The decision of whether now is an ideal time for selling your home or another property can be a challenge, but there are a couple points you can consider as you try to make the best decision for you, your family and your finances. The Short Sale Gal Kristine Zelazo looks at a few points to keep in mind while you consider whether it’s a good time for selling a home.
CONSIDERATIONS FOR SELLING YOUR HOME: THE HOUSING MARKET
The housing market conditions are a major consideration when deciding whether to sell a property. Many erroneously believe that you must wait until it’s a strong seller’s market before you sell, but this isn’t necessarily the case, particularly if you’re planning to purchase another property in the immediate future.
The reason? While you may get less for your property in a buyer-friendly market, it’s also important to remember that the purchase price on the new property will be proportionately lower. So your dollar will go further.
Of course, if you’re not planning to purchase another property right away, it may be best to hold off until it’s a strong seller’s market, with higher real estate prices.
SELLING YOUR HOME: DO YOU HAVE THE FUNDS TO MOVE?
Most people focus on the actual cost of hiring a realtor and closing costs for securing a mortgage and so forth.
But packing materials, hiring a moving company and hiring someone to pack up your home if you don’t have the time to do it yourself — these are all costly propositions! So you must really consider whether you have the current budget for selling your home and moving at this point in time.
CONSIDERATIONS FOR SELLING YOUR HOME: THE TIME OF YEAR
Planning a move and handling a real estate transaction can be a very time-consuming process, so it’s wise to consider the time of year relative to holidays, vacation time at work, your kids’ school schedule and other seasonal factors.
What’s more, real estate sales tend to slow around the holidays and in some markets, around the middle of the summer. So it could take longer to sell a property if you sell during an “off season.”
It’s also key to consider how much work and money you’re willing to invest into your home if you plan to do improvements prior to selling. Seasonal aspects can also impact cashflow and the amount of free time you have to perform any repairs or upgrades yourself.
BUYING OR SELLING A HOME WITH KRISTINE ZELAZO, THE SHORT SALE GAL
If you’re in search of an investment property, wish to get involved in real estate investments such as buying short sales, but are unsure of where to begin, turn to Kristine Zelazo, the Short Sale Gal! In addition to helping buyers and sellers with short sale transactions in South Florida and beyond, The Short Sale Gal Kristine Zelazo also works with a small number of real estate investors who are seeking to get involved in short sale investing, rehabbing and fix and flipping properties.
Kristine Zelazo has years of experience in the real estate investing field, so she’s well-positioned to provide guidance to new investors who are seeking a mentor and business partner.
In addition, The Short Sale Gal also serves as a short sale expert and licensed Realtor, assisting individuals who are seeking to sell their distressed properties in a short sale in South Florida and beyond.
If you’re seeking to sell your home in a short sale or wish to sell your home to an investor, simply complete the home pre-sale form to provide Kristine with additional information on the property in question. Questions? Call 800.664.0616, x802.