One of the most frustrating things that can happen to a homeowner trying to sell a home is to have the home go under contract and then have the deal fall apart. Unfortunately, this happens fairly regularly. While there are a lot of reasons this may happen, there are a few things you can do to ensure that the sale of your home goes through smoothly. It may require extra time and extra money, but you’ll be able to avoid some typical problems that may arise with serious buyers.
Get a Home Inspection
If you haven’t had your home inspected for a few years, it may be time to hire a professional inspector to come over and make sure your home is in good condition. One of the most common reasons a home purchase falls apart is due to home inspections that reveal a major issue with a home’s structure or systems. If you get an inspection in advance, you will be able to determine if there are any issues you need to fix before putting your home on the market. This will prevent any surprises and setbacks in the selling process.
Fix Things That Need to Be Fixed
If an inspector finds structural problems or system deficiencies, it may be worth it to you to fix those things. It’s true, you may be able to sell your home without fixing cracks in your foundation or something similar; however, that type of thing may cause you to get lower offers. Likewise, fixing small structural issues can bring you in really good offers. Buyers usually don’t want to have to deal with fixing structure or systems if they can avoid it. So if you have an outdated air conditioner, it’s worth replacing it in order to avoid losing potential buyers or getting lower offers. Your inspector and real estate agent can help you determine which things you should invest money in to make your home presentable to potential buyers.
Get Your Home Appraised
After your home has been inspected and you’ve updated or fixed the things that have been recommended by professionals, you should consider getting an appraisal. While your Realtor can help you understand what the current market value is based on market analysis, a home appraiser can help you pinpoint how lenders will evaluate your home. It’s not uncommon for an agreement to fall through because a home is priced much higher than it can be appraised for. If an appraisal is near what you want to sell your home for, then your agent can tell potential buyers that the home has been appraised and that the selling price matches that appraisal.
Doing these three simple things will ensure that your home is ready to get the best possible price on the market.