Fear that you will sell too at low a price and look like an idiot to friends and family
Seeing your house as everyone's dream home and forgetting it's only your dream home.
Danger #1 - The price of you property keeps dropping while you wait to sell
The current market situation - home prices are dropping monthly in most locations
As a smart seller you know that price is the key to selling and you want a certain price. I understand how you feel, I had another seller who felt the same way but they realized that if they sold quickly at a lower price it would still be a better price they might get waiting too long and seeing the prices drop even more. They knew they were making the great choice because they were going to get the best price in these market conditions. Yes the prices may drop and so what! Once you sold your home you can move on to take advantage of the bargain prices for your next home. You can move upward instead of just standing still like everyone else in the crowd. You can stand above the average guy waiting to sell because you can buy low.
Danger #2 Make sure you can qualify to buy another home before you sell.
As a smart seller you know that you must qualify for a new loan to buy another home. Being the savvy seller that you are you sit with a mortgage broker and are totally qualified for new loan before you put your house up for sale. You move ahead with confidence since you already are prepared for your next purchase and are not suddenly left to find a rented home.
To get a free price comparison or my free Smart Seller's Newsletter email me right away at Lkostyo@cox.net.
Laura Kostyo, Star Team Realty has been in real estate for over 20 years working in this cyclical market.
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