Selling your house especially for the first time can be both emotionally and physically draining. Strangers will get into your house and poke around your kitchen and bedroom. Some may say nice stuff while others might criticize everything. With little experience and overwhelming activities, it is easy for homeowners to make mistakes. The good thing is that these pitfalls can be avoided as long as you exercise caution.
Selling your house before you are sure you can get another
If you sign a contract to sell your old house yet you have not been cleared to purchase a new one; you are in for major trouble. Your financial situation might have changed since your previous purchase. Therefore, you might not be eligible for a loan, or you may sell at a price that will not allow you to buy the kind of replacement house you desire. Thus, you might be forced to settle for a house that is far from perfect. Before putting your home up for sale, research the housing market trends or find out if you can qualify for a loan from your bank. Ensure you have somewhere to stay in case a buyer comes by immediately.
Getting too emotionally involved
The moment your property is in the listing, you need to stop feeling like a homeowner and realize you are a businessperson. Looking at the transaction from a financial perspective helps you to distance yourself from the emotional aspects of selling your home. Try to forget how it felt doing stuff like decorating the house. You might want to put in more effort into staging the rooms. It will not only increase your offers but will also make your house less familiar thus making you less emotionally involved.
Forgetting to switch insurance and utilities
As simple as it may seem, you might be surprised to learn that most people forget to inform their utility providers that they have relocated. Doing so might lead to double charges. Also, remember to inform your insurer of the changes the moment you sign the contract. Before signing the contract, call them and inquire how long the switching process will take. That way, you can call them shortly before you accept a deal.
Doing it alone
Managing a house sale especially if you are doing it alone might be very stressful. You have to answer several calls, get a photographer, and stage the home, meet buyers and a ton of other activities. If you are not a professional realtor, this might weigh you down and make it impossible to sell your house quickly or get a good deal. That is why you need an agent to help you through the home sale. If you have a home in Los Angeles and wish to sell it, discover more here on how to achieve this.
Do not get too attached to the buyer
It is good to be friendly with your buyer, but avoid lengthy discussions as personality conflicts might influence his or her decision. Remember this will be their new house. A casual statement, however innocent might shatter the deal. Always keep your distance. Read more mistakes that property sellers make here.