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Things You Shouldn't Say When Selling

by Tucker Robbins

not to say

Many times when someone puts their house on the market they are so excited at the possibility of getting their home sold quickly that they lose their bearings a bit when they finally have a serious buyer.  You as the seller need to be sure not to say too much to your potential buyer so that you don’t end up losing the sale before you get it.  Below are a few things you shouldn’t say when selling your home. 

Things You Shouldn't Say When Selling

  • Be careful not to tell your potential home buyer  that your house is in top shape and that there is absolutely nothing wrong with it.  You most likely don’t know if your house is in perfect shape and will only know for sure the shape that it is in when the inspector comes to do his or her job.  There is nothing wrong with verbally selling your home to a potential buyer but be careful not to say things unless you know for certain those things are true. 
  • Another good thing to keep to yourself when it comes to talking to a potential buyer of your home is exactly how long your home has been on the market.  It is likely that the buyer already knows how long your home has been on the market and if you talk too much about that, they may try to get you to lower your price as a result.  Information about your house that is already in the system doesn’t need to be shared over and over again.  Let the house speak for itself. 
  • There is also no need to talk to a potential buyer about how much you spent on remodeling different areas inside the home.  The buyer doesn’t really care how much you spent fixing “x,y,z” , they just want a good and fair price.
  • If you talk to your potential buyers and you tell them that you are not willing to negotiate on the price from the start, it is likely that they buyer will shut down and won’t even make an offer.  Always be willing to negotiate and have a set lowest price in your mind and then don’t go below that price. 

Of course your number one priority when trying to sell your home is to sell it, however take a few of these  tips of what not to say to a potential buyer  to heart and you will likely end up with the result you are looking for. 

Courtesy of New Castle County DE Realtor Tucker Robbins.

Applying For a Home Mortgage? Here's What NOT To Say

by Tucker Robbins

cover mouth

Owning a home of your very own is exciting and is the American dream.  You should know however that when you apply for a home mortgage you need to be as honest as possible so that your dreams are not crushed at the last minute. Below are a few tips on what not to say when you are applying for a home mortgage.  You may think that a little white lie won’t get you into trouble when applying for a home mortgage but what most people don’t realize is that you will likely get caught in that lie and may end up not getting approved after all.   Also the penalties for such lies can be quite severe such as a 30 year prison sentence and a million dollar fine. 

  • If you don’t plan to live in the home in which you are getting a mortgage but rather you plan to rent the property out do NOT apply for a mortgage as your primary residence.  Default rates are higher on investment properties than they are on primary residences.  Down payments are larger on investment properties as well.  These are some of the reasons why folks try to lie about using the mortgage as their primary residence. 
  • Lying about how much money you make  to get a home mortgage is also a no-no.  If you try to lie about your income for the purposes of getting a better home mortgage you are very likely to get caught because your lender is going to verify your income by looking at your w-2’s as well as your tax returns. 
  • If you don’t have enough money for the down payment on your new home, you CAN borrow it from a family member or friend but if you do this you need to be sure to have the paperwork that supports the fact that it is a gift that you don’t have to repay otherwise it is considered a loan and the mortgage company will need to know about it.  This little white lie may seem harmless but it isn’t and it can get you into trouble with your mortgage lender. 

Basically, tell the truth about any and everything your mortgage lender asks you. If you want to have part of the American dream by owning your own home, don’t destroy the dream by lying.  Once you get your mortgage and you move into your new home you will be glad you did everything the right way and that you don’t have to worry about anything coming back on you in the future. 

Courtesy of New Castle County DE Realtor Tucker Robbins!

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Photo of Tucker Robbins Real Estate
Tucker Robbins
Berkshire Hathaway HomeServices
3838 Kennett Pike
Wilmington DE 19807
(302) 777-7744 (direct)