When the market is hot for home sellers, it's easy to jump on that wagon and put your home on the market for almost-guaranteed profit. However, if you're thinking, 'I'm going to sell my single family house and make a lot of money', then you need to make sure your motivators are beneficial all the way around.
Money isn't everything when it comes to selling a home, and even if the profit sounds nice, there might be other things you should consider when it comes to real estate as well. Here are reasons why profit alone shouldn't be your main motivator for selling your home.
You might lose sight of the big picture
If you only have profit in mind when you put your home on the market, you might lose sight of the big picture. For example, you might lose sight of the fact that if you can sell your home for a profit, you might not be able to buy another home without liquidating that profit into a down payment. Or, you might sell your home and then realize you cannot afford to buy another home at all.
Before you sell your home with profit-making intentions, think about what you intend on doing with not just the money, but with your living situation. If you have a property in mind and a means of buying it before you sell your home, then you're in a better position to sell for profit.
You might sell and then regret it
If you are fully ready to sell your single family home, you have more than money in mind when you do. Perhaps you want a different home, new area to live in, or you want to downgrade so your mortgage is less. Don't sell for money alone, even if you have been thinking, 'I should sell my single family house' for quite some time. Think about the other reasons that benefit you in selling your home or else you might end up regretting selling.
Your real estate agent, such as one from the Olivia Cooley Group, will help you out in listing your home, first by getting a valuation of your property, then by creating a listing that can draw lots of buyer interest. If you are ready to sell your home, make sure your motivation for doing so is on the right path so you can not only make some money off your home, but have other benefits besides. Your real estate agent can walk you through the selling process.
Once you sign the sale contract with your listing agent, there's a good chance that things will start moving quickly. Your agent will want you to stage your home for the listing photos, open houses, and showings. If you've never experienced the staging process, you may not know exactly what to do or where to start. The information on this site will help you to not only understand what's expected of staging but also offer tips for you to maximize your efforts without investing a lot of time. I hope the information here makes your home sale process a little bit less confusing and a little easier to manage.