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So you have decided to sell your property. Before anything else, it is a good idea to sit down and clarify your motivations and draw up a basic time frame for the selling process.
Why do you want to sell your property? Do you intend to simply find a larger property, or do you plan on moving to another neighborhood, school district, city or state? You might think your reasons are obvious, but it would do well to consider the implications of each option for your lifestyle, opportunities, and finances. Being clear about your intentions for selling will make it easier for us to determine the most appropriate option for your specified financial, lifestyle, and real estate goals.
You need to be aware of your time frame for selling. If you need to sell quickly, we can speed up the process by giving you a complete market analysis and action plan to obtain all of your goals. If there is no pressing need to sell immediately, you can sit down with one of our expert real estate agents to thoroughly review the current market conditions and find the most favorable time to sell.
How to price your property
Prices must be grounded in reality rather than wishful thinking.
Abandon your personal point of view. Step out of your shoes and be a shopper. How much would a willing, ready and able buyer be willing to pay for your home? Buyers do not care how much you paid for the home, how much you need from this home to purchase the next home or how much time and money you have invested in hardwood floors or landscaping. Get a CMA (comparable market analysis) with an accurate analysis of the homes that are comparable to your home that have sold in the last 6 months.
Remember that you want an honest opinion; not an agent that will suggest a flatteringly high price in order to get your listing only to demand a price reduction in 30 days. Studies have shown that the most serious buyers will identify your home as a potential purchase within the first 30 days of the listing.
An accurate price is important from the beginning.
Consider market conditions. Are homes selling quickly in your neighborhood? Are prices rising or declining? Are you selling in a buyer’s market or a seller’s market? Will your home be on the market in the spring home buying season or the dead of winter?
As a homeowner, if selling your property is not the best business decision to make then maybe you should consider leasing or renting your home. WDC Realty can assist with all of your property management needs.
If you are deciding that purchasing a home is in your future but does not suit your current needs, then let WDC Realty assist you finding a rental home that meets the needs of you and your family. There are many single family homes available for rent in our area and we can give you access to all of them.
Deciding to sell your property demands a serious consideration of your current financial situation and future possibilities. If you list your property with WDC Realty, you will be able to effectively assess the cumulative impact of these changes, estimate potential proceeds of selling your property, and plan effective tax savings and estate planning strategies. We will ensure that you not only take control of your finances, but use them to their fullest potential.