You might be asking yourself “ Should I sell my Houston home? ” and we are here to help you answer that question. There are a few things you need to make sure you are doing before you decide to put your home on the market. You need to make sure your finances are in order, your home is sellable and that you do your research.
Get Your Finances In Order
Before you decide to put your home on the market you need to make sure your finances are in order so you can qualify to buy a new home. Huge debt such as student loans, credit card debt and car payments can be expenses that could be in the way of having a healthy finance situation. It would be smart to work on getting rid of some of these debts before taking on the huge expense of a new mortgage. Perhaps you don’t have the best credit score so holding off selling your home and buying a new one would be a smart choice. It would be hard to get a loan with a good interest rate with bad credit.
Make Sure Your Home Is Sellable
You might be used to the way your home looks and functions and might think that your home is fine the way it is but most likely, it isn’t. Its necessary that you get it inspected to see what improvements it needs. There are four things that can make or break the “sellability” of your home and those are foundation, roof, HVAC (heating, ventilation and air conditioning) and electric. If any of these are on their last leg, it’s important to get them fixed right away. Also sprucing up your home and deep cleaning it is necessary. If you have a home that has bold colored walls or rooms that might appeal to you, it would be smart to paint those with more neutral colors such as white so they appeal to potential buyers. If the walls and rooms are stripped down to the bare essentials, it is easier for people to picture what they would do with the space. Making sure your home is in tiptop shape will make it sellable and appealing to potential buyers.
Do Your Research
Before you decide to sell your Houston home you need to do your research. Many people have an emotional attachment and have an idea of what they think their home is worth but its necessary to be realistic. You can start by researching how much the homes in your neighborhood (similar to yours) are selling for. Also you can see how the neighborhood, crime rate, school district etc. affect the price of your home. We mentioned doing repairs to your home and gathering information on how much value major repairs can add to your home will also help you come up with a realistic price for your home. Before you answer the question “Should I sell my Houston home?” make sure you have come up with a price that will satisfy you but will be doable.
So there you have it, you might be wondering if you are ready to sell your Houston home or not and we hope the information we have given you helps. Just to reiterate, before making a decision, make sure your finances are in order, that your home is sellable and that you do your research.