A home is normally the largest financial asset you own. If you haven’t sold your home before, it can be a very complex and stressful process.
We listed below a few things to think about to make sure you’re ready for the journey ahead
1.Gauge Your Finances : properly understand what you owe on the house...are there any liens and/or second mortgages to consider. Then do a CMA report.
2. Do you Sell Your Home Or Buy A New One First? understanding when you should purchase your next home. There’s no right or wrong answer but:
Some people like to sell first so they don’t have to carry two mortgages at a time
Some people don’t like the idea of being without a home
We recommend to help decide, take a look at your current housing market.
If in buyers… greater chance of making an offer on a home contingent on sale of current home
If in sellers, homeowners are less likely to accept a contingency
3. Are you in a good state of mind to go through the process of closing?
Emotions play a big role in the mental state of mind - going through a selling process can be intense
4. Do you fully understand the selling process?
Just because you were a part of a transaction on the buying side, doesn’t mean it will be a reflection on the selling side. It’s a bit tricky, but we have the perfect guide for you..