3 Biggest Home Selling Mistakes You Must Avoid
I want to highlight three crucial mistakes that you must avoid when selling your home.
Don’t rush into anything unless you’re comfortable with how the selling process will work for your specific situation.
Do. Your. Homework.
Underestimating the costs of selling
It’s easy to get overwhelmed when it comes to selling your home. There’s so much that you need to accomplish in a short amount of time. You have to account for closing costs, repairs, concessions to the buyer, home showings, making sure your home is in good shape for home showings, and more.
Here’s the big one that you have to be mindful of: moving into your new home before selling your old one. So that could mean two mortgages at once, other carrying costs (HOA fees, taxes, storage).
I recommend sitting down and writing out everything that COULD be a future payment when selling. It’s best to be prepared than not.
Ignoring major repairs
This one is self-explanatory. For example, hundreds of thousands of people, if not millions that have vacant homes legally owned by them, and all of them require major repairs for the most part.
