1. Are you ready to sell?
For some sellers, the reason to move is obvious - a job transfer, marriage, financial hardship, an addition to the family, etc. For others that are not pressured to move, a little more thought has to go into the decision. A few things to consider if you find you are in the latter category:
Where do you want to move?
You don't need to know the exact address of where you want to move to, but you have a general idea. More importantly, you need to know if you can afford to move to your desired place. There is no sense in getting your place ready to go on to the market only to realize you can't afford to move to the place you want.
Can you afford to move?
Unfortunately, the real estate market is still recovering in some areas and you may owe more than what the home is worth. This is what is known as being 'under water' on your mortgage. Do you have the financial resources to bring money to the settlement table if needed?
Is your condo in the best condition?
If you want to get top dollar for you condo, in has to be in prime condition. Do you have any major repairs to be made? Maybe new carpet or a paint job? If you are not ready to tackle those jobs and not willing to be realistic on the price, then maybe it is not the best time to sell.
Are you committed to selling?
Condos that are in a desirable area, in great condition and are well-priced, sell quickly. Others tend to take a little longer. Are you willing to keep your place looking great and ready to show on short notice? If the answer is no, then you might want to reconsider selling, or wait until you move out to put your condo on the market.
Are you buying and selling concurrently?
Buying and selling concurrently is quite common, but takes more planning to pull off successfully. If your condo sells fast, do you have a place to move to? If you find your dream home, is your condo ready to go on the market or are you willing to sell at a discount to get the place your really want? An experienced agent is your lifeline in these situations. It is easier to work with one agent when buying and selling concurrently, unless you are moving into a very different market that requires certain expertise.
You might not have the answers to all these questions and would benefit from having some guidance. Feel free to contact us by phone, email, chat, text or fill out this form and we will contact you.