make sure your contract dictates what happens to the funds if the transaction doesn’t close.
Forgetting to Cancel/Switch Utilities and Insurance
Many sellers overlook notifying utilities that they are moving or applying for utility service at their new home. Call the utilities and your insurance company as soon as a contract is signed. Find out how many days’ lead time they need to switch or cancel, then get back with them when you have a firm closing date.
Letting Emotions Take Over
Keep calm throughout the selling process, especially during and after a house inspection. Be practical and presume that issues will arise. It’s not uncommon to have to pay for some repairs. Don’t let the buyer’s request to complete a minor repair kill the deal. On the other hand, don’t commit to fixing anything in advance (e.g., “Sure, we can put on a new roof ”), unless you are sure you can manage it emotionally and financially. Determine the kind of repairs you can practically take care of, then commit to that decision. Some repairs can become unmanageable and could cost you big money. When it is a strong seller's market, buyers will often waive their ability to request remedies that come up on the home inspection. This simply means that while they will likely still do a home inspection, they won't be asking you to fix anything or to lower the sales price. When considering multiple offers on your home, this is certainly an important aspect to consider as an offer that is waiving remedies will remove the potential headache of dealing with a picky buyer that wants everything to get fixed. When selling my own home, I had the buyer request that I replace the HVAC filters! While I wanted to tell them that they
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