexperienced seller and you are trying to avoid making mistakes, there are some very basic things you should not do when selling your home.  You are probably eager to sell your home, and you probably want to be there for the showing so that you can see how many people show up and what they think about your house.  However, being there for the showing is a sure way of getting people to feel uncomfortable because they will feel as if they are invading your space.  Being there for the showing is also a sure fire way to get people to close up and not say what they really think about the house.

When selling your home, do not take criticism or any other feedback you might get about the house personally.  Your home needs to become a house again and you really need to let go of your emotional attachment so that you can make the sale.  Most successful home sellers objectify the house because they realize that it is simply not wanted anymore.  If someone were to come into your house and not like the carpeting, they are not commenting on your taste or saying anything about you.  The person is simply making a personal taste statement and you should see it as such.  If you stay clearly focused on the reasons why you want to sell your house in the first place, you will not lose your objectivity and you will not take things personally when people say things you do not like about the house.

The buyer is most assuredly going to pay for a home inspection of your home and the inspector is probably going to find things that are wrong with your house and it is going to be stated in the report.  All the report means is that it might be time for some negotiating.  What you should not do is try to contradict everything that was written in the report by a professional who probably has many years of experience conducting home inspections.  This is not the time for your competitive spirit to come out.  Selling your home is about getting fair market value for your house.  It is not a contest between you and the buyer to see who is going to win in the end. 

Do not price your home so high that it will go right out of the market of comparable homes in your area.  For example, the National Association of Realtors states that over 80% of real estate buyers use the Internet when they begin searching for a home.  Well, if you have used the Internet to look at properties, price is right at the top.  If Bob and Jane Buyer are pre-approved for a $250,000 mortgage, they will be looking at homes in that price range or a little less.  Now let's say you are willing to sell your home for $250,000, but you decided to price it at $280,000 so that you could leave some negotiating room, then Bob and Jane Buyer, who are already pre-approved for a loan will never see your house, which they might have really loved.

marco
Rate this Article: 0 / 5 stars - 0 vote(s)
Print Email Re-Publish

Add new Comment



Captcha

  • Latest Real Estate Articles
  • More from marco

Buying Real Estate in the Philippines

By: Ace | 08/12/2009
The Philippine real estate sector has been experiencing a property boom as indicated by the awakening of the real estate industry. Recovering from its long swoon, Philippine real estate, especially in Metro Manila, is experiencing an extensive transformation.

Learn 7 Things While Visiting a Home for Sale

By: Elizabeth Dennis | 08/12/2009
New Home Buyers - Learn seven important facts about each home you visit.

We Buy Houses in Fairfax Virginia in 7 Days or Less

By: We Buy Fairfax Houses | 08/12/2009
Their is a solution to selling your house fast in today's market. Sell your Fairfax Virginia house to us! WE BUY HOUSES We buy houses from people in situations just like yours in almost any area of Northern Virginia that are in any condition or price range. We specialize in finding creative solutions to real estate problems that others won't touch. We can pay all cash, take over your payments or lease-purchase your house immediately!

Online Real Estate Guide: Apartment Hunting Tips

By: Ace | 08/12/2009
There is no doubt that the fastest way to find an apartment is through the internet. There are many real estate portals that feature a wide range of apartments in Manila. You can also make your renting or buying of apartment in Manila effective by partnering with Umbrella Online Real Estate.

Three Things You Need to Know When Financing Your Miami Real Estate Purchase

By: Mark Ferrer | 07/12/2009
First-time buyers should know just how to purchase Miami real estate properties correctly in order to avoid any financial gaffe. There are, however, three important terms that everyone needs to know when looking for the right financing: fees, purchase points and rates. And if you're quite unfamiliar with these three, here is a guide to help you.

Helpful Guidelines in Choosing a Lender When Buying Coral Gables Real Estate Homes

By: Mark Ferrer | 07/12/2009
The importance of financing when buying Coral Gables real estate homes, or properties in other areas, cannot be stressed enough. While it’s definitely feasible for some to pay cash, remember that a sum as large as that can be used for other important expenses. And even if you can afford a property, it doesn’t mean you have to settle for just any lender. To avoid future financial debacle, here are some ways to choose right lender.

Consider Alternative Mortgages When Buying Miami Luxury Homes

By: Mark Ferrer | 07/12/2009
Miami luxury homes are not reserved for the elite. Even some of these properties are quite affordable for many buyers. Unfortunately, they are oftentimes cannot be bought through conventional mortgages or even FHA loans. There are, however, several alternative mortgages that can improve the chances of buyers in effectively financing such a purchase.

Essential Tips for Would-Be Miami Condos Owners

By: Mark Ferrer | 07/12/2009
Miami condos ownership is essentially different from conventional homeownership. There are other considerations involved, including common areas, condo community, homeowners association and many more. When you're about to embark in this real estate journey, check out these simple yet useful tips to aid you along the way.

Reasons Why For Sale By Owner Does Not Usually Work

By: marco | 03/12/2009 | Real Estate
Many reasons why a For Sale By Owner or FSBO does not work can be listed. Many FSBOs do not work because the seller prices the home out of the market. Do you think you will be comfortable dealing with the legal documents in a real estate deal? If you do not have the time, money and necessary skills, you will more than likely end up on the list of people who have unsuccessfully tried to conduct an FSBO.

You Might Want to Look into the Advantages of a VA Home Loan

By: marco | 02/12/2009 | Real Estate
If you are looking into buying a home, you might want to take a good look at VA home loans because these loans have some advantages that other loans do not have. No down payment to get the home loan. Reasonable property value information. Assistance by the VA to borrowers who go into default because of temporary financial hardship.

You Should Take a Look at PITI When Setting the Budget for Your Home Purchase

By: marco | 01/12/2009 | Real Estate
Principal and interest added to tax and insurance payments equals PITI. The minimum asset amount must be presented to see whether you can continue making your mortgage payments if there happens to be some unforeseen interruption in your income or earnings. When you have a good idea of what your PITI is going to be, you can begin to budget accordingly.

Do You Know How Bankruptcy Affects Your Ability to Purchase a Home Once Again?

By: marco | 01/12/2009 | Real Estate
The main way that a bankruptcy affects your ability to purchase a home is that it erodes lender confidence in your ability to pay back money that your borrow. If you have managed to save a sizeable amount of money for your down payment after having filed for bankruptcy, it shows the lender that you are indeed able to manage your finances. On a more positive note, discharge in a bankruptcy probably improves your capapacy to repay a loan.

As a Beginner in Real Estate Investing, There are some Mistakes You Want to Avoid

By: marco | 26/11/2009 | Real Estate
The real estate business is full of pitfalls if you are a beginner and there are some mistakes that you definitely want to avoid making your first time out. The real estate business is full of pitfalls if you are a beginner and there are some mistakes that you definitely want to avoid making your first time out. The real estate business is full of pitfalls if you are a beginner and there are some mistakes that you definitely want to avoid making your first time out. The real estate business i

You Can Really Help Sell Your House Through Home Staging

By: marco | 24/11/2009 | Real Estate
If you have been having trouble selling your house, then perhaps it is time to do a home staging to help you sell it. Artfully placed knick-knacks, a bowl full of shiny fruit in the kitchen, mirrors, lamps, rugs, cushions, pillows and fabric with luxurious textures will all be used to stimulate the buyers' senses and make them feel as if they have walked into a place where they want to live. The point is that you house will be looking its best during a showing.

Buying Rental Property is not as Simple as it Sounds

By: marco | 23/11/2009 | Real Estate
The idea seems simple enough: You buy property, you rent it and you earn money on your investment. If you are going to purchase a property that is going to need repair once you purchase it, you are going to need to have cash left over after you buy the property. There are no general rules of thumb that you can turn to when you buy rental property, but there is plenty of advice from other landlords and experienced people.

Submit Your Articles Free: Signup
Article Categories




Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.08, 1, w2)