Are You Afraid to Sell Your Home Too Early?

Selling your home for a profit is always ideal but what happens if you sell your home then it doubles in price a year or two later?  You may then kick yourself for not holding onto your property for a little longer. 

This feeling you may have is called seller’s remorse- a feeling most people get who have sold their home.  There’s no time limit to when seller’s remorse will hit after you sell your home. You may ask yourself, when is the right time to sell my home?

You can’t predict the housing market- Just like stocks, you never know what the housing market might do.  You can’t beat yourself up for selling your home when you did to find out it doubled in price a year or two later.  To snap out of your seller’s remorse always remember, home prices could drop in price.

Home prices could go up- You may get more money for your home; your new home could cost you more.  With the extra cash you are receiving for your home, you may have to invest more into your new home.

Sell your home when you have to- Chances are you aren’t selling your home just because, there is a reason you need to move.  Don’t hold onto a home that doesn’t fit your family or you aren’t comfortable in.  

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Real Estate Etiquette- How to Respect Others When Purchasing/Selling a Home?

If you are a buyer or seller there are certain “guidelines” you should follow to keep your experience positive and prevent any issues later like legal action.  Even if it is your first time buying or selling a home, you’ve had social interaction before. 

If you are looking for real estate- If you are wanting to purchase a new home but you aren’t quite sure where or what your budget may be- you should do research before contacting a realtor.  Once you’ve established the area and budget of your new home, contact your trusted realtor.  Once you’ve contacted your realtor consider asking them: their fees, if they work on a team, methods of communication, if they are familiar with the are you are looking in, what info they have to provide for the new area you are looking in like comparative market analysis, and your preference on open houses or touring houses

Honesty- Be honest, if you don’t like the home let your realtor know so he or she can find something in your style.  If you are selling a home, be open to feedback- taking personal pictures off the wall or removing personal items.

Respect Time- Time is something people don’t have enough of, try not to call at all times of the night and day with every detail you can think of. Jot your thoughts down and make one call or one email.

Making an Offer- If you fall in love with a property, make an offer right away.  Chances are someone else likes that property too but don’t except to hear back right away.  The seller may take some time to review your offer or other offers as they come.  If you are the seller, you should show the same respect.  When you are presented with an offer make sure you are aware of the amount of time you are given to respond.

Don’t forget to send your realtor a “thank you” note once you have found a house, make an offer, closed, and moved or if your agent has sold your home.