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Sellers
If you know exactly why you are selling, then it is easier for you to set the right plan of action to get what it is that you want.
So you feel like it’s time to move, but you keep asking yourself, Should I really sell my house? After all, there’s so much history packed inside those four walls—not to mention all your stuff. Your house is the most valuable possession you own in more ways than one.
The good thing is, you’re already asking the right questions. After all, selling at the right time can be a boost to your finances and your lifestyle. While selling at the wrong time can cause trouble for years to come. We’ll help you walk through all the other questions you need to answer before you make the call to sell your home.
Should I Sell My House?
- Here’s When to Say Yes -
1. You've got equity on your side.
2. You're out of debt with cash in the bank.
3. You can pay off all your debt with the money you’ll make from the sale.
4. You have a new place to live.
5. You can afford to buy a home that fits your lifestyle better.
6. You can cash flow the move.
7. You’re emotionally ready to sell.
8. You understand the market (a little bit).
9. You have a real estate agent.
Plan of Action
1
Analyze why you are selling - If you understand your motives, you will be able to better negotiate and to get what it is that you want, whether it be a quick sale, high price, or somewhere in the middle.
2
Prepare your home for the buyer - Maximize the strengths of your property and fix up its weaknesses. You want the buyer to walk away from your home with a lasting good impression
3
Find a good real estate agent that understands your needs - Make sure that your agent is loyal to you, and can negotiate to help you achieve your goals. In addition, they should be assertive and honest with both you and the buyer.
4
Be prepared for negotiation - Learn and understand your buyer's situation; what are their motives? Can you demand a big deposit from them? Try to lock in the buyer so that the deal goes through.
5
Negotiate for the best price and the best terms - Learn how to counter offer to get more from every offer.
6
Make sure the contract is complete - Be honest with your disclosures; you do not want to lose the deal because you were lying or diminishing your home's defects. Insist the buyers get a professional inspection. This will protect both you and the buyer.
