Deciding to sell your home can be one of the most important decisions you can make. It shouldn’t be made impetuously, instead, you should consider a few things before jumping into sell mode. Ask yourself these questions.
Do You Have A Game Plan?
The first thing you want to do is make sure you have a game plan. Most sellers have an idea as to where they are going to move and buy next. So, a game plan becomes a motivating factor for some sellers. Knowing where you’re going and an estimated price for the area will help you formulate a plan. After all, you don’t want to sell your home and find that you can’t afford a new one. Or that you can’t secure a mortgage because you don’t have enough for a down payment.
Do You Still Have An Emotional Attachment?
If you have any emotions about the home you are currently in, you’re not ready to sell. If you still have a connection to the home, you are more likely to not listen when the realtor gives you ideas to help you sell. It would be best if you viewed your home as a product, a way of making money, and a way to move forward. This is the point where the house is no longer a home and is considered just an asset.
Are You Financially Ready?
Many sellers come to the market prepared. You should make sure you’re one of them. Look through real estate listing websites to get an idea of where the market is in your current location. At the same time, visit a mortgage calculator to see the numbers related to the new home you’re considering. Even better, get pre-approved for a mortgage.
The first sign a realtor is going to look for when meeting a new client, are signs that they are financially ready. For instance, have these clients evaluated and determined they are financially ready for the costs associated with purchasing a new home, taking into account the down payment, closing costs, and mortgage expenses. If the answer is yes, they are positive the client is ready to move forward with selling their asset.
Are You Ready To Make Changes?
If a seller is still emotionally attached to their home, they are more likely to resist any and all attempts to make changes or upgrades. It could be something simple as painting the house or a room a new color or making kitchen upgrades. Sellers may need to invest time and energy by doing a little renovation. If you are not willing to do what it takes to make the sale or make changes recommended by your realtor, you probably aren’t ready to sell.
Consider all these questions before you involve a realtor. This way, you will make the sale of your asset a much simpler process.
When you feel ready, get in touch with The Snyder Realty Group to help with the sale.