The ABCs of Getting a Mortgage Loan for First-Timers

Posted on: 19 September 2017

Your home is more than just a place for you and your family to live. It is also a financial investment. When it comes time to sell it, you want to do everything possible to get the most return on your investment. In preparing your home for the market, what you avoid doing is just as important as what you do. Here are a few things you should avoid doing when you list your home.

Selling the Home Yourself

You have undoubtedly heard a pitch in the past from a relative or friend about how easy it is to sell your own home. Even though it might sound appealing, one of the biggest missteps you can make from the start is to decide to sell without the help of a realtor.

A realtor is more than just someone who shows your home. He or she is involved with every stage of selling, including pricing and marketing the home. He or she brings invaluable input that can help you with assessing an offer and determining if it is the best one you could possibly get. The realtor will also make sure the purchase agreement provides protections that you need.

Declining a Showing

In an ideal situation, your home will sell quickly after holding one open house. However, it is possible that your home could take a few weeks or longer to sell. During that time, you and your family might feel inconvenienced by the requests for tours and choose to decline on some occasions.

Although it is important that you and your family feel comfortable in your home, it is also important that the home sells. The only way to get potential buyers to make a bid is to actually show them the home. Remember, if you turn away a buyer, he or she might decline to return for a showing that is more convenient for you.

Poorly Assessing Offers

One of the biggest obstacles that stand between you and the chance to make a profit on your home is you. If you have unrealistically evaluated your home and miscalculated its worth, any offer that you receive might not seem like enough.

In reality, the offers that you receive are the best you can get and turning them away could jeopardize your chances of selling. Before declining an offer, talk to your real estate agent. He or she can help you decide if what you are receiving is fair and even help you pinpoint ways to possibly get a better offer.