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From the category archives: Selling

The Top 5 Mistakes Sellers make when Selling their Home

Serious about selling your San Diego real estate? Before you sign the listing contract, read about these common mistakes that home sellers make: 1. Pricing the property too high for the current market. Price is everything. Overpricing does more to discourage buyers than any other single factor. When you overprice, you put your home in competition with homes that may be newer, larger or have more amenities than yours. You help your competition sell their their well priced property.   This leads to long days on the market, and costs you, the seller, money in the long run.  Lookup Realty can help you price your home correct and had significant tools and resources to market your home properly. 2. Listing the home in poor condition. A home that is in ill repair, or otherwise poor condition, does not excite buyers. A home like this is looked at by buyers as a work project and money pit. Having your home in good repair, clean and great showing condition will significantly improve your chances ...

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Short Sales, Foreclosures, Equity and Probate Sales

While browsing the listings on you’ll see descriptions of the homes for sale such as Short Sale, Foreclosure, Equity Sale and Probate Sale. These terms relate to the status of the seller and can have an impact on how fast a sale might be consummated and how much information you will receive from the seller. Below is a description of each that will come in handy as you review the many properties on the site. A short sale means the seller is willing to sell but the financial institution(s) that are owned money on the property are being negotiated with to take a loss on the property. This can stretch out the closing process considerable and leave little funds for problems that may arise during inspection. The ultimate sale of the property is dependent on the financial institution or investor’s final approval. This process can range from 90 days to over six months to gain approval and final closing of the sale. It is crucial to note that short sale properties can be very difficult to cl ...

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