You’ve probably read so many articles about selling and purchasing a home. They’ve tried answering questions most sellers usually have, but unfortunately for you, you’ve not been able to get all the answers you’ve been looking for. Count yourself lucky because today you want to go through a comprehensive read about the real estate business and in particular, the selling and moving process.
The truth is there’s no magical solution to selling fast in Houston. So if you’re here looking for a step by step procedure for an individual looking to sell at top dollar, then you’ll be heartbroken. Several factors come to play when trading in the housing market and you won’t be able to control some of them. For instance, you can only manipulate the market environment to work in your favor. First, you have to find out whether it’s skewed towards the seller or buyer. In a seller’s market, you’ll probably sell in days, but things might not play out the same way in a buyer’s market.
That answer would be more complicated than you’d expect. When it comes down to pricing, it’s advisable to approach your real estate agent first. They understand the market rates, know how much similar homes sell for around the area and will paint a thorough picture of what to expect. But you should also do your homework and figure out some things for yourself. The fact that the realtor has been operational in the market for years doesn’t mean they will always be right. Human is to error so take some initiative!
How would one budget for a new house?
Well, this depends on your pocket or financial muscle. It’s in a way a highly individual process if you think of it. You can start off by visiting your new neighborhood so that you can estimate the value of homes in the location. Find out what’s feasible and get a general idea of what you’re expected to spend. Then approach a lender and find out how much they are willing to give you as a loan. Finally, use that information to set a target price in mind. Whatever you decide will help you and your realtor look for a home that’s affordable.
What about purchasing new furniture?
We can’t emphasize how expensive it can be to sell a home and relocate to a different place. You have to be cautious and plan well if you don’t want to go broke. Save up as much as you can. Anything left should go to the relocation expense account. Sell the old furniture and some of the stuff that you won’t need so that you may have enough to purchase new items. You can also use some of the sale’s proceeds to cater for the extra expense.
It’s not easy to sell a home and purchase one at the same time. Don’t let the stress get to you. Prepare yourself mentally knowing the process has a short timeline, requires a lot of money, and emotional. Talk to professionals like Lynk Capital, Inc. and see what you can gather from our experience. Call us today!