Do you think you should ask yourself a few questions prior to listing your home? I mean even before you call a real estate professional to interview for the job. I am not talking about who you are going to use but I am talking about what is important to you. In today's long beach real estate market there are some questions that you should ask yourself prior to picking up that phone or going on to Google to search for the real estate professional who is going to help you.
So what are the tough questions that you should actually ask yourself? That is the topic of today's post and these are always the toughest questions to ask. We will discuss some of these questions in the post and let's open it up to comments for the ones that aren't discussed.
- Do I have to sell?
- What is my motivation to sell?
- How motivated am I to sell?
- Am I committed to selling my home?
- What are my options if I don't sell or don't get the price I hope for?
We want to take a few of these and discuss them. It is important to be brutally honest with yourself prior to selling so you don't get in a situation that will cause you more stress and work.
Do I have to sell?
If you have to sell because of a job change or an adjusting loan make sure you know that you absolutely have to sell. Is there a severance package that you get or can you get a short term loan till your next job. Have you evaluated that you must sell. Make sure that you know the answer to this because often it isn't as bad as one things.
Am I committed to selling?
If you are really committed to selling make sure that you ask yourself this question: If I got 15% less than I was hoping for would I still sell. If it isn't a YES make sure you have all your numbers worked out and really know your motivation level. Use a scale of 1 to 10. 1 being you aren't motivated and 10 is you wish you were gone yesterday. If you are 8 or above proceed with more investigation.
What are my options if I don't get my price?
Remember above I asked you to think about 15% less than you thought? Well if you did get 15% less could you still move? Would you have enough for the next down payment? Can you use your proceeds in a different way or is your future impacted?
It isn't always about how much money you receive from your sale but how you use your money. Keep that in mind when you are looking at accepting an offer or considering a price reduction.
If you want to know what your market is doing fill out the market snapshot form on the right to get an idea of what your home would be worth in today's market.
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