There are commissions, taxes, and a whole host of fees you’ll need to pay. Do the math ahead of time so you’re not surprised when you get to the closing table. Knowing what’s coming will help you plan better. 14. Spending Earnest Money Remember that earnest money you received with an offer? Don’t spend it! If the deal falls through for any reason (financing, inspection issues, etc.), the buyer has a right to ask for it back. Leave that money in escrow and don’t even think about using it until the deal is closed. 15. Forgetting to Cancel/Switch Utilities and Insurance Don’t forget about utilities and insurance when you sell your home. Call the companies to switch services to your new home, or cancel them when necessary. It’s one of those easy-to-forget tasks, but a costly mistake if you don’t take care of it! 16. Letting Emotions Take Over Selling your home can be emotional, but don’t let that get in the way of the sale. If a buyer asks for repairs, be practical. Don’t get all worked up over a leaky faucet. On the flip side, don’t commit to major repairs unless you’re absolutely certain you can handle it emotionally and financially. The Takeaway Selling your home is a big deal, but avoiding these common mistakes can make all the difference. Be strategic with your pricing, don’t get emotional, and make sure you’re working with a knowledgeable real estate agent who knows what they’re doing. Now go out there, and sell that house—but do it smartly, not sloppily! Happy selling!
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