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    The MOST DIFFICULT Thing About Selling Your Home (not what you think)

    Key Takeaways The most difficult thing about selling your home is not what you think Many times, an offer gets accepted,...

    • Amit Bhuta
    • January 24th, 2018
    • 5 min read
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    Key Takeaways

    • The most difficult thing about selling your home is not what you think
    • Many times, an offer gets accepted, and the sale never closes
    • There are numerous things agents can do to increase the chances of the sale closing

    So, your home has been on the market for a bit. You've decluttered it, kept it clean, and adjusted your daily life about every other day so that potential buyers could take a look at it.

    WOO HOO!!!!!  A family fell in love with your home, and after much negotiation, you have accepted an offer on your home.  🕺💃 You just finished your happy dance and are ready to pack your stuff and move to your dream home.

    DON'T PACK YOUR BAGS YET

    If you thought the hardest part about selling a house was getting an accepted offer, you're definitely in for a surprise. That's actually the easiest part of selling a home. The most difficult thing about selling your property is ensuring it closes. More and more homes nowadays have accepted offers on them, and they never close.

    The worst thing about the sale not going through is that this can be prevented many times. Although it's impossible to make sure that every accepted offer closes, below are some things that can be done to prevent a sale from falling through. 

     1) Don't be so excited when you receive an offer. Take a day or two to review the offer's pros and cons. When the time is taken to do this, usually emotions won't sway the decision being made. It also makes it clear to the buyers that you are considering their offer carefully.

     2) GOOGLE the buyers. Since this is probably one of the biggest business transactions you will be making, it only makes sense to know who you are dealing with.

    3) If the buyer is paying cash, make sure to get a current bank statement from the buyer to show that the buyer has enough funds for the purchase in a US financial institution. Many times, agents will get a statement that is a couple of months old, or they won't know where the funds are coming from.

     4) If the buyer is financing, ask for permission from the buyer to let your agent speak with the lender about the approval. If possible, get a more thorough pre-approval, sometimes referred to as a DU (Desktop Underwriting) approval.

     5) Make sure to get a current bank statement from the buyer to make sure the buyer has enough funds in his/her account for the downpayment and closing costs if they are getting a loan.

     6) Once an offer is accepted, have your agent create a calendar with all the important dates of the transaction. Ensure all parties involved in the transaction (buyer, seller, real estate agents, lender, title company, attorney) go through it and agree with the specific dates. That way, everyone is on the same page, and there are no surprises in the future.

     7) Have your listing agent continuously follow up with the other agent, lender, and title company/attorneys to make sure everything is on track.

    Besides the above, there are many other things that high-quality agents do to maximize the seller's chance of ensuring the sale closes. When interviewing agents to work with, make sure to ask the Realtor what he/she does to get you to the finish line of the transaction.

     AMIT BHUTA 

     COMPASS 

    LICENSED REAL ESTATE AGENT

     

    (305) 439-3031  MOBILE

     [email protected] 

    The ULTIMATE Miami Neighborhood Guide

    “Our home, priced at $1,225,000 was on the market for ONE YEAR with a local realtor without any offers...... the team sold it in 34 days at a price we were very happy with.” 

    - Alicia Sandoval

    “His high-end, digital marketing for sellers is truly cutting-edge and worlds ahead of the competition. Amit also offers hands-on buyer services that are the best you will find in the Coral Gables area. Hire him for all your real estate needs!”

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     Who are we? 

    We are the ALL IN Miami Group out of Miami. 

    We are Colombian, Filipino, Cuban, German, Japanese, French, Indian, Irish, Syrian, and American. 

    We are Christian, Hindu, and Jewish. 

    We are many, but we are one.

    We sell luxury homes in Miami, Florida. 

    Although some of our clients are celebrities, athletes, and people you read about online, we also help young adults find their first place to rent when they are ready to live on their own. 

    First-time buyers? 

    All the time!

     No matter what your situation or price range is, we feel truly blessed and honored to play such a big part in your life. 

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    About the author

    Amit Bhuta

    (305) 439-3031
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    I use non-traditional marketing to inspire the most motivated buyers to pay the max for Miami luxury homes. Besides selling real estate, I love tennis, sports cards, NFTs, my family, mental health awareness, and HIGH-calorie foods 🤷🏽‍♂️

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    ALL IN Miami Group | Compass | 305.439.3031

    2550 S Bayshore Dr, Suite 106, Miami, FL 33133

    (305) 439-3031
    [email protected]

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