How can I be sure now is the right time to sell?
For some homeowners, the decision to sell at a particular time is necessitated due to job relocation or some other factor that makes the answer to this question an easy one. However, for the majority of sellers, moving is a more subjective matter. Therefore, one of the most important first steps any potential seller can take is to decide what his or her own personal motivations are for selling.
How do I find out what other comparable homes are selling for in my neighborhood?
After you know why you want to sell, the next step is to get a clear picture of the current local real estate market to determine whether factors are in favor of allowing you to achieve your goals. Sellers can compile this information themselves by researching home sales to find out what comparable homes are selling for, or they can talk to a Realtor they trust who can provide them with this information as well as current insights on the market.
How much money will I get if I sell now?
Pricing will depend on how much similar homes in the area are selling for. But each home is different. The best price is the one that takes all of the property’s advantages and disadvantages into account as well as the goals of the seller. For instance, if the sellers absolutely must sell within a given time frame, they may need to set a slightly lower price than a similar home with owners who are in no rush and want to maximize their profit.
How long will it take for my home to sell?
Local real estate boards keep track of the average length of time most properties stay on the market in the area. Prospective sellers should pay close attention to the time frames established in their listing agreement before they sign with any agent. They should ask their agent how long most of his or her listings remain on the market, and what will happen if their home doesn’t sell within the prescribed time. But beware of an agent who promises extra speedy results. They could simply be pricing too low just to get the home sold quickly.