This segment is dedicated to helping you make the best informed decision about selling when you have the option to have some forsight.
Remember, “Risk comes from not knowing what you’re doing”, Warren Buffet. In a normal situation, there is no risk that you could loose money on the sale of your house unless you don’t know what you are doing.
Sometimes, whether or not you should sell is not a question: Your job has been relocated, the loss of a job is making your home no longer affordable, the birth of a new child has made the home too small… When you are faced with a situation like this, you may not have the liberty of asking yourself if you are ready to sell.
1. First and foremost you must look at the deal as just that, a deal. Your property has been your home for so many years, it has sentimental value to you. You don’t want that family with the large dog to buy it because the dog will just tear up the hard wood floors, right? WRONG.
Then, after months of having your home on the market, showing after showing, you no longer are so picky about your buyers because now you’re desperate to sell. Another good time to remember that you are just trying to get a deal going. Buyers smell desperation.
Also, make sure that you abide by the HUD fair housing laws. It’s not worth a law suit.
It may sound silly, but we’ve seen it time and time again where the seller has blown some of their best chances at selling because of emotions. If you are having problems detaching yourself from the “deal”, having a third party such as a Realtor or real estate attorney may be the right way to go for you. Feel free to skip ahead.
2. Selling a house takes months, even after you’ve finally got an agreed upon contract. Knowing all of the steps and understanding what lies ahead is imperative. If your caught by surprise you may also be taken advantage of.
- First there is the decision to sell
- Actually putting your house up for sale
- Where to advertise
- How to market
- What price
- Getting a contract (who has the proper paperwork)
- Working with buyers you may not personally like or trust
- Are the buyers really able to get a loan?
- Title searches
- Handling the legal issues
Work through each step and again ask yourself. Are you ready to sell?
Once you feel confident that you know what you are doing or have someone on your side you does, you are ready to start selling. There is a lot of emotion and money involved. Make sure that you have gone through each step mentally.
Always stay in control and you’ll be a winner.