The market is hot. But, is it really time to become a home seller? This is a question which plagues many homeowners. They want to get into a different property. It’s the fear of the unknown and going through the house-hunting process which is most unsettling. All of this, not to mention have to sell their current properties, get a new mortgage, and worst of all, move. Sure, it’s not without its hassles. But, in the end, becoming a home seller ultimately helps to solve a number of problems.
How to Prepare a Home to Sell
Before you get over-excited about the proposition of selling your current house, you should know what’s required to make it a successful endeavor. You’ll need to purge big time to not only free up space but to cut down on what you’re moving. Also, you’ll need to repair everything that’s broken and make any necessary replacements, as well.
“The decision to sell your home should be based on a variety of factors that are both financial and emotional. While you should definitely pay attention to market conditions as part of your thought process—and those conditions will absolutely impact your home sale—you should always keep in mind that the choice to buy or sell a home is completely individual.” —National Association of Realtors.com
You’ll also have to deep clean the entire interior, leaving no nook or cranny untouched. Plus, you’ll have to dress it up to make it wow, inside and out. But, perhaps most importantly, you’ll need to price it right to generate interest and to get it to sell. If you can do these things, you’re ready to become a home seller.
Biggest Signs it’s Time to become a Home Seller
Now, let’s take a quick look at some of the logistics behind selling a home. After all, become a home seller means simultaneously becoming a home buyer. Here’s what you need to make the transition from one to another property:
- You have enough equity. One of the greatest things about homeownership is not only locking in the cost of housing but also, gaining net worth through equity. If you have a good amount of equity in your house, then you can use that to your advantage. When you sell your property, you can put that equity to good use.
- You have the cash in the bank. Of course, selling a home involves some costs, as does buying a home. If you have cash in the bank to cover the costs of a good faith deposit, inspections, closing costs, and moving expenses, you’re ready to make the transition.
- You have the time and money to move. Selling a home entails preparation, which comes at a cost. You’ll need to make repairs and stage the property. But, if you have enough equity and time it right, you’ll receive a good return on investment. And, if you have the resolve to accommodate a move, it’s probably time to sell.
- Your lifestyle and/or needs have changed. Okay, the real core of the matter comes down to the function of your current property. If your current residence is insufficient, then it’s probably high time for a change.
If you are considering buying or selling a house in Orlando’s Hunter’s Creek, or another community, contact us for the latest market information. We are local and experienced in all facets of residential real estate, here to help you, when you need it.