FAST Ways to SCARE off Home Sellers

As you conclude your home search at the Lake of the Ozarks, you've likely found the PERFECT space for you and your family. Now's the time to get the process rolling! Although it's not a requirement for buyers and seller to see eye-to-eye, it's important that you don't scare a seller with strong buying tactics. After all, the goal is for the sellers and buyers to agree in order to keep the ball rolling with the Lake of the Ozarks house sale. As your trusted real estate agents in Eldon, MO, we've provided some items that you should avoid, when negotiating with home sellers.

No Mortgage Pre-Approval

Although a pre-approval letter is not required to put in an offer on a home, your offer will likely be taken more seriously by sellers if you have one. If a home sale comes down to two offers, the sellers are more likely to choose the buyer with a pre-approval. It's best to have your pre-approval process completed before you even start looking for homes to buy.

Long List of Contingencies

As buyers make an offer, they may include a long list of contingencies in which the transaction depends upon. This can actually lead sellers to steer away from selling to this buyer. Don't overwhelm the seller with many detailed contingencies for the best chance of a successful transaction. An easy way to avoid a long list is to include the inspection as a contingency, that way if something is wrong with the property, the buyers have an out due to the inspection. Some buyers will make an offer contingent upon the sale of their current home. This makes sense in many cases, but be aware this may be a red flag for a buyer who wants to sell immediately.

Too Many Repairs

After an inspection has been completed, the buyer may present a counter offer that includes a long list of repairs that will need to be finished before moving forward. This list can scare off sellers from continuing to work toward selling the home to this particular buyer. Remember to keep your list realistic, if there are repairs that are needed to be complete before you move forward with the purchase of a home.

Changing Lenders Mid-Transaction

A sure way to throw up a red flag for a seller is to change mortgage lenders during a real estate transaction. It's best to shop around and compare rates before entering into a contract to buy a property. The seller may take this as being financially unstable and they may become leery of working with you to complete the transaction.

Now that you know some of the ways to scare off home sellers, you're ready to avoid these tactics. It's best to keep negotiations on a positive note and be good house buyers, in order for the sellers to keep working through the process with you. If you are ready to get started with your home search near Eldon, Missouri, contact us today! Devine & Associates would be pleased to help you find your dream home and work through the entire buying process by your side!

Where Your Best Interests and Our Best Efforts Meet!

                                                                                                                                                                             (573) 392-9900
203 E. 10th St., Eldon, MO 65026
(573) 207-8407
213 N. Main St., Laurie, MO 65037
Follow Us On...


Popular posts from this blog

Featured Property - Hurricane Dolly's Restaurant and Bar

Staging Your Home for a Summer Sale: Indoors

Unexpected Expenses to Prepare for When Buying for the First Time