What's The First Step To Selling Your Fort Wayne Home? It Might Surprise You.

What do you think is the first step to selling your home in Fort Wayne? Go ahead and think about it. I'll wait.

Did you say Find a good Realtor® in the Fort Wayne area that has had recent success selling their listings? That's towards the top of the list, but not #1. (I was so tempted to insert a shameless plug there!!)

Getting your home in tip top shape and market ready? That's up there too, but not quite #1.

Still can't figure it out?

In my opinion, the first step to selling your Fort Wayne home is to make sure you can afford and qualify for a loan on your NEXT home.

In the fall of 2011 I wrote an offer with my buyers on a beautiful home in South West Fort Wayne that they were very excited about. After a few counters we got it under contract. They were SO pumped!!!

Three days later I got a call from the listing agent. It wasn't the greatest conversation.

Listing Agent: Hi Jared. I have some bad news. My seller was going to buy another home but we just found out that um... he can't qualify for a loan. We are going to need to back out of the deal. I'm really sorry.

Me: I'm sorry Mr. Listing Agent, but we are under contract and are going to move forward with the purchase. Your sellers are going to need to make other arrangements. I do feel bad for them, but this is something that should have been handled before you listed the home.

After a little back and forth, the seller realized that even though he was not able to buy another home, he was obligated to go through with the sale.

During the inspection there were some major issues that came up, so we all agreed on a mutual release and we terminated the contract. I found my buyers a different home a few days later and they are happily living there now.

Thankfully everybody ended up okay in this deal. I imagine the seller would have probably ended up in a rental if the deal hadn't fallen through. I'm sure he wouldn't have been very happy about it either.

There you have it. Step 1 is making sure you can afford and qualify for your next Fort Wayne home purchase. All it takes is a quick phone call to a lender. Thanks for stopping by and as always, if you have any questions our contact information is below.