Questions to ask when selling your home

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Real Estate

Selling your home can be a stressful situation, fraught with unknowns and sometimes feeling like one step forward, two steps back to the finish line. However, there are a few questions you can ask of the buyer initially which will help smooth the process.

                Has your Buyer been approved for a mortgage in writing?  As a homeowner, you already know that a full approval will only come after the Buyer has updated their financial records and there has been an appraisal done on your home. But if the Buyer hasn’t already been preapproved or prequalified, there is no guarantee that they will be able to receive the necessary financing—which means wasted time for you, and a loss of other potential buyers who look elsewhere while you are waiting.

                Is your Buyer also selling a home?  If the Buyer has just sold their home, they may be looking for a quick closing. Conversely, if they are waiting for their home to sell before they can complete the purchase on yours, that leaves you in a holding pattern. Both options will affect your timeline. Do you have the flexibility to wait until their home sells? Or do you need the sale of this home in order to close on your next home? Being up front with one another can help alleviate frustrations and stress when it comes to closing dates.

                Has the Buyer reviewed and approved your disclosures?  You have made your list of selling features, items included in the sale of the home, and less-than-ideal items around the house that need to be taken into consideration—and none of them should be dealbreakers if the Buyer is making an offer. However, the Buyer may decide they want an additional inspection done on certain items listed. If so, make sure you have a firm deadline for those inspections to be done. Otherwise you may find that the Buyer is requesting an extension because the inspections weren’t taken care of during their due diligence period.

                Being as prepared as possible goes a long way toward making the sale of your home easier. Always make sure you are working with a local Pooler Realtor®   you can trust who can be with you every step of the way. Call today for a consultation with an agent who is familiar with Georgia Association of Realtors Contracts!

 

 

 

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Michelle M Tucker | !Daley Real Estate | GA Real Estate License #297541