Jim Curry - Seller Book

deals. Decluttering your property can create a sense of a spacious home. Clearing o ff the kitchen countertops, over fl owing closets, and fi lled 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 Sales that are timed for fin ancing or tax purposes that miss the timeline even by a single day can cost you extra in taxes or other costs. Th erefore, missing a day can mean losing dollars. You need to schedule the deal a ft er consulting your accountant well in advance to fin d out whether any tax breaks can apply for long- term capital gains. SELLING BEFORE GETTING QUALIFIED YOURSELF Entering a contract to sell your home before you get qua lifi ed to buy another is problematic. Your fin ancial circumstances may have changed since your last home purchase, and you might not be able to qualify for a loan. Or, your current home might not sell for an amount that allows you to buy the replacement house you have your heart set on. You could end up renting or buying something that was far from ideal. and you must deal with them during the closing. NOT FOLLOWING THE TIMELINE PERFECTLY