Great advice in prior answers. I think doing a combination of both starting to look at homes and to start prepping your home to get it on the market is the best suggestion. We are reaching PRIME SELLING season. And with the rates being so low, your amount of qualified buyers increases. My traffic on my listings since before Christmas have tripled..things were very slow.
Your first step though is to get with a Realtor to do a CMA (Comparable market Anaylsis) of your property, look at your numbers on payoff vs what you could sale for and net and then see what you'd have left after the sale. From there, you'd get a with a lender to see what you'd qualify for on a new home and that way you'd know what price ranges of properties you could start be looking for. You need the number from the sale of your property to give to the lender, if you are planning to put a down payment on.
In the sale of your home though, meeting with a REALTOR is only part one in this strong buyers market. You'd also want to meet with a HOME STAGER (an expert in preparing your home for top dollar). Home stagers come in and evaluate your home and gives suggestions or assist you in prepaping the property. Home staging does several things. It makes your home appeal to the most of amount of buyers by neutralizing as much as possible, de-cluttering to make more space (make the home look larger) and it always makes the home show great for pictures that go online on the mls and home search websites as well as if your realtor does a virtual tour, the STAGING IS A MUST for these tours and in this market. It gives you the edge. ..
I am BOTH a Realtor and a Nationally Accredited Home Stager. Anyone that lists their home with me gets a free staging evaluation and assistance prepping their home as part of the listing with me. Or if you already have a Realtor you love, the staging can be done seperate for a small fee. I'd more than happy to meet you at your home to do a CMA and pre-evaluation of needed staging to get you moving in the direction you are seeking.
I'm ready to assist.
Realtor, Nationally Accredited Home Stager, Accredited Buyers Representative
Virginia Beach, VA
e-mail - firstname.lastname@example.org
Home staging is a must, I would agree. You have to be way above the competition.
Thanks again for all the input!! I'll keep the info and the contact information as well.
Nelene M. Gibbs, Realtor, e-Pro
William E. Wood & Assoc, Great Bridge Office
If you are still on the fence as to whether or not you want to move it would be a good idea to see what is out there first. I would be happy to send you some emails of listings that match your criteria.
It sounds like you have put some hard work into your home. If you price it right it is possible to sell it quickly. Most buyers want a home they can move right into with little to no work. Most houses either sell within the first 60 days or stay on the market for several months. You should know what is out there in case you are lucky and sell your home quickly.
I hope this helps. Cherlynnf@remax.net
Lisa, as far as the real estate addiction goes, I'm unsure as to whether or not it's only because I'm looking for myself or if I just love to see homes (decor, floor plans, etc.).
I've been an accountant for 25+ years (for builders most recently) and am currently deciding on another career path. It's just such a tough time right now to get into real estate!!
It's great that you followed your passion! You must be good at what you do!
The best of luck to you!
It really depends on your personal needs.....
If for any reason you must move - like closer to work, or growing family, whatever the reason
You discuss the pricing and marketing of your home and what you should and should not do to prepare your home with an experienced area Realtor (let me know if you like me to recommend one of my partner agents!)
Do only what is most important to potential buyers!
The Realtor will also assist you in comparing your home to recently sold homes similar to yours and that will give you a good idea what you may get for your home, potentially! You know a home is worth what a ready and willing buyer is ready and willing to pay..... So!
Now if you do not HAVE to sell, but would like to.....
You start looking around the areas you want to consider and the size of home you want to consider
in an expanded price range, WITH A TRUSTED AND EXPERIENCED REALTOR
that experience and the expertise of your Realtor giving you some indication of what your own home is worth will help you decide if this is a good time for you to sell and buy....
With the current markets in general although some markets are better than others, If you are upgrading to a larger home, you will take a loss on your smaller lower priced home, but will be able to make that difference up by getting the larger home for less....
But once you are an educated Seller/Buyer with a trusted Realtor at your side (and let me know if you want me to recommend a trusted Realtor partner to you....) Then you should get your home show ready and put your home on the market (it may take longer to sell your home these days than you may think and it will give you plenty of time to find the right home for you) YOur Realtor will be of great help to coordinate the sale and the purchase in your best interest.....
Hope this helps you!
Let me know if you like me to recommend a partner agent of mine in your area to you...
And if you every know of anyone moving to the Chicago Northern Illinois area, please have them
contact me and give me their contact info, they should expect first class real estate service from me.
This will help you decide on your marketing plan for your own home and also give you some idea as to value.
I am not sure personally if there is anything now or ever quick in the real estate market. The more price sensitve a property maybe, the more it is being treated as a commodity and not the unique thing that all neighborhoods, cities, homes, locations that make up real esate really are. On the other hand, I agree with the attitude of staying flexible and trying to make a deal. Listen to what the potential buyers have as objections to see if you can remedy them.
I once upon a time ago was addicted to real esate, couldn't keep me out of model homes and open houses. Now look where I'm at, doing what I love. Perhaps you're our next Realtor in the area?
Nobody sells more real estate than RE/MAX