Likely, prospective buyers will offer less or demand a credit for the expense of the repair work that needs to be done before the deal closes. Experts say clutter is the culprit that eats at the equity and kills deals. Decluttering your property can create a sense of a spacious home. Clearing off the kitchen countertops, overflowing closets, and filled shelves in the den doesn’t cost much, but brings ample reward. Clear the home of all unwanted things. Completely declutter the home immediately, before listing.
NOT DISCLOSING ADEQUATELY
Where you choose to sell the home without making repairs to systems or structures (e.g., leaky roof, rusty hot water tank, or not-to-code electric), ensure to disclose all maintenance and repair issues. You could be liable for problems you didn’t disclose even in an “as-is” sale, and 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 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 need to schedule the deal after consulting your accountant well in advance to find out whether any tax breaks can apply for long- term capital gains.
SELLING BEFORE GETTING QUALIFIED YOURSELF
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