Your Motives for Selling: Watch out for the Psychological Effect -1
Filed Under : sell house by admin
Dec.5,2009Tips selling your home
Tip : Why am I selling?
You made the decision of selling the house. You went through the motions of going over your house and looking for things to repair. Before you get to the next step – advertising your house in the paper and by word of mouth – spend some quiet time to yourself so you can gauge your true feelings about why you want to sell your house. If you have compelling reasons or circumstances that force you to sell, this may affect your position as a seller. As the property owner, you should always be on the driver’s seat. Only you can dictate the terms of sale. If you’re emotionally or financially disadvantaged, you may want to put off selling your house until you’re 100% convinced that you’re ready – emotionally and financially.
Tip : Not the time to be fickle…
If your house holds much sentimental value and you feel that parting with it will affect you psychologically, assess how strong your emotional attachment to your house is. Once the house is sold, there is no turning back. Sale contracts are legally binding. You can’t appear at the doorway of the new owners and say, “Sorry, I’ve changed my mind. I acted irrationally by selling. I want my house back!”
Tip : Nostalgia is a strong feeling
You want to sell because you’re getting divorced from your husband of 25 years? If you no longer love your husband, but still love your house, think twice about selling. If the house means that much to you, then perhaps you may want to re-consider. A house is not only a physical structure. It is a refuge, a reservoir of memories of a family that built a future together. Sell your house if you have to, but if you’ll spend sleepless nights regretting the decision to sell, you might be risking your mental health.
Tip : I’m in a bind…
Financially strapped? Many people think of selling their house to acquire much-needed cash. Your house is your only asset and perhaps the only asset that banks will look at if you apply for a loan. Instead of selling, you may consider the option of using the equity you’ve built up in your home to apply for a loan. But don’t sell just because you need cash. Banks are often willing to give you room to maneuver on your house equity.
Both comments and pings are currently closed.