Find Your Home!

Tuesday, June 11, 2013

Home Seller Tips - The price of memories...

Selling a home is an emotional experience.  Sellers are very often attached to the memories associated with their house.

Sometimes sellers attempt to price in these memories when they are trying to sell their home.  If memories could have a price tag associated with them you can be sure the seller's price will not be anywhere near a prospective buyer's value.

Selling a home requires sellers to keep emotions in check.  When deciding on a listing price for your home an unemotional cost-benefit analysis is a good starting point.

First, consider why you are selling?  Are you moving up to a larger home or downsizing?  In a market with increasing prices (and competition) your replacement property will also be increasing in price as your home lingers on the market.  Is this a winning scenario?

What about the carrying costs?  Do you want to continue paying your mortgage, insurance, association dues and other expenses for additional months?

Think about interest rates as well.  Are they headed up?  As interest rates increase the buying power for those getting a mortgage will likely decrease.

And then what about the constant disruption to your life as you endure people always wanting t o view your property.  

When you are ready to list your home consider your pricing strategy early on.  The two key considerations impacting your success - price and preparation -  can not be lightly addressed.

As for the price of memories?  There is no need to price your memories.  They will go with you wherever you may move next.

Follow by Email