Sunday, April 26, 2015

Should I sell my home?

Should I list my home for sale? If I were to get a dime for every time a property owner asked me this question, well, I'd be sitting on my yacht in the middle of the Pacific right about now. So, I put together a little cheat sheet that will hopefully help these indecisive homeowners get out of that gray area of whether or not to list their property for sale. 

Here are some questions you must ask yourself before you decide.   

1. Why are you selling? 

This seems like a pretty obvious and easy question to answer. But, you'd be surprised how many people don't really know. Whether your family has outgrown that tiny living room or your kids can't stop fighting over that top bunk. More room for your growing or grown family is definitely one of the number one reasons to find something bigger. Bigger can be better. So I hear.

Whether your reason to list is because of a job relocation, too much sun in the morning, too little sun in the morning, an annoying neighbor, a creepy ice-cream man, or that you really just want to get out of Dodge....you must decide whether that reason justifies moving. 

2. Can you Afford to Sell Your Home? 

I like to live life like money doesn't matter....but, in reality, it does. Bummer. It especially matters when it comes to selling such a huge investment such as a house. So, you must get your ducks in a row when it comes to your finances. What is your mortgage payoff? What is your home worth in today's market? What will you net after you deduct all the expenses of selling? (commission, closing costs, repairs...oh, my!). Not to be a Debbie the Downer, but, selling a home can be expensive. But, luckily, if you play your cards right, it can also be very rewarding financially. Click the link below, and I will send you a "Net to Seller" sheet that will help you determine what you'll come away from the table with (or how many zeros you'll be putting behind that number on the check to the mortgage company). 

3. Can You Make Your Home Market-Ready? 

I know the majority of people have an amazingly amount of pride when it comes to their home. Their home is, for the most part, perfect to them. But, let's be real here. Most homes need a bit of work in order to make them "perfect" in the eyes of a potential buyer. This work may include a complete deep-cleaning. You know those fingerprints on the light switches you've been meaning to clean? Those have to go. Also, there are usually some minor repairs that need to be made. Of course these will be spotted by an inspector, but, nobody wants to buy a home in need of repairs compared to homes that don't. Now onto a more "touchy" subject. You know those half-naked pregnancy pictures you have on your wall that you point to every-time your child slams the door in your face? Well, those have to go. Also included in this list are: undergarments, the last decade's Sports Illustrated collection, those bags of clothes you've been meaning to donate...or burn....and everything else shoved out of sight. That means, get rid of your junk. Or, at least hide it REALLY good. An organized, clean home speaks wonders for its owners. 

So, there you go. If you can justify those three questions and know you can afford to list your home. Well, there is no better time than the present!

Happy Selling!