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Sellers
Decide to Sell
Deciding to sell your home or real estate is a BIG decision. It's very important to set out in writing the reasons that are motivating you to sell your current home. Every decision you make, and every step you take is crucial in helping you get what you want, in the time you want, with the fewest problems possible. That's why you need an experienced real estate agent that will assist your selling process.
Why Do You Want to Sell?
You should ask yourself, "Why am I selling my home, what do I want to accomplish, and in what time frame. Maybe you want to move to a different neighborhood, school district, or to be closer to family or employment opportunities. Obviously, you need a plan. Look at your long and short term goals, and decide how selling your house fits into those objectives.
When Do You Want to Sell?
If it is critical for you to sell quickly, using a CREIT real estate agent can help you expedite the process compared to selling your own home. Or, perhaps you have the flexibility of deciding when you want to sell, and there is no urgency. For example, if you have a growing family, and need more space, you might have more time to get your house sold, and less urgency to sell, than if you were moving to a new state due to a job transfer. We can help you understand the current market conditions in your area, and help you decide on the optimal time to place your home on the market .
What are the Current Market Conditions?
The current real estate market may affect not only how much your home might sell for, but also how quickly. For example, in a buyers market, there are more homes for sale than there are buyers, so buyers have more negotiating power. In a buyers' market, having an agent with excellent negotiating skills on your side can be instrumental in a successful sale, preserving your sales proceeds as much as possible. In a sellers' market, there are fewer homes on the market, prices may be increasing and there may be multiple bids on desirable properties. In this kind of market, an experienced agent will help you price your home properly correctly to maximize your exposure and bring you the best market price and terms available within your time frames.
Optimizing Your Finances & Taxes:
Has your current income level increased or decreased? Whether you are trading up, trading down, or even trading across, your monthly ownership expenses will change, and we can help you estimate the cumulative impact of all these changes to make sure you are making a financially sound decision. We can also help you estimate the potential proceeds from selling your home net of selling expenses which may include transfer taxes, tax withholdings, real estate commissions and in some areas certain legislated repairs. Finally, we can suggest tax savings and estate planning strategies that should be addressed with your accountant or attorney prior to completing your transaction. Depending on your circumstances, and level of interest in real estate, you may even be able to become a real estate investor.
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