home selling strategies
What happens when you want to buy a home, but you need the proceeds from the sale of your current home to put the deal together?
Let’s say a homeowner who THOUGHT they were perfectly happy in their current home comes across what they feel is their dream home. They want that home, and they feel they need to make an offer as soon as they can. The problem is, they need the proceeds from the sale of their current home to close the deal. The double-whammy to the problem is…they don’t have their current home listed for sale.
This can be an issue if you’ve already found your home of choice. In fact, we would always recommend putting a plan together where you list your home for sale first before you find your “dream home.” Why?
For one thing, many sellers want to be sure that their escrow will close on time…or at least close at all. Their accepting your offer would mean that they have very little control over the time it will take for your home to sell and close escrow. Continue reading
How much are you really making by over pricing your home?
We’ve often spoke about the proven strategy that will sell your home for the highest dollar amount. Many sellers are convinced their home is worth more than their neighbor’s, or that the principle of Fair Market Value can be taken merely as a suggestion.
It’s understandable that you want the absolute most for your home, and it’s our goal to help you achieve a sale that will satisfy you and help meet your real estate goals. The latter is something we want to focus on, as most sellers only look at the dollar amount without considering the potential losses they may face when trying to price their home above market.
While money is definitely a motivating factor when selling your home, it’s only ONE of the many goals for homeowners. Whether you’re moving up, moving down, or perhaps “flipping” a house, there’s one factor you MUST consider along with the selling price: TIME!
The Time Principle
Time is critical, in many cases, to the sale of your home. Think about it: If you already purchased another home, or you’re about to begin paying the mortgage on that rehabbed investment property, the longer it takes to sell, the more it will cost you. How much might you spend in extra mortgage payments while waiting for that buyer who you expect to buy your home that’s priced higher than any other comparable properties nearby? Continue reading