Unique Situations to Deal with When Selling a Home

  • By Multifuse Team
  • 16 Jun, 2022

Real estate can be a tricky industry for anyone to understand, even real estate professionals who have dedicated years of their professional life to understanding the markets. If you are a homeowner looking to sell, it’s normal to have questions. Every home sale is unique and can require individualized attention to maximize performance. But this becomes especially true when you are dealing with some of the more unique situations that can arise when you are selling your home. Here are three unique situations that you might have to deal with when selling your home.

Real Estate “Love Letters”

One unique situation that you might have to deal with when selling your home is real estate “love letters”. These are a fairly common phenomenon in the world of real estate, where potential buyers write a “love letter” to the sellers about the reasons they should be selected as the buyers. These letters can easily breach fair housing laws by revealing personal information about the buyers like race, age, ethnicity, class status, etc. that cannot be used in making sales choices. If a potential buyer tries to give you a love letter it is best to reject or discard it immediately without reading.

Getting a Cash Offer

Another of the many unique situations that you may have to deal with when selling your home is getting a cash offer. Usually when people buy a home they will do so with a loan from the bank, and then they pay off that mortgage for thirty years. Some buyers can afford to purchase your house in all cash. Accepting a cash offer makes selling your home even faster. A cash offer doesn’t need the bank's approval, so you can close on the sale weeks faster, if you are in a rush.

Inspection Issues

Another unique situation that you may have to deal with when selling a home is an inspection turning up issues with your home. A home inspection is a natural part of most every home sale and is usually required by banks. These inspections have the potential to turn up issues with your home, like structural damage, plumbing issues, electrical, or other problems. These can cause your sale to fall through or require you to fix these issues before you can go through with the sale.

Selling a home isn’t easy even when things go smoothly. But when the road gets bumpy and more unique, it can feel impossible. Look out for these three unique situations that might come up when selling your home so that you can be prepared for any situation.

Check out this article on home fixes that require you to research first!

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