Starting to Sell

How much is my home worth?
It's critical to price your home right in relationship to the current real estate market and to the conditions prevailing in your local marketplace.

If you want to sell quickly, you may want to set your price lower. If the time it takes to sell your home is not that important then you may be able to establish a higher list price.

To get the most accurate estimate of how much you should list your property for, ask your Coldwell Banker Bain agent to provide you with a Comparative market analysis - an informal estimate of market value. A comparative market analysis takes into account many aspects of your home, including size, features, and annual costs associated with your home, as well as known or market enhancing repairs and improvements. You will also receive information on recently sold, and listed comparable homes currently for sale in similar market areas.

For a free comparative market analysis, contact me.

When is the best time?

Any time of the year is the right time, if you want to or need to move. There are advantages and disadvantages to listing and selling at any specific time. In addition to supply and demand and other economic factors, the time of year you choose to sell will have effects. Generally there are more homes on the market as early as February, with the strongest selling season usually lasting through May and June.

With the onset of summer, fewer homes are listed, making it a good time to list because there are more buyers and fewer homes for sale. Listing activity picks again in the Fall when there tends to be more available.

Sellers often wonder whether or not they should take their homes off the market for the holidays. Generally speaking, you'll have the best results if your house is available to show to prospective buyers continuously until it sells. After all, the holiday season is a wonderful time to show your home while it's filled with the sights and smells of the season.

To assist you in deciding exactly when to sell your home, take these things into consideration:

Sell your home before you buy a new home.

Pro - You'll know exactly how much you have to spend on your new home because you'll already have the earnings from selling your present home.
Con - The home of your dreams may not be on the market right now and you could be forced to a move several times. Buy a home before you sell your home.
Pro - You'll have found your perfect home, and you can put your existing house up for sale.
Con - You won't know exactly what your net proceeds are until you sell your home. You also won't know how long it will take to sell your home. Make sure your agent assists you by pricing your home competitively. You'll also need to discuss with your agent the special financing options available to you if you wait to sell your home. Buy a home contingent upon the sale of your home.
Pro - In this scenario, you are not obligated to buy the house you've found unless you sell your house.
Cons - You are never certain whether that dream home is really yours until your have an acceptable offer on your existing home AND it is closed. Also, you tend to lose your negotiating power as a buyer in this scenario.

Selling your home - An article from the IRS regarding taxes and the sale of your home.

I hope you enjoy your visit and come back soon. I am always available for personal service by phone or email, so please contact me with questions any time!