Deciding To Sell Your Home Is A Big Decision

Category: Finance, Real Estate.

If you have been thinking about selling your home, you might be a little bit deterred by the slow down in the real estate market. Before you decide that you are going to have to remain in your home for several more years, realize that there is never either an absolutely right or absolutely wrong time to sell a home.

You may even be asking yourself if you have missed an opportunity to sell your home. Demand will vary, there are definitely peaks and valleys, there will always, but overall be buyers and sellers. But you are also a buyer, and let us face it, there is no better time to buy a move up house than right now. As a seller, you have to make sure that your home is attractive and will bring in interested buyers. Before you get ready to put your house on the market, you should take the time to evaluate whether this is the right move for you. The following steps will help you with the decision making process. If it is, you want to prepare your house to sell quickly.

Contact a Mortgage Consultant. Before you go out shopping for new homes, meet with a mortgage consultant. You may think that you qualify for that move up home, but some home buyers have found themselves in uncomfortable positions. A consultant will take the time to discuss your options, evaluate your buying potential, and help you become prequalified. How Much Do You Have Left On Your Current Mortgage? A consultation with a mortgage advisor will help you determine whether this is the right time to sell and also help you determine what your buying potential for a new home could be. If you are like most people, you have a rough idea of how much you have left to pay on your existing mortgage.

Find out how much your pay off amount will be, so you can evaluate it against your potential sales amount, so you really know how much your equity will be. But it is better to get a truly accurate amount. What is Your Current Home Value and Selling Costs? An agent will pull comps, sales prices for other homes in your neighborhood that are similar. Contact a real estate agent to find out how much your home is worth. At the same time, your real estate agent can also give you a rough estimate of total expenses which include commissions, taxes, fees for attorneys, and expenses. Before you put your home on the market or start looking, make sure that it truly is the right time for you.

Deciding to sell your home is a big decision.