Welcome to the UtahFeaturedHomes.com Blog

2010-07-12 11:07:47
Keep Your Home Sale From Falling Apart

After finding a buyer, all you have to do to make it to closing is to avoid these five traps.

If something falls apart before a home sells, the sellers are responsible for fixing it. Image: Alex Wilson/Getty Images

Finding a buyer for your home is just the first step on the homeselling path. Tread carefully in the weeks ahead because if you make one of these common seller mistakes, your deal may not close.

Mistake #1: Ignore contingencies

If your contract requires you to do something before the sale, do it. If the buyers make the sale contingent on certain repairs, don’t do cheap patch-jobs and expect the buyers not to notice the fixes weren’t done properly.

Mistake #2: Don’t bother to fix things that break

The last thing any seller needs is for the buyers to notice on the pre-closing walk-through that the home isn’t in the same condition as when they made their offer. When things fall apart in a home about to be purchased, sellers must make the repairs. If the furnace fails, get a professional to fix it, and inform the buyers that the work was done. When you fail to maintain the home, the buyers may lose confidence in your integrity and the condition of the home and back out of the sale.

Mistake #3: Get lax about deadlines

Treat deadlines as sacrosanct. If you have three days to accept or reject the home inspection, make your decision within three days. If you’re selling, move out a few days early, so you can turn over the keys at closing.

Mistake #4: Refuse to negotiate any further

Once you’ve negotiated a price, it’s natural to calculate how much you’ll walk away with from the closing table. However, problems uncovered during inspections will have to be fixed. The appraisal may come in at a price below what the buyers offered to pay. Be prepared to negotiate with the buyers over these bottom-line-influencing issues.

Mistake #5: Hide liens from buyers

Did you neglect to mention that Uncle Sam has placed a tax lien on your home or you owe six months of homeowners association fees? The title search is going to turn up any liens filed on your house. To sell your house, you have to pay off the lien (or get the borrower to agree to pay it off). If you can do that with the sales proceeds, great. If not, the sale isn’t going to close.

 All information found on http://buyandsell.houselogic.com/articles/keep-your-home-sale-falling-apart/

 
Bookmark and Share
Blog Archive
2012-01-31 13:44:26
6 Easy Ideas for Personalizing Your Bath

2012-01-24 12:12:32
How to Hire a Contractor

2012-01-17 13:19:45
5 Move-In Problem Solvers for Less than $5

2012-01-12 17:01:47
Property Flipping Transaction

2012-01-04 13:59:03
How To Manage your Credit Score

2011-12-07 15:18:35
5 Front Entry Fix-Ups

2011-11-18 09:36:37
FHA Loan Limits Back UP

2011-11-17 11:03:37
JD Power & Associates rates RE/MAX #1

2011-11-10 16:20:24
Local Real Estate Featured Listings

2011-11-08 14:52:17
Tight Standards Make Mortgages Tough to Get

2011-11-01 14:55:06
Tax Cuts and Increases

2011-10-25 15:15:39
New NAHB Index Finds Local Housing Markets

2011-09-22 14:17:02
Fannie, Freddie to Raise Fees

2011-09-21 15:51:49
Factors Affecting the Housing Market

2011-09-20 14:24:49
Builders Call on Congress

2011-06-30 08:28:20
Margaret Kelly, CEO of RE/MAX talks real estate

2011-06-27 14:18:25
Predatory Lending Counseling

2011-06-23 16:10:00
Post-Purchase Counseling

2011-06-22 14:59:39
Mortgage Default Counseling

2011-06-20 15:53:09
Reverse Mortgage Counseling

2011-06-14 13:54:33
Home Buyer Education Counseling

2011-06-13 16:21:45
Pre-Home Ownership Counseling

2011-06-13 16:12:52
Home Buyer Education Class Schedule 2011

2011-06-13 12:57:21
ITT Expansion to create over 2,700 jobs in Utah

2011-05-10 09:01:29
Hobble Creek is Spilling Over

2011-05-02 12:21:27
Gardening Tips for Spring in Utah

2011-02-14 13:45:11
A Strong, Debt-Free Marriage!

2011-02-03 05:21:28
Please donate to help a local Provo family

2011-01-19 14:45:09
Buying a Short Sale

2010-12-01 17:05:12
Get a copy of your credit report

2010-11-19 09:22:54
First Quarterly uptick in median price and lower s

2010-11-17 06:43:51
Who do you turn to for Results?

2010-11-16 18:01:25
Utah Economy in a Minute

2010-11-16 13:43:54
Why Buy New?

2010-10-27 17:52:55
Salem Heights

2010-10-20 17:25:16
Payson Heritage Village

2010-10-07 15:09:28
The Orchards at Santaquin

2010-10-05 11:44:14
Why Buy A New Home?

2010-09-28 10:06:31
Things to Know when Buying Foreclosures

2010-09-22 17:08:43
Choosing a Property Managment Company

2010-09-16 14:09:04
Landscape Tips to Sell Your Home

2010-07-27 13:31:10
Utah County Population

2010-07-26 14:40:04
Vollkommen Construction

2010-07-26 14:32:54
Salem Heights Subdivision

2010-07-23 16:13:43
Great Duplex In Provo

2010-07-23 13:47:11
New Construction in Eagle Mountain

2010-07-23 13:19:41
How Springville Citizens Feel about Springville

2010-07-13 21:44:19
I love a good quote...

2010-07-12 11:07:47
Keep Your Home Sale From Falling Apart

2010-07-06 11:35:07
6 Reasons To Reduce Your Home Price

2010-06-30 11:42:47
7 Tips to a Profitable Home Closing

2010-05-26 11:50:39
How To Prepare Your House For Sale

2010-05-12 11:09:22
What Does HAFA Mean for CDPE's?

2010-05-04 13:19:48
Who is Supporting HAFA?

2010-04-30 10:44:45
How to Apply for HAFA

2010-04-08 17:37:17
Who is Eligible for HAFA?

2010-04-05 11:36:18
Details of HAFA

2010-03-31 16:12:42
What is HAFA?

2010-03-16 12:58:52
2009 RE/MAX Platinum Award

2010-03-11 15:03:10
American Fork, Utah

2010-02-18 17:50:23
Utah Loan To Own Program

2010-02-01 11:34:15
Economic Slowdown Slow to Reach Utah

2010-01-25 14:03:13
Can I Really Afford a Home?

2010-01-08 07:41:16
Program 3648...Mortgage Forgiveness Debt Relief

2009-12-21 13:42:59
Bridge Over Utah Lake Proposal

2009-12-19 07:57:44
Should I Stay or Should I Go Now? Walkaways...

2009-12-17 23:32:44
Is it Ethical to Walk away from my Home? PART 1

2009-12-16 23:57:46
Springville, UT Real Estate Stats

2009-12-11 11:16:49
3 Tips on How To Find Great Real Estate Deals

2009-12-03 08:18:21
Treasury Sets New Short Sale Guidelines

2009-11-28 09:33:47
Luxury Home Open House in Orem

2009-11-27 08:27:40
Helping Families Facing Foreclosure...

2009-11-24 10:29:25
Only 2% Can Buy You a Home...NO M.I.

2009-11-24 10:18:57
Provo Seller Gives Away Profit

2009-11-21 07:21:05
10 Things You Should Know...

2009-11-16 21:27:35
RE/MAX International Relocation Specialist

2009-11-15 19:59:26
Open House Tips that turn 'For Sale' into 'SOLD'

2009-11-13 14:58:10
RE/MAX International Trip

2009-11-13 11:48:40
Short Sale Terms Explained

2009-11-13 11:01:02
Homeowner Affordability Refinance Plan


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.