Selling a home can be a complicated process without the right help. You need to make sure your house is in the best condition and you receive a fair price for it. Whether you’re selling yourself or using an agent or broker, look here for more information about how to sell your house effectively.
Loan Approval Letter Declined
A seller's potential buyer had a loan approval letter from the bank, that was later declined before the closing of the sale. The seller probably doesn't have any recourse for the sale falling out due to financing. When a lender approves a borrower for the purchase of a home, the lender will generally issue a commitment letter or an approval letter that specifically states the terms of the loan and certain conditions that need to be met by the closing date.
Seller Disclosure Laws
Most states have seller disclosure laws that require the seller to disclose to you material defects that affect the home. If a seller lies to a buyer about a material defect in the home, you can sue the seller to recover your damages. In some cases you can even recover your attorneys' fees in suing the seller.
Sellers Not Required To Attend Closing
In most cases, sellers do not have to show up to the closing. If you're selling, you may be able to sign your paperwork in advance, and give your attorney a power of attorney to close the deal on your behalf..
Home Staging Helps You Sell Your Home For More Money
Barb Schwarz tells Think Glink readers how to stage their homes to sell them for more money. Home staging means homeowners must be worried about the interior, not just the exterior of the home, in order to sell it for more money. Home staging will help you sell your home for more money.
Selling Your Home With Staging
When you're selling your home you want to do as much as you can to make a buyer want it. One great way to make your home ready for selling is to stage it. Barb Schwarz, author of Home Staging: The Winning Way To Sell Your House For More Money discusses staging tricks for how to best put your house on the market. Learn home staging tips she shares with real estate professionals at a staging boot camp.
Zoning Revisions May Change Builder’s Interest In Property
It's important to know how your land is zoned when you want to sell it. A land's zoning affects what can be built on the property as well as the price that the seller can get. To find out your zoning, you need to contact your municipality.
Buyers Taken Advantage Of Without Agent
Buyers and sellers should be represented by independent agents. In this case, after making a verbal offer on a condo, the sellers raised the price $500 dollars. It may be unethical, but it is not illegal. You may think you'll be able to get a better deal by avoiding the commission of a broker or agent, but you might be setting yourself up to be taken advantage of.
Home Seller Fails To Disclose Significant Problem
A buyer purchased a home and no major problems were disclosed. The buyer later discovered that the pool was leaky, but the seller didn't disclose the problem even though evidence of it was on a water bill. The buyer might have good evidence to sue for seller disclosure.