Some GREAT tips for Today's Home Seller!!
Especially for first time sellers and/or those who have been in their home for a very long time, selling your home is an emotional process! Whatever your reason for Selling is, here is how to handle it!
FOR ALL SELLERS:
When you are a first time seller, it could be an anxious process because you don't know what to expect! Even experienced sellers could encounter uncertainty with the ever changing market. Follow these tips t help make the process worry-free and be sure to ask us ANY questions that arise, nothing is too silly!
- Prepare your home. Get your home move-in ready and make an needed repairs. You may also hire a home inspector so you know for sure what to fix!
- Prepare your mind. See your home as it is, a place to live. Try and remove all sentimental and emotional value from the home.
- Make your home available to show during the day. To help agents sell your home faster increase the accessibility of your home. Try to make sure at any time of the day, if someone wants to view it, they can.
Before buying another home:
- Plan ahead to save time and money. If you sell your home before you are able you buy a new one, DONT WORRY! Count on me to find you a new home quick or a short-term lease!
- Get PRE-APPROVED for a mortgage on your next home BEFORE you even go looking with us!
IF YOU'RE TRADING UP:
When families look to trade up, they usually only focus on the size of the home but there are many more factors and unique circumstances to consider while going through the selling process that you should know about.
- Buy or Sell first? You are probably thinking, "Should I sell my home first or buy a new home and THEN sell?" Please allow me to discuss the options with you and the outcome of all different choices to ensure you and your family make the MOST informed decision.
- Price it right. Many people would like multiple bids on the home so you can pick and choose to get the best and highest. To target the right buyers for your home, the price needs to be just right! To speed up the selling process, setting an accurate asking price will help you move on to the next chapter while still getting the most money!
Before buying a larger home:
- Continue to shop for a home while your home is still currently on the market, never stop looking!
- Create a list of must have and deal breakers for your next home and that will make your home search a bit more efficient and save time and money.
- Consider the suburbs. If you want space at a budget price, consider rural or suburban areas where you may be able to get more home for you money!
IF YOU'RE DOWNSIZING:
The majority of folks who downsize are those who have retires, but there are many reasons why a home buyer would seek out a smaller home. Some would prefer to save more money on their mortgage and some don't want to deal with the hassle of maintenance. Whatever the reason for scaling down, you may also be focused on selling for profit to pay cash for your next home and stash some of that extra cash into savings!
- Clear the clutter. Seeing that you are moving into a smaller home it may be a good idea to go through all of your belongings and declutter, tossing or donating items you no longer need or use! Remember, you may not have the storage in your next home that you currently have!
- Update the interiors. Look, you dont need to go all crazy "fixer upper" on your home. Just the basics like a fresh coat of pain, removing brass fixtures and other small things can make a BIG difference. Also, trust in us! We know the market and what is trending so we can help you to make informed decisions about renovations that will save you money and get you buyers!
- Hire a professional stager. Let be honest with ourselves, not all of us know how to decorate a home properly to speak to TODAYS buyers! You may not need it and well will let you know but we have references to some amazing and affordable stagers.
Before buying a smaller home:
- Don't write off a fixer upper. Depending on how much you sell your home for, you may have the money left over to hire a good contractor to improve the look and functionality of a bargain home!
- Reconsider paying all cash. Instead of using home profits to pay for your new house outright, allocate a large amount for the down payment and take out a small mortgage for the remainder. Doing this gives you the liquid flexibility of cash in your financial plan as you get settled in your new home.
- Try before you buy, especially if you are moving out of town or downsizing a considerable amount. Renting a much smaller place in your desired location will help you determine the ideal size and exact place to buy your new home, before making a large investment.
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