Critical Slip-ups to Avoid When Selling Your Home

Physician's Money Digest, October 2005, Volume 12, Issue 14

If you've never sold a home before,realizing that it's not as easy as plantinga "for sale" sign in your front lawn andwaiting for homebuyers to stop by youropen house will saveyou time and money.Quite the contrary,selling your home isa very intricate processthat takes great careand planning to properlypull off—just likerunning a medical practice.According to a Bankrate.com article,knowing what not to do is crucial.Although you want the highest offer possible,placing too great a price on your homecan misfire. If you don't get any takers inthe beginning and are forced to bringdown your price, potential buyers may beskeptical as to why you had to reduce. Andhave you considered curb appeal? Givingyour home a welcoming look, especially onthe exterior, is vital for attracting potentialbuyers. Bankrate.com also suggests thatyou maintain maximum communicationwith your agent and with potential buyers.Never withhold information from a buyer,and carefully review the closing statement.