It’s hard not to feel anxious when you’re selling your home. One mistake can have devastating financial consequences. You can avoid much of the anxiety and stress that comes with selling your home.
These are some tips to help you reduce stress when it comes time to sell your house.
1. Be realistic when you are selling your house
Uncertainty is one of the main sources of stress in putting your house on the market. Once you put your house for sale, questions like “what if it doesn’t sell for my asking price” or “what if it sits too long in the market” begin to enter your thoughts. You can manage your expectations by increasing your knowledge of the market. This can be done on your own by conducting research, or you can ask your agent about their knowledge of the market.
2. You can reduce stress by doing your homework
Selling your home can be a complex process. Here are some things to keep in mind so you can navigate it smoothly. You should exercise caution and be careful before you rush into the home selling process. This will help to reduce anxiety and prevent costly mistakes. These are the most important things to consider when you sell your property.
You can overlook the costs of selling your house, especially if you are too focused on the possible profit. These costs can quickly add up to thousands of dollars. It is important to consider all these costs in order to be realistic about how much you will earn after a successful transaction. These costs include:
- Commissions for agents
- Capital gains tax
- Conveyancer fees or conveyancer fees
- Council rates
- Lender’s fees
- Property-styling costs
- Advertising costs
While price is one of the most important factors in a quick sale, many homeowners make the mistake of setting unrealistic prices, which can drive away potential buyers. Experts recommend that you research comparable properties in your area to get an idea of the actual value. It is also advisable to get a professional property valuation, so you can have an accurate estimate of your home’s value.
Timing of sale
Home sellers have been struggling to decide when is the best time to sell their home. Experts believe spring is the best season to sell, due to the overabundance and good weather. Autumn is second. Summer – because it coincides with the holiday season – and winter – because of cold weather – are not considered ideal if you are looking for a quick sale. Talk to your agent if you have any questions about when to list your property in order to maximize its value.
Many homeowners hire a professional to sell their homes. For first-time sellers, this is common as they may not have enough industry knowledge to navigate the process. But there is a growing trend, called “for sale by owner” or FSBO, where the agent is removed from the equation and homeowners take it upon themselves to sell their property. This route is possible if you have a good understanding of the housing market.
3. Prepare your home
Making a good first impression is crucial to your sale of your home. It is worth the effort and time spent to prepare your home so that you feel comfortable about showing your home in its best light. You should invest in quality advertising to attract buyers, stage your house to show its strengths and complete the repairs and renovations before you list your home.
4. Flexibility and openness are key
Selling your home can be difficult because it is a place where many memories are created. You will struggle to find a buyer if your mind is not open to the possibility of resentful emotions. Finding the right buyer requires that you are able to let go of negative emotions and accept constructive feedback. It is possible to have your heart set on a price for your home. However, if the market suggests something lower, it is worth being flexible. The sales process can be made easier by keeping an open mind and evaluating offers.
5. Pick the right agent
Incompetent agents can make it difficult to sell your property and lead to frustration. They can devalue your property, delay selling, or even turn away potential buyers. Experts recommend taking the time to find an agent you feel comfortable working with, who is committed to your best interests and has your best interest at heart. An agent who is knowledgeable about your area and has had success selling in that market should be a strong choice.
6. Safety precautions
Selling your home can be a draining endeavour under normal circumstances – and with the pandemic placing the entire housing market in unprecedented times, another layer of concern has been added to the sales process. It is best to adhere to COVID-19 safety guidelines in order not to be concerned. For example, when conducting face-to–face viewings, it is important to keep the number per visit low and ask visitors to wear masks. Hand sanitizer can also be provided. Make sure you disinfect your home as soon as the guests have left.
7. Practice self-care
Although it can be easy to get overwhelmed by the home-selling process you need to remember to take good care of yourself. It is important to maintain a healthy lifestyle during the home-selling process. It is possible to have the energy and stamina you need to tackle any challenge by eating healthy and exercising. Positive thinking is key. It is important to remember that your attitude and response to problems will directly impact how stressful it will be.