Selling your home is a big decision, and likely many factors are at play – such as relocation due to a new job, wanting to upsize or downsize, or a big life change. Whatever the reason, there are a few key factors you should consider before listing.
How soon do you want to sell? Is the sale of your home something you’re envisioning for the future? Or is it something you’d like to do within the next few months? How quickly you sell once you decide to list will depend on things such as the state of the market, the price of your home, its location and its condition. Each of these elements influence the selling process and should be carefully weighed-out when you’re coming up with a timeline.
How much do you want to sell for? Of course, how much you want to get for your home and how much you actually get might not line up. But it’s important to think about the amount you’ll need for your next home. If the home you’re planning on buying is a lot bigger or in a more expensive city, it’s good to know ahead of time whether your current home’s sale price isn’t going to cover it.
Does your house need any repairs or renovations? If your home is older or in need of a lot of maintenance in order to get it sale-ready, it’s time to come up with a to-do list and budget. For example, if you have an outdated kitchen or bathrooms you might want to renovate before listing because these updates can get you a higher sale price. On the other hand, you might only need to do a few small touch-ups to get your home market ready.