Dos and Don'ts for Buyers and Sellers


Buyer Dos & Don'ts

Do-Get prequalified. It really only takes a little time and you can’t submit an offer without it!

Don’t-Quit your job or decide to change jobs prior to closing. Lenders frown on that decision. It could cost you the mortgage approval.

Don’t-Make any big (financed) purchases after you apply for a mortgage, i.e. new car, new credit cards. This is a no-no.

Don’t-Check your credit or credit score often. This drives the score down. Let your lender check it out. Low scores equal no qualification or higher interest rates.

Do-Assume there are cameras. Many homes have security cameras or baby monitors that can record or watch you during the showing. Watch what you say!

Don’t-Trust Zillow zestimates. They are automated computer generated values. You need an agent to do a market analysis to determine value.

Do-Inspections. Don’t try to cut costs by foregoing any inspections. They are the buyer’s expense but well worth it. A home inspector could discover a costly malfunction, or defect that you may regret not negotiating during the deal.

Seller Dos & Don'ts

Do-Disclosure any defects on the Property Disclosures. If they’re disclosed upfront they’ll be no surprises at the home inspections that lead to possible repairs or credit to the buyers.

Do-Clean the house. Seems simple but it's sometimes ignored. It is worth is to hire a professional to deep clean before you put your house on the market.

Do-Clean the yard of debris and clean up the landscaping. Curb appeal speaks volumes. Most buyers will do a drive-by before asking to see the house.

Don’t-Stay home during showings or open houses. The potential buyers need to feel themselves in the house not be uncomfortable with the owner lurking.

Do-Protect your valuables by either locking up or removing from the house.

Don’t-Trust Zillow zestimates. They are automated computer generated values. You need an agent to do a market analysis to determine value.

Do-Depersonalize. Remove family photos.

Don't-Knowingly overprice your house just to see what happens. More times than not it will take longer to sell and you’ll sell for potentially less than you would have if you priced it right from the start.

© 2020 by Judy Meucci

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