The Anxiety of Selling

Reblogger Roy Giordano
Real Estate Agent with RE/MAX Central, Marlboro, Manalapan, Freehold, Old Bridge NJ

I found this blog and thought it contained some pertinent information concerning the sale of ones home. Some good tips and advice from a fellow Realtor.

Sellers have just as much anxiety over the selling process as buyers do getting their financing and purchasing.

Sellers do not understand that a purchase agreement is not a guarantee their home is sold.  You can outline the selling and buying process yet the reality is never as real until the jolt caused by a lost sale.

Sales can fall apart because of inspections.  The inspection can expose problems in electrical, plumbing or structure.  The required repairs to correct the problem or problems could mean a sale or loss of sale.

This happens when one side or both won't do the completed repairs or compromise.  The required repairs are just that required to meet the purchase agreement.  On the other hand if the buyer loves the property and home...the buyer might allow some of the repairs to slide "if" these repairs are not life threatening.  This means it is not a something like a furnace, carbon monoxide or plumbing, or structural.

Lenders will require certain repairs if the loan is FHA.  A conventional loan is less demanding when it comes to required repairs.  Conventional loans are more about what a buyer requires than lender requirements.

The financial requirements for buyers today are stricter than ever before.  This means as a seller be prepared to meet the repair requirements.  Know in advance what if repairs will be required and the estimates to complete these repairs.

This will help you in your negotiations and keep your sale from falling apart.  Use professionals to point out the expected repairs.  I find that most sellers already know what needs to be done before I mention a word.

Knowing what is coming can greatly reduce the anxiety of selling.

 

For Personal Service, Call:  616-784-2360  EmFlexible Real Estate Options www.FlexitRealty.comailGaryWhite@FlexitRealty.com

Thanks for Stopping by...www.GaryLWhite.com

Gary L. White, Associate Broker
CRS, GRI, ABR, ePRO, AHS, SFR

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Show All Comments
Rainmaker
80,556
Pat Yoest
Century 21 Aadvantage Gold, 702-719-2100 - Las Vegas, NV
702-521-1442

For sure buying and selling is one of the most stressful things you can do

Sep 12, 2010 08:23 PM #1
Rainmaker
1,726,270
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
CRB, CRS, CIPS, GRI, SRES, TRC, e-PRO

Roy

There's a lot of anxiety for the buyers and sellers of real estate, thanks for sharing the re-post.

Good luck and success.

Lou Ludwig

Sep 12, 2010 10:04 PM #2
Rainmaker
1,726,270
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
CRB, CRS, CIPS, GRI, SRES, TRC, e-PRO

Roy

There's a lot of anxiety for the buyers and sellers of real estate, thanks for sharing the re-post.

Good luck and success.

Lou Ludwig

Sep 12, 2010 10:04 PM #3
Rainmaker
341,953
Don Wixom
RE/MAX Advantage Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Hey Roy, great re-blog! Yes, sellers are often times for stressed about selling than a buyer would ever be about buying! Especially with impending foreclosures and short sales!

Oct 13, 2010 09:52 PM #4
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Rainmaker
328,036

Roy Giordano

Top Agent Marlboro NJ, Marlboro/Manalapan Homes
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