Bernie Stephan, Eco Realty - Downsizing Your Home for Retirement

through. In some states, earnest money will go directly into an escrow account.

MISTAKE #10. LEADING WITH EMOTIONS

Finally, one of the biggest mistakes that sellers make—particularly long-time homeowners in the process of downsizing—is allowing emotions to take over. It’s understandable; this has been your family home for years, filled with wonderful memories. But you need to set your emotions and attachment aside and remain calm, cool, and collected throughout. This is especially important during the home inspection, during which time you need to have realistic expectations. For instance, don’t let an interested buyer’s demands for a small repair kill the deal. Remember that this is a business transaction—and to allow your real estate agent to guide you—and you’ll have a much more successful selling experience.

Key Takeaway:

You’ll have a much easier time selling your home for the best price in as short an amount of time as possible if you avoid the common mistakes that many sellers make during the home- selling process. Hiring a professional real estate agent can help you avoid these pitfalls and have a successful home-selling experience.

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