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What to do if you have a problem when selling your home?

Writer Rachel Acosta

Any problem will be uncovered during the buyer’s inspection. You have two options to deal with any issues. Either fix the problem ahead of time and price the property below market value to account for it. Alternatively, you can list the property at a normal price and offer the buyer a credit to fix the problem.

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Do you think of yourself as a seller when selling your home?

Once you decide to sell your home, start thinking of yourself as a businessperson and salesperson rather than just the homeowner. In fact, forget that you’re the homeowner altogether. By looking at the transaction from a purely financial perspective, you’ll distance yourself from the emotional aspects of selling the property.

Is it easy to get emotional when selling your home?

It’s easy to get emotional about selling your home, especially your first one. You spent a great deal of time and effort to find the right one, saved up your down payment and for your furniture, not to mention creating all the memories. Many people have trouble keeping their emotions in check when it comes time to say goodbye.

What’s the best way to sell your home without a realtor?

You can minimize some of these costs by skipping the real estate agent, selling your home to an iBuyer like Opendoor, or selling your house as-is (without any repairs or staging). Keep in mind, though, homes that require lots of repairs will probably take longer to sell (and sell for less cash).

Why does it take longer to sell a house when there are fewer buyers?

Because fewer buyers are likely to be looking, it may take longer to sell your home, and you may not get as much money. However, you can take some consolation in knowing that while there may not be as many active buyers, there also won’t be as many competing sellers, which can sometimes work to your advantage.

Do you need to make repairs when selling house?

Because the home is being sold as-is, you won’t need to worry about making any repairs before closing, whereas it’s common for traditional buyers to request repairs as part of their home inspection contingency.