Motivation for Listing Your Property

It is important to be personally prepared to sell your property and understand your true motivations in selling. The process can be long and challenging during the current market conditions and being comfortable with why you are selling can help eliminate stress during the process.

Think about why you are selling your home. Are you moving for work and need to make a fast sale? Are you retiring? Did your family grow and you need a larger home? Do you need to move to be closer to family? The answer to the questions of why you are selling leads to the next set of questions…Will you stay in the house until it sells, leave the house vacant or have a tenant? What is your price objective for the outcome of the sale?

All of the above factors are based on your personal comfort level and goals. They will also affect how the home is marketed. Currently, the average home is on the market for 180 days and pricing is usually the key factor. Understand the timeframe you need to sell a property.

There are many distressed, foreclosed or overburdened properties currently on the market and more entering the market every day. These situations are more stressful for the seller than a regular sale and there are many options available based on your specific circumstance. Options can include a Short Sale (selling below what you owe on your mortgage), deed in Lieu of foreclosure or bankruptcy. You should speak with your financial advisor to determine which option is best for you.

Working with a Realtor® may help you reach your goals but only if you share with them your motivation. There are many listing options for all circumstances and working with a professional will help guide you in achieving your goals.