Top 10 Mistakes Real Estate Sellers Make
Colin Delaney July 4, 2012
Colin Delaney July 4, 2012
Here are the Top 10 Mistakes Real Estate Sellers Make, especially in Costa Mesa:
These are easy to make mistakes in when selling your home, but now that you have seen the list you should be prepared. In my years, I have actually seen all of the items on this list come into play. The little items, like number ten, when a seller forgets to exclude attached fixtures (think about that precious antique chandelier in the kitchen that your Aunt Mable gave you) don’t often hurt as much, and can usually be worked out.
The big ones can really hurt you – like #5. You have got to verify that the buyer can perform and bring the downpayment that he says he can. There is no point getting your Costa Mesa house into escrow without knowing that the buyer can actually close the deal. If you do, you will have spun your wheels for more than 30 days and probably missed out on another opportunity to sell the house to someone who can actually perform financially.
Top Ten Mistakes A Seller Can Watch Out for in Costa Mesa Real Estate
Financially, # 4 can hurt you as a Costa Mesa seller as well. A long, protracted escrow is ok, but what if the buyer fails to perform at the end? Then what? You can keep the earnest money deposit if all conditions are met, but what if the buyer only puts down $1000? Is that enough to be off the market for 6 months?
You always hear about location, location, location when buying, but when it’s time to sell it is always disclose, disclose, disclose.
As big as those mistakes are financially, # 6 can hurt you as a seller even more. What if there was a murder in a house, and you as a buyer never knew about it from the seller? And the seller had knowledge of the murder. Would that affect the desirability of the property? You bet. Be sure to disclose anything and everything you know about a house, otherwise your Costa Mesa sale might cost you more in court and legal fees than you earned in selling it!
Need help selling your Costa Mesa real estate?
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Call Colin at (714) 743-9882 or e-mail me.
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Colin’s commitment to getting sellers top dollar and securing the best deals for buyers is backed by a proven track record and extensive local knowledge.
