Sellers often tend to take negotiations too personally and become offended if the prospective buyer makes repair demands or asks for credits. Keep your ego out of the transaction and let your smartness come into play during the negotiation.
NOT DISCLOSING ADEQUATELY
If you choose to sell the home without making repairs to systems or structures (i.e., a leaky roof, a rusty hot water tank, or non-compliant electrical work), ensure that you disclose all maintenance and repair issues. You could be liable for problems you did not disclose, even in an “as-is” sale. Importantly, this will help you save money and time if the buyers end up discovering the problems themselves, and you must deal with them during the closing.
NOT FOLLOWING THE TIMELINE P G THE TIMELINE PERFECTL ERFECTLY
Sales that are timed for financing or tax purposes that miss the timeline even by a single day can cost you extra in taxes or other costs. Therefore, missing a day can mean losing dollars. You should schedule the deal after consulting your accountant well in advance to determine if any tax breaks can be applied to long- term capital gains.
NOT CONSIDERING CLOSING COSTS
During closing, you are likely to incur a list of fees and expenses. By overlooking this fact, home sellers lose thousands. It is necessary to review the estimated closing costs with your real estate agent. If you ignore this step, you will not be eligible to benefit from any credits or discounts on the closing day.
NEGLECTING TO SECURE THE H ECURE THE HOUSE
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