While visions of your dream home may be dancing in your head, moving forward with the new typically means having to say goodbye to the old (and possibly the setting of a whole host of good, happy memories). So, how do you know if you’re truly ready to sell your current home and move forward?
Here are some important questions to ask yourself (and to answer honestly) that may help.
First, how do you know what your current home is worth – and how much you should ideally set as your list price?
It is important to understand that the amount you purchased your current home for will not necessarily have any bearing on what it is worth in today’s market. Rather, one of the best methods of determining your ideal listing price is to consider comparable properties (or “comps’). Working with an experienced real estate agent can help you to obtain these figures.
Next, if we are heading into a buyer’s market, how might that impact the amount that you net from the sale of your home?
In this case, it might mean that waiting just a bit longer makes more sense for you. Alternatively, if you are able to find just the right buyer, the home’s price may not matter all that much.
Last, if your home needs some work, should you go ahead and take care of it, or instead offer the property “as is?”
The answer to this question may be dependent on just what exactly needs to be done. In any case, if you are aware issues like a leaky roof or basement, they must be disclosed to potential purchasers. If, however, the bulk of the work includes updating and decorating, it may be best to leave that to the new owner, who can decide how they want it done once the sale is completed.
If you’re not entirely sure whether you’re ready to move on, we can help. We can provide you with answers to these, and a long list of other important questions, as well as provide you with a free, no obligation valuation of your current home. So, contact us today for more information.