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Realtor Websites Featured Realtor: |
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Alabama
Maryland
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Top 3 Real Estate NightmaresThese are some of the most annoying and unprofitable things that can happen to you in a real estate transaction. 1. Selling Your Home for Less Than it is Worth "That never would happen to me." Beware, it happens - it is called a "good deal" by the buyer. They will tell all there friends about it for years to come. Make sure that you get every nickel coming to you. How to make sure you get what is yours: Make sure that whoever prices your home is VERY good at pricing to sell for maximum profit (not too high and definitely not too low). Do not decide on the price yourself unless you sell property often in your neighborhood/city. There are always real-time market trends that will affect your price and could mean that extra $10,000 or $100,000 in your pocket. 2. Owning Two Homes for an Extended Period of Time Bridge loans and borrowed money from parents can sometimes be the start of a very unpleasant, unprofitable and stressful experience. Be sure that you are not overconfident in how fast your existing house will sell or the price it will sell for. Nationally, thousands of people experience this nightmare every year. How to sidestep the stress: Don't get your ego involved when you are evaluating how "great" your house is. Make sure you get very objective advice from a Realtor that has an outstanding track record (not just a friend or someone you know socially). $5,000 a month over 6 months is $30,000...not to mention the sleepless nights. 3. Being Locked into a Listing Agreement with a Realtor that is not Showing your Home Talk about frustrated. Your home is not selling and you do not see any
"action" - no potential buyers coming through your home. First, only list
your home with someone that is truly a pro. A few agents move the majority
of property in your neighborhood. Find a Realtor who is included in this
small group and hire them. This will greatly reduce your risk of finding a
great house to move to and not having yours sold so that you are able to
make an offer. Go with a pro for a few months (3-6). And, never sign on for
six months to a year with someone wet behind the ears. You are just begging
for trouble no matter how "nice" they are. About the AuthorPaul Gorney is a National Real Estate Expert and writer who specializes in real estate topics such as Fripp Beachfront Property.
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New Hampshire
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