4 Tips to Know It’s the Right Time To Sell
Whether it’s your first time selling, or your fifth, selling your home is a big decision. It can be challenging to determine when the perfect time to move is, however, there are several ways to know if it’s a good opportunity and a wise decision for you and your finances.
Consider the following questions when debating whether you are ready to begin the process of selling your home.
1. Do you have a plan? It’s important to consider all outcomes of the selling process. You want to be prepared for situations such as having difficulty finding a buyer, receiving multiple offers, or undergoing an inspection that reveals issues. Play out various scenarios and devise plans for how to deal with each one.
2. Have you studied the market? Considering homes within your area is a good indicator of if it’s the right time to sell. If a home nearby sold in the first few days, you can assume there is a strong desire for properties like yours. Look at how fast homes are selling, the prices at which they are sold at, and other local trends.
3. Are you financially ready? Whether you’re seeking an upgrade, or you wish to downsize, it’s important you have a strong understanding of your financial position. This information will help you to determine what you can afford to price your home at, what you will owe the bank, and where you’ll be able to go following the sale.
4. Are you emotionally detached? You need to be committed to your decision of selling your home, as once you close, there’s no going back. If you are still emotionally invested in your home, the selling process becomes very challenging for both you and your real estate agent.
With so much to think about, it's helpful to have an agent to walk you through the process. Contact Team Zold today to have an expert provide with you a stress-free experience!