Letâ€™s start with why. Sometimes itâ€™s obvious, such as youâ€™ve been transferred to a new city. Or maybe family situations have changed such as a divorce, death, or recent medical conditions. Maybe youâ€™ve found your house is too expensive or large and you have to downsize. If any of these are the case or you just know you have to move the next section wonâ€™t apply but read it anyway as it might open your eyes to a potential problem.
Now maybe youâ€™re just considering a move, but donâ€™t have a specific reason that you have to sell your home. There is a little more to consider. First, determine where you want to move to. Do a little research and look for an area that interests you. Check home pricesÂ (your Realtor can help, you do know one now), and visit Open Houses when you see them in the target area. Talk to friends that live in the area. Once you have an idea, now make sure you can afford to live there. This is a step sellers often forget to do, no matter what the reason to sell is, make sure you can buy another home! Check with your bank or lender and get prequalified. Just because you own one now doesnâ€™t guarantee you can buy another. Job changes, credit problems, other debt load, can easily disqualify you from a new mortgage. They will prequalify you based on the sale of your current home. A CMA can help here so have your Realtor do one for you. None of this obligates you to sell your home, itâ€™s just a good homework assignment before moving to the next step.
The next part is evaluating the readiness of your home for selling it for the best return on your investment. In other words it needs to look move-in-ready to help you get the best sales price possible in this highly competitive market. At a basic level you need to think of fresh paint, replacing worn flooring, installing new fixtures in kitchens & bathrooms if they are stained or extremely outdated. Again your RealtorÂ (the one you now know)Â can assist you in what helps the best in your area and price range. You donâ€™t want to spend too much and not get that much back, so donâ€™t get too carried away.Â See more aboutÂ preparationsÂ in the post.
Now you are ready to put it on the market, right? No not quite yet. Prepare yourself for your life being interrupted for showings and open houses. Start packing what you donâ€™t need and make your home look inviting but not too personalized. Start making plans for your move. Donâ€™t be caught off guard when an offer comes in. Weâ€™ve sold homes in days beforeÂ (once a more common thing than today),Â and our seller had to scramble to find a place to live. So you donâ€™t have to rush to buy a home if that happens, accept the fact you may have to move into temporary housing, nobody wants to rush a home buying decision.
If you are ready to sell, or will be soon, call that Realtor you know today. That would beÂ The Derrick TeamÂ at 317-563-1110. Weâ€™re here to help for all your real estate needs!