Short Sale in Addison:Common Seller Mistakes

For many short sale sellers, a short sale in Addison can be the way out of a

Considering short sale in Addison to avoid foreclosure? Read on to find out common mistakes.

poorly financed home. They may have fallen on tough times or just can’t pay back their mortgages due to insufficient wages. Whatever the reason, Short sales in Addison have helped millions of home owners, home buyers, and home financiers make their lives much easier during the recession. However, there are some common seller mistakes that must be avoided when a property is sold during a short sale in Addison. Here’s some of the most common seller mistakes that are made during a short sale.

 

Choosing an inexperienced real estate agent.

One of the most common mistakes that sellers make during a short sale in Addison is choosing an inexperienced real estate agent to sell their property. An inexperienced real estate agent can catastrophically ruin your chances of getting the best deal during a short sale. Be careful choosing your short sale agent. Many of them advertise that they are experienced in selling properties during a short sale in Addison. However, they may have only sold a handful of properties and have a poor satisfaction rating from other sellers. Do your research on your real estate agent that specializes in short sale in Addison and you can avoid this common mistake.

Be informed of what your short sale implies.

Another problem of short sale in Addison usually occurs after a short sale has been completed. Many sellers are anxious to sell their foreclosed properties and move on with their lives. However, many buyers fail to realize that a lender can request that you pay the difference between what the property sold for and what you owed on the mortgage. It is absolutely important for a seller to comprehend whether the lender agrees to waive the deficiency of the loan or mortgage or wants you to pay the difference of the mortgage. Understand this concept before you decide to short sell your property.

Know what you agree to.

One mistake that many sellers commonly make during a short sale in Addison is that they blindly sign a contract before they even understand what they gotten themselves into. Signing a contract without understanding it is a big mistake to make when a person is selling their home. However, consulting with a lawyer can help any short sale seller make the best contract decision that will give them peace of mind. This enables them to be fully aware of what the contract entails. Finding out about what lies ahead in the contract can save any seller a ton of headaches down the road.

Timing is everything.

The most devastating mistake that a short sale in Addison seller can make is waiting too long to put the property on the real estate market. Like any market, prices fluctuate and change over time. Putting your house on the market at the wrong period of time can mean that you will make less of a profit on your property. However choosing the correct time to sell your home can mean more profits for your property. Sell your property at the right time and you can possibly make the profits you want. Selling your house during a short sale in Addison can be exhausting. However, if you avoid the common mistakes of selling your property during a short sale in Addison, you can then rest your mind and think about how you are going to buy or rent your next property.

Have you already tried to sell your home? We buy houses in Addison because we know how difficult it can be in many cases, including short sale. Please call us now at (214)458-9153. We promise to do everything in our power to fully research your case and try to reach a mutually beneficial deal. Our prices are fair and our policies are sound, backed by countless deals done with homeowners just like you.