In these uncertain times right now might not be the right time for you to be thinking about selling your North Metro Denver area home. But I want to continue to provide my clients with information they need to be prepared! I am here for you and want to continue to provide my expertise when the time is right for you. It might be helpful to take this time to reflect on what kind of seller you are! This can be very helpful for your real estate agent in guiding you in the sale of your home.
You Don’t Really Need To Sell
What kind of seller are you? Do you really need or want to sell your home? If your answer is no, then you’re the kind of seller that doesn’t really need to sell right now. You need to ask yourself if you are prepared to sell your home given the current market. Or will you want to set a high price on your home to “test the market”?
If you don’t really need to sell, you won’t be motivated to sell. It is highly likely you won’t sell until you want to sell and get realistic about the asking price of your home. If you are the type of seller waiting on the just right person to come and make you an offer? Typically with this type of seller their home will be on the market for a longer time. They find themselves just waiting for that one person out there to sell to.
You Really Need To Sell
Are you needing to sell due to a number of personal or financial scenarios? This may put you in a position where you need to sell. Usually this is coupled with a need to sell quickly. It is possible that you find yourself in this situation because of the current crisis, or if the coming months put you in a bad financial situation.
If this is your scenario, when you are interviewing real estate agents be sure to ask for a detailed, realistic market analysis showing their opinion of the sales price. Ask for details about your home and the number of days on market (DOM). What do they expect it will take to sell at various price points. You should also consider putting the asking price close to or at the expected sales price. This will encourage activity and get you offers quickly.
If you have a loan on the property and you can no longer afford the monthly mortgage payments. You should find out if you are nearing foreclosure on your home. If the loan amount is higher than the net proceeds from the sale, and you don’t have the funds to make up the difference at closing. This may cause you to go upside down on your short sale.
This will not make the selling of your home go quickly due to the bank needing to be involved in your homes sale. The bank will have the final say on sales price and terms (short sale approval). As well, this will be dependent on their negotiating with you to recover any losses they will incur. You will want to have an experienced realtor by your side to help you handle the short sale who have experience in this market. This will help you make the best decisions on how to best approach your certain situation.
How Can I Help?
I hope this article has shown you that I am a knowledgeable real estate agent. I am here for my clients in any way I can help during this difficult time. If you think you are the kind of seller who needs to sell right now, even with these difficult circumstances, please get in touch. I want to help! My goal is to provide my clients with interesting and up-to-date information so they can make informed decisions. If you think that my expertise and positive attitude might be of service to you don’t hesitate to reach out and contact me!
Would you like more information on the North Metro Denver area or the real estate market specifically? If so click here to download my current market report on the area or visit this link – http://christinakernexpert.com/market-report-newsletter/