7 Selling Mistakes You Don't Want To Make!

Written by Madan "Raja" Ahluwalia

7 Selling Mistakes You Don't Want To Make!

Mistake #1 -- Pricing Your Property Too High

Every seller obviously wants to getrepparttar most money for his or her product. Ironically,repparttar 136011 best way to do this is NOT to list your product at an excessively high price! A high listing price will cause some prospective buyers to lose interest before even seeing your property. Also, it may lead other buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price.

Mistake #2 -- Mistaking Re-finance Appraisals forrepparttar 136012 Market Value

Unfortunately, a re-finance appraisal may have been stated at an untruthfully high price. Often, lenders estimaterepparttar 136013 value of your property to be higher than it actually is in order to encourage re-financing. The market value of your home could actually be lower. Your best bet is to ask your REALTORŪ forrepparttar 136014 most recent information regarding property sales in your community. This will give you an up-to-date and factually accurate estimate of your property value.

Mistake #3 -- Forgetting to "Showcase Your Home"

In spite of how frequently this mistake is addressed and how simple it is to avoid, its prevalence is still widespread. When attempting to sell your home to prospective buyers, do not forget to make your home look as pleasant as possible. Make necessary repairs. Clean. Make sure everything functions and looks presentable. A poorly kept home in need of repairs will surely lowerrepparttar 136015 selling price of your property and will even turn away some buyers.

Mistake #4 -- Trying to "Hard Sell" While Showing

Buying a house is always an emotional and difficult decision. As a result, you should try to allow prospective buyers to comfortably examine your property. Don't try haggling or forcefully selling. Instead, be friendly and hospitable. A good idea would be to point out any subtle amenities and be receptive to questions.

Mistake #5 -- Trying to Sell to "Looky-Loos"

A prospective buyer who shows interest because of a "for sale" sign he saw may not really be interested in your property. Often buyers who do not come through a REALTORŪ are a good 6-9 months away from buying, and they are more interested in seeing what is out there than in actually making a purchase. They may still have to sell their house, or may not be able to afford a house yet. They may still even be unsure as to whether or not they want to relocate.

Your REALTORŪ should be able to distinguish realistic potential buyers from mere lookers. REALTORŪs should usually find out a prospective buyer's savings, credit rating, and purchasing power in general. If your REALTORŪ fails to find out this pertinent information, you should do some investigating and questioning on your own. This will help you avoid wasting valuable time marketing towardsrepparttar 136016 wrong people. If you have to do this work yourself, consider finding a new REALTORŪ.

Simple Tips For Getting Your Loan

Written by T. O' Donnell

So, you want to get a loan?

Here are some simple tips that will help you make an informed decision about what kind to get, and who to get it from.

First ask yourself: do you really need it?

Can you manage without it? Is it for something frivolous, like a holiday? Could you getrepparttar money by other means: part-time job, from a relative,repparttar 135913 sale an asset?

Don't put a monkey on your back if you can avoid it.

A loan varies according to:

The amount borrowed;

The interest rate;

The type of rate (fixed or variable);

The term (repayment time in months or years);

Deposit (downpayment);

Associated fees (broker, origination, prepayment etc.);

Insurance required byrepparttar 135914 lender.

You are buying money for more than it costrepparttar 135915 lender. Simple.

It's a mistake to only care aboutrepparttar 135916 interest rate; there are also arrangement fees and prepayment penalties to consider. Many 'no fee' credit lines have a pre-payment penalty. This is how brokers and lenders make their money. Work outrepparttar 135917 total cost of your loan before committing.

To ensure you getrepparttar 135918 best terms, keep your credit-line as small as possible. Loan officers tend to countrepparttar 135919 total line of credit available as a liability. Pay off small debts beforerepparttar 135920 due date. Cancel credit cards you are not using. Consider their interest rates and fees, when deciding which cards to keep.

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