Common Pitfalls When Selling Your Home

While selling a home seems simple on the surface, it is very easy to run into a variety of issues that can make your life complicated. While there are some things you can do to make the job easier, not everything can be avoided. Make sure you are well-prepared for the process of selling your home before you get started.

Long Timelines

Despite all the crazy things happening during 2021 with the housing market, it is actually very uncommon to sell your home in a matter of a few weeks using the traditional real estate market. Usually, you can plan on anywhere from 2-4 months for the entire process from listing your home to finishing the closing process. It may also take some additional time beforehand to prepare your home for listing. On the other hand, if you sell your home to a cash buyer, the sale can move much more quickly, even as fast as a week if needed.

Complicated Negotiations

When working with another buyer, there are a lot of things you have to negotiate between the two of you. You want to get the most money, they want to pay the least amount. There may be things about your home that they want you to fix, while you don’t want to spend the money. You also need to negotiate the final move-out date. There can be a lot of back and forth in these negotiations, which is part of why it takes so much time. If you are selling to a cash buyer, they make an offer purely based on home value and there is no need for repairs. You also get to choose the move-out date. Everything is done on your schedule, within reason.

Lack of Financing

Even if you get through the whole closing process, if the buyer’s financing falls through, you will be left without a finalized sale. A smart buyer will have things squared away before they make an offer, but that doesn’t mean that things don’t happen that can throw a wrench in your plans. You are left at the mercy of their financial decisions and their lender to close your sale. If you have a cash buyer, not only is there no financing to deal with, you will be walking away with the cash in hand, ready to buy your next home.

Don’t let the complications that can come with selling your home overwhelm you or make your life difficult. There is always a way to deal with them. Either you can tough it out or you can sell your home to a cash home-buying company and avoid all of the difficulties.

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