Whether you’re buying or selling a home in Hugo, MN, you may find yourself wearing a beautiful pair of rose colored glasses. Buying or selling a home can be an emotional process, and sellers and buyers have different blind spots that they are susceptible to in a sale or purchase. This article outlines a few of the ways that you can prepare yourself for a successful transaction by taking off the glasses.
As a seller, you have an emotional attachment to the house you’re selling, particularly if you’ve had it for many years or if you’ve raised a family in it. It’s easy to subconsciously expect potential buyers to see what a wonderful home you have; how full of love and life it is. But it’s imperative as a seller to see your house through the eyes of a buyer who doesn’t have your emotional attachments:
Taking care of your home and keeping it from falling into a state of disrepair protects your investment and maybe your equity, while providing a safe, happy and healthy environment for your family but does not equate to a family room addition, a newly finished basement, a stylish new kitchen or master bedroom suite.
The buyer doesn’t know or care about how many trees you had to remove to put up the fence or how many you had to plant to block out the noise from the street.
Nor does your buyer receive the emotional value of your home, beautifully gift wrapped as a house warming present. They come with their very own set of hopes and dreams.
As a buyer, you also have perspectives that can cloud your judgment. The fact that it’s a strong buyer’s market has the potential to leave buyers feeling like they need to get not only a good house for a good price, but a mansion for a fire sale price. This can lead to disappointment over anything less than a steal, and an inability to move ahead on a good property for a good price.
A well cared for, meticulously maintained home may provide the perfect foundation for creating your dream home. Don’t overlook great “potential.” If the location is great, the structure secure, the heat, plumbing and electrical updated or declared safe by a licensed professional you may have stumbled upon a hidden gem.
Everyone wears glasses – colored perspective – when they enter into buying or selling a home. As you work toward selling your current or buying your future home in Hugo, MN, do what you can to see the other side of things. You’ll be well on your way to a successful closing!