Let’s take a look at 5 things you should never pay for out of pocket when selling a house in Irvine to make the process a little smoother. Keeping track of everything that’s going on with your property while it’s on the market may be difficult as a seller, and you don’t need any more troubles to add to the mix.
Full Renovations
It can be tempting to go all out when preparing your property on the market in order to get it in the best shape possible. We propose that you take a step back and try to resist the urge, because you’re probably looking at renovations that you won’t be able to recoup once you close.
Remodeling your kitchen or bathroom can increase the value of your property, but the chances of them being truly worthwhile are slim. Instead, concentrate on making the most of what you currently have and leaving things as they are to allow the next owner to customize the living areas as they see suitable.
Already Functioning Infrastructure
Another sticking point for some buyers will be the age of the roof, furnace, or even foundation. Rather than incurring significant costs by repairing or replacing them when selling a house in Irvine, consider it as a potential source of bargaining concessions. If a buyer mentions any of these factors as a reason for their reasonable offer on your house, be honest and let them know you’re aware of the situation.
You’d be surprised how much goodwill a tiny gesture like this can buy you in a negotiation, and how quickly and mutually beneficially it may finish.
Agent Fees
When selling a house in Irvine, there are a few expenses to consider, but the funds to cover these costs should eventually come from the proceeds of the sale. Any agent commission is one of these items.
You should never be put in a situation where your agent wants or demands payment for any services before the sale of your house. Your agent’s objective is to selling a house in Irvine, and the commission they earn is based on a percentage of the ultimate sale price you and the buyer agree on.
Buyer’s Moving Costs
There are few occasions where a buyer or seller should be paying for one another’s expenditures. One approach is for a buyer or seller to offer to cover the other party’s closing costs. That said, as the seller, you are not, and should not be, responsible for the buyer’s moving costs. If a buyer brings this up as a point of contention during negotiations, proceed with caution and consider walking away.
Inspections and Appraisals
As the process of selling a house in Irvine progresses, you’ll eventually reach a point where a buyer will need to complete both a thorough home inspection and an appraisal. Both of these are expenses handled by the buyer and should not be part of any negotiations at any point.
The inspection is performed to identify any obvious defects in the home as well as to educate the new owner on its features and operation. A mortgage lender will usually require an appraisal to assist determine a baseline value for the property and to estimate any liabilities associated with obtaining financing for the buyer.
Your sole goals during the assessment and inspection are to keep everything surrounding the property in immaculate condition and to wait patiently.
Professional Partners When Selling a House in Irvine
If you’re on the path to selling a house in Irvine, contact our team today at 714-844-0605!
