9 DEADLY MISTAKES HOME SELLERS MAKE – #8
Selling the most expensive asset that most families own is serious business, not something to be taken lightly. It can be a highly stressful process and costly mistakes are easy to make. In order to net the most from the sale it takes careful planning and some work on the seller’s part.
Based on our years of first-hand experience, we have compiled a list of the 9 Deadly Mistakes Home Sellers Make to help home sellers avoid them. As the old proverb says, “forewarned is forearmed.”
A copy of the list is available at no charge to anyone who requests one by e-mail. Send your request to: Mike@SellYourVilla.com
DEADLY MISTAKE #8 – Not planning your move early enough
Most sellers simply don’t plan their move early enough and then feel totally overwhelmed at the time they have to move out of their home. As with most things in life, planning ahead enables you to complete the task with less stress and, often at a lower cost.
One of obstacles to selling most homes is that they are frequently jam packed with treasures, gathered over the years. Although those treasures are of considerable importance to you, the seller; a potential buyer usually sees them as needless clutter. They take up room, making the home seem smaller, and detract from the overall appeal of the home. Packing away your treasures when you list your home for sale serves two purposes. First, it helps you maximize the appeal of your home and makes is look larger. Second, it helps as the first step of the moving process. Items packed when you list the home will not have to be packed at the last minute before you move.
If you have the luxury of selecting the time of year that you will move try to avoid the summer months. That is peak-season. Costs will be higher and availability of service providers limited. Also consider that the first and last few days of the month are also extra busy.
Keep a record of all expenses related to the move, some or all may be tax deductable. Compile l list of all items that you will move, room by room. This will help you establish an amount that you will have to declare as the value of your belongings. Try to include the year purchased and purchase price of expensive items. This will help with insurance if needed. The use of a video camera may be helpful here. A slow pan of all items, room-by-room may prevent you from forgetting important items and help with insurance claims if the items end up missing of damaged. Make a separate inventory of high value items such a jewelry, antiques, art, cameras, crystal, china, firearms, electronics…etc.
Note that unless you have been given a binding moving estimate where a firm cost is established in advance, the exact cost of a move can not be determined until after everything has been loaded into the truck and the truck is weighed. The charges are usually based on the loaded weight of the truck less the empty weight of the truck. The total cost of the move will include transportation charges, declared valuation charges plus any extra charges for special services performed. All of these charges are basked of tariff rate schedules.
It makes no difference if you are in El Dorado Hills, Folsom, Cameron Park or any other city or town in California, or in any other state. The same rules apply. If you are considering selling, contact your Realtor today!
If you have any questions or want to put your home on the market call today: (916) 337-0658. You will get a no-cost market evaluation and suggestions on how best to maximize your selling net!
NEW HUD WEB SITE
HUD (the Department of Housing and Urban Development) has just rolled out a new web site. This site provides users with housing and economic data for the entire Country, and users can drill down to their local “marketing area” for details.
The information provided is a compilation of data from the Census Bureau, Labor Department, state and local government agencies and HUD’s field economists. Maps are included to help improve functionality. It is easy to use.
We highly recommend a visit to this site. The data provided can help you better understand what is happening in your local area.
The web site address is: http://www.HUDuser.org/portal/regional.html