Listing your home on the residential sales market can be a big decision. How do you truly know when or if you are ready to list your home on the market? Well, here are some questions to think about before visiting your Clagett Enterprises real estate agents.
Getting a Clue
Before listing your home on the market, you should do some research. Learn about homes of comparable size online. Learning what other homes in the area are selling for could give you an idea of how long it could take to sell your house as well as the price and any upgrades you need to make before selling or listing your house on the residential sales market. Also hiring an appraiser before listing your home on the market can give you an idea of the list price for your house. It could be the deciding factor. If your home isn’t worth nearly as much money as you paid for it several years ago, it might not be worth selling it for a loss in profit.
Think About Equity
When the housing market declined in 2008-09, many homeowners were forced to sell their homes in order to pay off their debts. But they had to sell their homes at a loss because they had negative equity. This means that they owed more on their homes than they were actually worth. Equity in a home is pretty easy to figure out. Take the appraisal and subtract how much you owe on your mortgage. What is left over is equity or profit for you.
Think About Your Needs
If your home is too big for you and your family, it might be time to move. If you have thought about moving to another state or just to another part of the city, this could be your opportunity. Before listing your home on the residential sales market, think about where you’d like to live and what you are looking for in a new home. Would you like a condo in the city close to the action or a house in the suburbs? These are decisions that could help you decide if you should move or stay put.
Are You Ready?
Now is the time to think about you. Are you ready for the work involved? Selling a home is not a two-step process. First you will have to put some work into your home. Whether it is staging, renovations, or just keeping the house clean, your free time will be spent worrying about the details of your house. It could take weeks or months to sell so you must be ready to stay there for a little longer. Criticism is also going to be given very freely. People tend to leave their filters at the door whenever they see a “for sale” sign. You will hear plenty of criticism from other real estate agents to home inspectors and even potential buyers. It is also a matter of the heart. If you are emotionally attached to your home, then it is not the right time for you to think about selling.
Sometimes a change of pace and venue are exactly what you need in your life. If you know you are ready to sell your home, contact the Clagett Enterprises team of real estate agents and we will help you move on with your life!
Selling Your Residential Property with Clagett Enterprises
At Clagett Enterprises, we have extensive experience serving the greater Frederick area and Western Maryland, since 1987. Our team is a full service real estate company that’s ready to help you with your real estate needs. Speak with a Clagett professional at 301-665-6009, or request a proposal for preventive maintenance here.