What are my lifestyle needs and why should I sell?
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Your home is one of your most prized assets. Making the decision to sell your home can be full of emotional, financial, and logical considerations that require a careful assessment.
Making the decision to sell your home
Most of us have made some major moves in our lifetime, they’re never straightforward but they can always be very positive. Depending on where you are in your life journey you will have certain motives and aspirations, we’ll support you in determining these through our needs assessment and goal-setting process. You’ll reach a clear decision and be provided with an action plan that suits your unique situation.
In regards to the process itself it is highly likely you are tossing a few unanswered questions around in your head right now.
Do I have a timeline set already?
Are there improvements I need to make to get it ready?
How much should I spend on preparing my property for sale?
What can I sell it for?
Would it be easier, and more cost-effective to sell it myself?
How do I find a REALTOR® I can trust?
Is it even the right time in the market?
What happens if it sells too quickly or too slowly?
Do I need to have another home lined up to live in?
We hear these common questions all the time, luckily for you they are very easily answered when you enlist our support. Throughout the rest of our guides and the simple steps to selling your home you’ll find information that helps answer these, when you’re ready to chat further we will be here for you.
Think about your motivations
We recommend starting with some of the clear-cut questions, building answers around these will help you understand the why, how, and what.
Are you looking to increase your property size for a growing family?
Are you looking to downsize after kids have flown the nest?
Are you retiring?
Are you looking to make a change in your lifestyle and would a new neighbourhood suit you better?
Has there been a change in your family, finances, or day-to-day life?
Are you hoping to take advantage of a seller’s market?
If you can’t find something that resonates with you here, don’t worry, these simple reasons to sell are not exhaustive. They are just the common situations that we have worked around over the last 45 years - we’ve really seen it all!
When you think about these broad questions you will begin to see where your true motivations lie. We like to break these down into lifestyle and financial goals. Often, it is a balance of both. In some cases, the need to move to a new neighbourhood is the driving factor, in others, it is the wish to cash in during a seller’s market.
Define your goals
Before you start to think about all the things that need to be done, take some time to reflect on why you are selling and clearly define your goals. Everyone has different reasons. As you start to go through this process of discovery, focus on what is important to you and your family, this will help streamline the process.
Lifestyle goals
Important questions to ask yourself:
Is there a timeline driven by work, lifestyle, or family commitments?
Are you relocating?
Are you looking for a bigger home or to downsize?
Are you looking for a different neighborhood? More city, more suburban?
Are you looking for different amenities?
Financial goals
Other important considerations:
How relevant, or pressing, are your financial considerations for selling?
Do you understand the associated costs?
Is this the right time for you to sell?
What are the present market conditions and the implications to your sale?
Does your home’s equity give you an advantage?
What are the current mortgage interest rate options compared to your rate and commitment?
Recognize that every market is different and the selling process can be a sprint or a marathon - we will prepare you for both.
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