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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Help Your Real Estate Agent Get Your Home Sold

While it's true that your real estate agent is more than capable of selling your home for you, there are still things that you can do that may help the house sell faster and things you can do that will increase your chances of getting the price that you are asking, or close to it. Here are some excellent tips that you can do to accomplish your mission:

You don't want to underestimate the importance of word of mouth

While your agent will be adding your home to lists and getting it shown, you don't have to sit idly by and hope for the best. You can also do your own part to help by getting word out about your home being on the market and all its great selling points. Make sure you tell friendly acquaintances, because you never know who may be looking for a home, such as one of their friends or relatives. They may even be in the market for a new home themselves.

You don't want to do things that can hinder a sale

You should really talk through every decision and make sure you don't make ones that can make a sale harder. For example, it you have a house full of furniture that suits your style, you may feel offering the furniture with the home can help it sell. You may also find that this is a mistake. Perhaps the buyer already has all their furniture and they like theirs more. Or, maybe they want to go out and shop for things that match their own style. This means, knowing that you are including all the furniture is only meaning that they have more work ahead of them because now they will have to dispose of all of it before they can move in the house. Instead, you may want to offer to leave the furniture only if they want you to.

You do want to listen to your real estate agent

You hired your real estate agent because they know how to sell your home and they are knowledgeable on what works and what doesn't. Therefore, it only makes sense that you would want to listen to their advice and at least seriously consider following it. If they suggest you make some changes around the yard and/or house, then they obviously think these changes will make the house more appealing to those who come to look at the house.