5 Questions that can Help you Decide
It can be tough to make the decision to sell. In fact, for many homeowners, it's overwhelming. If you're considering making a move and struggling with the decision, here are five helpful questions to ask yourselves:
1. "What are our practical reasons for selling?"
This question refers to what you'll get by moving to a new home. The reasons could include a bigger backyard, shorter commute to work, an extra bedroom, a more desirable neighbourhood, etc.
Making a list of items you would gain would be helpful.
2. "What are our emotional reasons for selling?"
This question refers to how you'll feel about living in a new home. For example, you might feel safer, less cramped, less worried (because the local schools are better), or happier (because the shorter commute means more time with your family.)
Would you be looking for a different neighbourhood, or would you like to stay close to where you are now?
3. "What type of new home can we afford?"
This question involves finding out how much you'll likely get when you sell your existing home and how much of a mortgage you qualify to receive. With that information, you'll have a price range within which you can comfortably shop plus a clear idea of what your mortgage payments will be.
Don't hesitate to speak with a mortgage professional and a real estate agent to get specific numbers, so you know exactly what this would look like.
4. "In what ways will our lifestyle be better in a new home?"
This ties in closely with emotional reasons for selling. It relates to what your life will be like in a new home. Try to paint a picture in your mind. For example, you might want to be able to spend Saturday afternoons relaxing in your bigger backyard, or Sunday nights entertaining friends and family in your larger living room.
Host pool parties for your kids during the summer.
5. "What else do we need to know before we decide to sell and move?"
Sometimes people are hesitant about selling simply because they have a lot of unanswered questions.
So, if there's any part of the selling and buying process that’s not clear, be sure to ask me.