Saturday, July 30, 2011

Before You List Your Home

By Frank Woods


Now that you are selling your home, you need to figure out how to turn it into the most valuable asset it can be. If you want to know how, Our Essential House Selling Tips will be able to help you.

Think of Your Home as a Financial Asset in Order to Increase the Equity When Selling Your Home

A transition takes place when you begin the process of selling your home. The question you need to answer is how do you get the most equity out of your house and you will also see your home as not a home, but as a financial asset.

With this one piece of advice, you of your home selling decisions will come into sharp perspective. If this one simple decision isn't made by the seller, then this becomes the biggest reason that a home doesn't sell when selling a home at the best price on the market or within a reasonable time frame or with equitable terms.

Your first decision when you decide to sell your home is to separate yourself from the personal feelings you have about the house. Often when you talk with Realtors about buying real estate, we'll refer to your new property as a "home." When you sell a property, we'll often refer to your property as a house. Usually, buying a home is an emotional decision while selling a house is a financial decision and one for which emotional detachment is required. The memories as well as the sentimental attachment you have in your home is something that potential home buyers don't want to know or don't really care about. In order to sell your home, the best way in fact is to make it seem like you don't live there. More about that in the next section.

When you decide to sell your home, resolve to yourself that your home no longer belongs to you. Before you close on escrow, you can think more clearly about all the decisions that you need to make when you think of your house as another financial transaction such as a currency trade or a commodity trade. It is in your best financial interest to do everything possible to allow them to see your house as their new home since buyers, on the other hand, would invest emotion into the purchase of their new home. The downside to not detaching yourself emotionally from selling your house is that the process becomes more difficult for you, and at times, unconsciously, you can either drive potential buyers away, reduce to opportunity for all potential buyers to see your house or unintentionally create other situations that take it longer than need be to sell your house.




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