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- Selling a home is the largest transaction most people will ever take part in, and it's usually the most complex one as well.
- By failing to properly plan for the home-selling process, including the careful selection of the professionals who will assist, home sellers risk losing thousands.
- These are some of the mistakes many homeowners can make during the long, complicated process of selling a residence.
Selling a home is a big deal. With the median home value in America standing at $223,900 as of December 2018, according to Zillow, even homes on the lower end of the price scale represent major assets.
And if you make mistakes during the home sale process, you stand to leave major money on the table - or, more accurately, to hand it over to the new buyer and the agents involved in the sale.
In order to sell your property, you need to be objective about everything. Yes, this is your home and you love the place, but once it's time to sell, it's a financial asset - you'll always have the memories; now it's time to think of the money.
Before you list, there is a lot of work to do, from making sure everything in the home is up to code, there are no liens in place, that you have plans in place for the move and for housing after the sale, and that you know with whom you'll be working during the process.
There are a lot of ways to mess up during the home sales process. Here are six common ones that I've encountered or observed, which, hopefully, won't be an issue for you.