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Three Common Mistakes Made By Home Sellers

and How to Avoid Them


1. Not Preparing Your Home To Look Attractive To Buyers. Your home is competing with more than 1,000 other homes. Buyers buy on emotion, not logic. The best marketing program in the world can only bring lots of buyers into your home – it can't make them like the home. See our "How to Show Your Home" report.

2. Not First Obtaining A Qualified Bank Appraisal And Commitment For Financing From A Home Lender. How would you feel if your home sold for $106,500 and then you find out from the bank appraiser that it was worth $116,000? In today's real estate market, this happens often! Your home will have to be appraised by a state licensed bank appraiser sooner or later. Sooner can result in several extra thousands of dollars in your pocket.

Bonus: Buyers are afraid of paying too much for a house. That's why they often make low offers. A certified bank appraisal helps you sell for full price because the buyer can see that a professional third party established the price.

3. Not Obtaining Written Pre-Approval For A New Home Loan For Your New Home. Nothing is more heartbreaking than to sell your home and find your new dream home, only to find that you can't obtain financing for the dream home.

A written pre-approval is a formal written promise by a home lender to make you a new home loan. Do not confuse a verbal pre-qualification with a formal written pre-approval. Verbal pre-qualifications are just that – verbal. They are not binding on the home lender. Many homebuyers have received verbal pre-qualifications, only to later be denied a home loan and have their dream shattered.

I'd be more than happy to provide you with a formal, written pre-approval at no charge.

 


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