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Check out these tips to help prevent Sellers Remorse

Wednesday, February 20, 2019   /   by Jody Lee

Check out these tips to help prevent Sellers Remorse

Seller’s remorse, (the feeling of regret after selling something of substantial value) the average person has never experienced this kind of regret because making huge purchases and having (buyer’s remorse) happens more often than they get to sell anything of great value. This regret is quite unheard of, in fact, home sellers almost never anticipate it.


Selling a house is a very emotional experience, especially for those who have spent a large part of their lives calling it “home.” Sometimes it’s just cold feet which is perfectly normal. However, some end up having valid concerns about the sale, which often happens when contracts have been signed and it’s already too late.


 


 1. Did I price my house right?


After the sale of their home, sellers may have second thoughts regarding the amount they sold it for.


When selling your house pricing your home is ultimately up to you as the seller. Seek the help of an experienced real estate agent that you trust. You will be advised to not overprice your home, and don’t let your emotional attachment help determine the value. An overpriced home will sit on the market for longer than it should ultimately cause you to possibly lower the price or accept a lower offer. Your agent will prepare a CMA (comparative market analysis) for you. This CMA will show you similar properties that have sold around your home and for how much. You will also see Contingent/ pending properties, and active homes to compare to. They will then advise you on a competitive price range to list your home at. It is very important to get the price right before putting it on the market.


 2. When is the right time to sell?


Don’t make an impulsive decision to sell your home because the market is in your favor and you could make a good return, or to quickly get out of debt. Does your house not fit your lifestyle right this minute?

If selling your home for financial reasons, make sure you have thought thru all the options you have. Will you be buying another home that is smarter financially, or throwing your money away to a landlord?  Did you get a new hobby, a big boat, or need another bathroom? Remodeling a home you already own is a good idea, or putting in a slab for parking toys. If that isn’t the best option then make sure you talk to your agent and explain to them what you are needing in your next home. Sometimes that first home was your starter home and you now need a couple more bedrooms, that really big shop you always wanted, or you're at the point you just want to downsize. 


 3. Will I be able to find a home I love as much as I loved the one I sold?


Sellers who have loved their previous home so much often worry they’ll never find one as great as the one they sold.


It’s normal to feel such a strong attachment to a home that was well loved and lived in, but if you’re worried that you won’t find a house you’ll love just as much—don’t panic. Its again all about communicating with your agent, telling them what you’re looking for and being open to looking at a lot of houses for sale. That house will be out there at just the right time and you will know when you walk in that door you found your next HOME!


 The bittersweet feeling when selling your home is inevitable, but a bad case of seller’s remorse is something you can avoid with careful planning


  spokane real estate, selling home, home selling, buying and selling a home, home seller tips, getting ready to sell, tips, marketing, real estate agents, home value, listing, jody lee

Haven Real Estate Group
Cambria Henry
304 W Pacific Ave; Suite 360
Spokane, WA 99201
509-590-4701

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