When is a good time to sell my home?
I always tell people that the best time to sell your home is when you feel it in your gut. Some people will say to wait until the market improves when the interest rate lowers. The question is...when will that happen? Just remember this... when you are thinking of waiting, so is everyone else. This means that if rates were to become competitive again, you might find yourself in heavy competition for buying your next home. Reports are telling us that we are going to be in the six percent range for awhile.
This is such a great question! The pandemic really shook things up in the real estate market. I remember clients would get in a panic when their house was on the market for just 5 hours without an offer. (I know, it sounds crazy, but it actually happened!) The first thing I’ll tell you is that it’s all about patience and marketing right now. It’s super important to make sure everything is in tip-top shape and staged for amazing showings through photos and visits. Next, we’ll need to market the home at a fair price. A study of past sold homes in the area will be performed to figure out the best price for your home. There are other factors involved with this that include location, updates and condition of the home.
Can I afford to sell and buy a new home?
To help you with this, we’ll need to take a few steps. First, we’ll get a value report to figure out how much your house is worth and compare it to how much you still owe on your mortgage. Then, we’ll talk to a lender to see if you qualify for a new mortgage. After that, we’ll look at all the options you have. It might be possible to get a new house with a monthly payment that’s just as low or even lower than what you’re paying now. The main thing is to make sure all this works for your long-term financial goals.
How important is it to work with an agent to get my home sold quickly?
An agent plays a crucial role in this process! As an agent, we have access to various platforms to market your home effectively. Consequently, your home can be viewed by potential buyers worldwide through the internet. Moreover, a skilled agent will possess all the necessary documents, photographs, and detailed descriptions of your home’s offerings. Additionally, a great agent collaborates professionally with other agents to ensure that the buyer is enthusiastic about purchasing your home.
