You’ve probably already considered your personal reasons for selling. Now you need to take into account the other factors involved, such as market conditions, your property’s value and the property you will be going to following your home sale.
Assessing Market Conditions
There’s a rule of thumb to keep in mind when deciding to sell your home: Your home is only worth what a qualified buyer is willing to pay at the time it’s on the market. The current real estate market fluctuates based on supply and demand, interest rates, general economic conditions, and other factors. The same house may sell for more or less under a different economy. One of the many services I offer my clients, is a complimentary Comparative Market Analysis (CMA), which will detail for you, the going price for homes in your area at the current time.
Timing Your Decision to Sell
Because most sellers finance a new home purchase with the sale of their present home, they usually put their homes on the market before they begin their search for a new home. Learning the price you can expect from the sale helps sets the pricing parameters for your new home search, and, that will provide your lender with a better picture of what mortgage might be best for you.
Not having a place to go following your home sale, can jeopardize the sale itself. It’s not ideal to wait until the sale on your property closes completely before beginning to look for your new home. Timing your search properly with the buyers’ transaction can make the difference between having the available funds to buy a new home and cutting down on the interim period between homes.
I can offer a variety of tools to help accomplish this, including automated email updates which will deliver up to the minute information on properties that match your specific search criteria. This information comes directly from the MLS (Multiple Listing Service), and is far more timely and accurate than third party, online sources.
My first priority in working with clients, is to operate at their pace. I have extensive experience in this area; I can offer you a host of valuable resources to assist you along the way, and, I am ready to get started when you are.