advantage to using a real estate agent is that the agent is a neutral party who will hold the deposit in escrow for you until closing day, and make sure your contract dictates what happens to the funds if the transaction doesn’t close. Texas laws are as big as the great state of Texas. Licensed Real Estate professionals must abide by those laws and have professional promulgated contract forms to assure compliance.
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 an offer contract is signed and during your option period just to make sure you are well within your financial monthly budget. 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. More than likely it was something you weren't aware of and were you to stay you would have repaired it anyway. 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 and timely. 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.
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