A new year brings with it the opportunity for a move. If you have been thinking of the possibility of making a move, you’re likely juggling excitement over the idea of a new home, but maybe even a sense of attachment to your current home kind of holding you back.
To make a confident decision and with ease of emotions, there are 3 good practices that will help to keep in mind.
- Be Sure to Price Your Home Right
There was housing market shift in 2022 as mortgage rate climbed, buyer felt at ease with buying, and the number of homes sold increased. Things are a little different now for a seller. So, when pricing your home to sales, speak with a Realtor about the trend and market of comparable homes. Price your home realistically as the buyer traffic is much slower than April or May of 2022, but if priced right, homes still sell quickly.
Keep in mind, if your house is priced too high, you could run the risk of losing out in the competition by deterring buyers. If the price is too low, you will leave money on the closing table. Seek an experienced real estate agent to help price your home with the current market.
- Side Effect of Attached Emotions
Homeowners are living in their houses longer. The average time a homeowner has owned their home has increased from 5 to 10 years.
This is much longer than what used to be the norm. The side effect, however, is when you stay in one place for so long, you may get even more attached emotionally. If it’s the first home you bought or the house where your loved ones grew up, it is more sentimental with a life of memories.
For some homeowners, this can make negotiations much harder. It sometimes is harder to separate your emotional value over the market value. That’s why you need a real estate professional to help you with the negotiations.
- Stage Your Home Properly
When deciding to sell your home – it becomes a product versus a home. The way we live in a home, and sell a home are two different settings. While you may love your décor, and not all buyers will feel the same way about your paint colors, etc. There are two things that will help you beat out the competition, get you the best price possible and in the quickest timeframe – Declutter, Depersonalize, and Curb Appeal. Remember, first impressions sell! If a buyer can vision their personal things in the home, instead of photos of your life story, they will come back! The right arrangements can move you into a higher price-point and help buyers fall in love the