It is a seller’s market still in North Texas. Are you thinking about jumping into the action, and selling your house? Before you do, here are some thoughts to take into consideration:
What does your equity look like? If you don’t have enough equity to cover your next home’s down payment, then you should not be looking to sell you house.
However, it is a seller’s market, and you could have more equity than you think. Make sure you are working with up-to-date numbers when determining your equity.
Do you have the funds for the prep work? True, there are more buyers than there are sellers right now, but you’ll still have work to do, and that work will cost. Make sure you save enough to cover expenses like a certified home inspection, and necessary updates and TLC.
What does a professional think? Before jumping into the home-selling game, get counsel from someone who sells homes all the time. An honest opinion from a professional can save you money on big mistakes.
Are you ready to make a home purchase yourself? Now is the time to sell, but if you are selling your home, odds are that you will need to buy a new one. Prices have gone up, and you will get better offers on the home you are selling, but you need to be prepared to pay more for your next purchase.
When preparing to sell your home, it’s essential to assess various factors to ensure a smooth and successful sale. Whether it’s understanding your home’s equity, budgeting for necessary preparations, seeking professional advice, or considering your own readiness to purchase a new home, thorough preparation is key to maximizing your selling potential.
All blog information is of the opinion of the Loan Officer and is not supported by Fairway Independent Mortgage Corporation
