Mistakes You Should Avoid Committing Before Selling Your Home

Thailand – March 27, 2016 – There could be many reasons why you may want to sell your home. It could be because of a career advancement opportunity that requires you to move, or because the costs of living in your current home has become too much of a burden for you that is why you have to let it go. But whatever the reason, it is important that before you sell your house, you have already planned everything through.

There are many mistakes that you can commit when selling your home. Sometimes, you would only realize your errors after you have made the sale. To help you out a bit, here are some mistakes you should avoid doing before you sell your house.

  1. Do not sell your home if you’re not yet qualified to buy a new one. Before you sign any contracts with a buyer, make sure that you are first pre-approved by a lender that you trust. It is important that you study and research about the housing market of the area you wish to live in next and how much it would take to replace your home. Plan effectively. Don’t sign any contracts until you are secure that your financial capability is enough for you to qualify for a loan, or if it isn’t you’d be able to set your house’s price at an amount that is advantageous to you.
  2. Don’t make guesses when pricing your home. It is important that you determine your house’s fair market value. To do this, you can order a fair market appraisal. In some cases, your real estate agent will help you with this. Make sure that when you ask for an appraisal, it is an appraisal for the true market value of your house.
  3. Don’t touch the deposit until the deal has been closed. When you are given a deposit, remember that it isn’t fully yours until the deal has been officially closed and the contract signed. You never know when the buyer may back out and ask for the deposit back.
  4. Don’t let your emotions get the best of you. Remember, Pattaya real estate is a very complex industry and therefore you have to keep cool all the time. Don’t make rash decisions.

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