Your family is growing, or the last child has now left the nest. You’ve recently married, or have been transferred due to a job. Whatever the reason, you’ve decided to sell your home and move on to something else.
Selling a home is emotional for many. But as a seller if you try and keep in mind the old saying “Home is where the heart is” it may be a little easier. While you undoubtedly have many wonderful memories of family and events in the house you are selling, you will always have those memories, and that makes them priceless. Unfortunately the buyers aren’t buying our memories, and we need to keep that in mind when working with our Realtor to price the home.
The good news is, on the flip side of that, upgrades and other improvements are tangible items that buyers can affix a price tag to. But a word of caution, not all Home Improvement projects will yield a high return on investment. The return on investment will depend on the type of improvement, how long ago it was done and what the average return on investment for that improvement in that geographic region would be. Your Realtor can certainly help you determine these things.
How quickly do you want or need to sell? This is another factor you should consider. What is the absorption rate in the area? The absorption rate tells you how many months of inventory you have on the market. In other words it will tell you how long it will take for all homes in that area to sell if no other homes came on the market. Use this information to determine how aggressive you need to be when pricing your home.
There is much more to consider, but these are just a few.
If you or someone you know are considering selling or buying, please feel free to contact me for a no obligation consultation.
Dawn Whalen, Realtor
Keller Williams Realty
Serving Your Family’s Needs First
317-893-0648 office
317-459-5182 cell
