People sell their home for several reasons. Sometimes its because of a relocation, a downsize or an upsize depending on housing needs. Sellers remorse is that sick feeling you might have when you believe you’ve made a mistake when selling your home.
It’s not uncommon for a seller to experience some remorse when walking out the front door for the last time. Especially If you have spent years in the home and have many great memories. These helpful tips will help to avoid seller’s remorse.
1. Know your homes current market value
A CMA or comparative market analysis is a report that will analyze sales of comparable homes in your area. This report will help you set a realistic expectation of your homes value when selling.
Not ready to sell your home but want to stay informed about how your neighbourhood is performing in the marketplace? You can receive free market updates here. It’s a free service and you can cancel at any time.
2. Focus on your motivation for selling
The selling process can be stressful at various stages to downright disappointing. It can come in the form of bad feedback after a showing or a lowball offer in a hot market. However, this kind of stress may have you questioning why you placed your home for sale in the first place however, gently remind yourself of the pros and cons of staying in your home.
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Stay focused on your reason for selling. Maybe you wanted a bigger home or one closer to work or family. Maybe the house is too big and you want to move closer to the city and amenities as you age. Staying focused will help with stress and prevent sellers remorse.
3. Make solid plans for after you sell
In a sellers market you may receive top dollar for your home but feel defeated if you do not have anywhere to go after closing. In a sellers market there is a shortage of inventory and it may take longer than you expect to find your next home. This could mean more than one move so ensure you have a solid plan for moving day and where you will live after the sale. Maybe securing a rental property to ensure you have a home for the interim.
4. Listen to your Realtor®
It’s a familiar story, you’ve sold your home and you were happy with the price and closing date but everyone has an opinion and they are not shy about sharing it. Your in-laws or friends think you could have made more money, but in all honesty listen to the expert. Your Realtor® has access to data that outsiders don’t have at their fingertips. Agents can backup their actions with data.
Roy Thomas SRES® (Senior’s Real Estate Specialist) is a REALTOR® with Sutton Group Professional Realty. Since 1991, Roy specializes in helping retirees with their later in life real estate transactions. Call Roy at 902-497-3031 or contact Roy here