Reason to be cautious when selling your own home
Posted by Dennis DeSouza on Monday, May 31st, 2010 at 7:51pm.
Most home owners have contemplated doing a for sale by owner and avoiding a real estate agent’s commission homeowners should be aware of the challenges of selling your own home.
Many clients have hired me after losing valuable time and money attempting to sell their San Diego home on their own. What may seem like a fairly simple process, can become a frustrating and potenitally costly undertaking. Below are some of the areas of concern that you should be aware of when attempting to sell your own home.
1. Marketing that does not work.
Most San Diego homeowners simply do not have at their disposal the necessary resources to effectively market their own home properly. Working with an experienced San Diego County real estate agent, usually means your home will be exposed to a large group of potential buyers, both through digital and print advertising, virtual tours, and online listing portals.
2. Making sure your home is priced right.
To sell your home for the most money, pricing your home correctly is of uptmost importance. Many home owners who try to sell their own homes price too high, resulting in their home sitting on the market for a very long time with little activity. When a home sits on the market for an extended periodof time ti unfortuantely aquires what I like to term "age condition" where buyers and other Real Estate agents begin to question why the house has not sold. The first conclusion all come to is that there is something wrong with the house. This usually is not the case but a common problem with overpriced homes.
3. Not having all your documents.
With all of the new documents needed in today's transaction most home owners will simply not have all the documents they need often leading to legal nightmares after the transaction as well as risking having a sale fall apart.
4. Potential legal liabilities
Not knowing the legal issues including proper disclosure can become a real issue for homeowners. Most home owners are not up to speed with all of the legal issues and ramifications that come with selling a home. Hiring an experienced San Diego agent will help reduce this risk significantly.
5. Wasting time with buyers who cannot obtain a mortgage.
In today's tough mortgage market many buyers cannot qualify for a mortgage or worst yet they get a "pre qual" letter from a lender that is very different from a commitment letter. Most "pre qual" letters are not worth the papaer they are printed on. Most experienced Real Estate agents can sniff out the difference between the two fairly quickly.
At the end of the day most home owners would have saved themselves a ton of aggravation and actually saved money by hiring an experienced San Diego Real Estate professional. If you would like have a no obligation, hassle free consultation please feel free to email me at: Dennis@SellingSD.com or call me directly at 858 344 4068.
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