We buy houses in Washington DC. As local home buyers, we have worked with agents when selling our flipped homes. If you are thinking about selling your home in Washington DC with an agent, make sure you read this blog post that reveals 4 mistakes you should avoid when listing when an agent in Washington DC…
#1 Don’t Assume That You Can Sell Right Away
The market varies and can even shift from one day to the next, depending on a number of factors. So make sure you set realistic timelines about how long it will take to sell.
If you are a seller looking to hire a real estate agent to sell your home, assume it will take months for the sales process to be completed – from fixing up the house to showing buyers to negotiating to setting a closing date to moving out. If you are an agent, be careful not to over-promise a timeline to your sellers – set their expectations.
#2 Don’t Assume That The Asking Price Will Be The Selling Price
The asking price is the starting point in the sales process – it establishes what a seller wants to sell for.
If you are a seller, realize that the actual selling price might be different than the asking price. If you’re an agent, make sure you explain this to your sellers.
If you aren’t in a rush to sell, you could offer owner financing for part of the transaction or the entire transaction. This would allow you, the seller, to receive your asking price made in payments over a time period you specify.
#3 Don’t Assume All The Money Goes Right Into Your Pocket
Some people make the mistake of assuming that the selling price (minus anything they owe on their mortgage) is pure profit. But this is not true.
If you are a seller, make sure you know that there will be agent commissions, closing costs, and other fees you’ll have to pay. If you’re a real estate agent, make sure you explain to your customers.
#4 Don’t Assume That The First Offer Will Go Through
Buyers often make offers with contract contingencies. Many times a buyer will discover that they can’t get financing from a lender causing the sale to fall through. Another common reason offers fall through is the home fails the home inspection. Any contingency written into a contract from the buyer is there to protect them if they decide they don’t want to buy your house after all.
If you are a seller, be prepared to have one or two buyers fall through before a buyer can be found. If you’re a real estate agent, prepare your sellers ahead of time by explaining this so they can be ready in case it happens.
Whether you’re a property owner looking to sell, or you’re a real estate agent who is representing sellers, these are 4 common mistakes that can happen during the sales process – make sure to do your due diligence ahead of time. Another option worth exploring is to sell your house off market without a real estate agent.
We Buy Washington DC Houses
We buy houses in DC. As local cash home buyers, we fast forward through the agent process. No fees. No commission. No open houses. No formal inspections. The House Guys use a faster, better, simpler way to buy your home in Washington DC no matter your reason for selling your home. The House Guys keep it simple. We are happy to answer any questions, so feel free to give us a call at (571) 207-5171. If you are ready to receive cash for your house, fill out our form below to get started on your cash offer. Come check us out!