When The Buyer Backs Out: Real Estate Sales SolutionsWhen The Buyer Backs Out: Real Estate Sales Solutions

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When The Buyer Backs Out: Real Estate Sales Solutions

The first time I sold a house, I had no idea that the buyer could back out of the contract partway through. I was taken aback when it happened to me, and my real estate agent had to explain the process of terminating the contract and requesting the earnest deposit. After the contract was terminated, I spent a lot of time researching why a buyer could back out of a sale, what I could do about it as the seller, and ways to minimize the risk of it happening. I created this site to share what I've learned in the hopes of preventing other homeowners from experiencing what I did. I hope it helps you to be better prepared as you sell your home.



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3 Low-Cost Updates You Can Make Right Now To Increase Home Value Before Selling

If you're going to be purchasing and moving into a new home in the foreseeable future, then you are going to need to sell your existing home first. You want to make sure that you get the most money out of the home that you have lived in for so many years. In order to do this, you may need to make a few updates, but you don't necessarily want to spend a fortune either. Here are a few inexpensive updates that you can make that will help to boost your home's value before putting it up on the market:

1. Give Your Bathroom Mirror a Frame

If you are looking for a way to give your bathroom a little extra oomph without breaking the bank on a new tub or cabinets, you may want to consider simply adding a frame to your plain mirror. The DIY Network says that it will only cost approximately $25 and it will only take a few hours to do. So as long as you are handy with a saw, this should be an easy project and it can really add some sophistication to your bathroom. Don't forget to stain or paint it in the end.

2. Switch Out the Ceiling Fan

You may not realize it, but prospective buyers will notice the ceiling fans. If yours are old, ugly, and worn out, it's time to replace them before you put your home up on the market. Winter is one of the best possible times to buy ceiling fans, as retail stores are going to discount them in order to move old inventory out and new inventory in. Often you can find really nice, expensive fans for a great price in the "off-season," which will allow you to get out really cheap. If you start replacing all of the fans in the house, the price will add up. However, if it helps to update the appearance of the entire house, it will be well worth the cost — and if you were able to find them at discounted rates, you saved a ton already anyway!

3. Spruce Up the Front Door

When it comes to first impressions, the front door gives the perfect one. Well, as long as it is in good shape. You can replace it if you have the money, or you can simply give it a fresh coat of paint. This is an easy, inexpensive task that you can do on your own. You can opt to stick with the existing color of the door, or you can choose to go with something a bit more memorable that will help make your home stick out in the neighborhood (but not so much that it is an eyesore!). The color you choose will depend on the style of your home, but some of the most popular front door colors are turquoise, yellow, and red.

When considering a new home, look at real estate offered by companies like Fischer Homes.