5 mistakes to avoid when selling a property

from Everything Home November 2021

Home theater essentials

Are you getting ready to put your house on the market? To ensure that selling your home goes smoothly, here are five mistakes to avoid.

1.

Going it alone

Whether it’s your first or fifth time selling a property, working with a real estate agent is a must. Realtors have the knowledge and experience to guide you through the process and ensure you set a fair and competitive price.

2.

Forgetting to take pictures

To showcase your home’s best features online, you need to include high-quality images with your listing. Be sure to take them during the day to benefit from the available natural light. Recording a video tour of the property is also a good idea.

3.

Leaving your home cluttered

In addition to cleaning your home, remember to remove any clutter before arranging a tour. Consider consulting a professional home stager to help potential buyers see your property’s full potential.

4. 5.

Disregarding the yard

Since the exterior of your home is what potential buyers will see first, it needs to make a good impression. Be sure to mow the lawn, rake up leaves, wash the siding and deck, weed the gardens and neatly arrange your patio furniture.

Underestimating the costs

Home sellers are responsible for paying the commission to both their own and the buyer’s agent. Keep in mind that you might also have to make concessions with the buyer and pay for repairs following an inspection of the property.

If you want to sell your home quickly at the best possible price, be sure to work with a real estate agent.

A sheriff’s sale is a type of auction at which defaulted or repossessed properties are sold at the end of the foreclosure process. According to Investopedia.com, the proceeds of a sheriff’s sale are used to pay mortgage lenders, banks, tax collectors, and other litigants who have lost money on the property being sold. Sheriff’s sales are not conducted when a homeowner misses a mortgage payment. In fact, such sales take place only after lenders have notified borrowers of default and given them time to catch up on missed payments. Sheriff’s auctions are conducted in public, often outside a local municipal building, such as a courthouse. Notices of sheriff’s sales can typically be found in local newspapers or via sheriff’s office websites. Properties auctioned off during sheriff’s sales go to the highest bidder, who typically must provide certified proof of their funding prior to making a bid. Properties up for auction may include single- and multi-family homes, mixed-use properties, large complexes, and commercial buildings. Prospective bidders should do a little homework prior to participating in a sheriff’s sale so they can be certain what they’re getting into before bidding on a property. For example, some properties may have tax liens on them, and if such liens were not wiped out during foreclosure proceedings, winning bidders may be responsible for paying them. Bidders also should be prepared to close quickly on a property should their bid prevail, as many sheriff’s sales require closing within 30 days of submitting a successful bid. – MCS

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