Don’t just sit there waiting for change – make it happen. If you are even just thinking about selling next week or even next year, start now! Set your goals and do your “vision board” (whatever it takes), but follow it up with some serious action today!
Written by Jamie Sharon
#1 Get an idea of what your home would actually sell for (not what you hope it will sell for) and stick to the facts, not your emotions. Look at what homes close to the same square footage and within a mile radius to your home have sold for. You should use numbers from the last 60 days. Visit my website to find the numbers you need www.SoldandForSale.com or email me (email@example.com) and I will prepare you a detailed Market Analysis, for FREE.
#2 Get an idea of what you can afford and what you can get approved for. There is a difference. Your lender may approve you for FAR more than you can actually afford. The lender does not know that you spend too many weekends at the Ritz, pay a nanny large sums of cash and have a huge sushi and Amy Smith addiction (maybe that’s just me). Not to mention the money you’ll need to furnish and accessorize your new home. Only you can be honest about what you spend and how you live (and what you are ready to live without).
#3 The loan process is going to be a lot more detailed this time around, and most people will be required to put down much more than they have in the past. Cash is going to be king. Some of you are going to need it, not only for a down payment but also to pay off your current loan. The better your credit score, the better your rate, so fix that up anyway you can. This is a great article and resource I found on BankRate.com: http://www.bankrate.com/brm/news/cc/20011008b.asp. Read it, print it and use it!
#4 On the home front, start TODAY to enrich the appearance of your home. Time to paint over the crayon on the wall, organize the closets, de-clutter (this means toys, too); you know the list that is just getting longer. If you still have a backsplash that looks like a 1980s shower, it needs to go. Don’t over-invest and buy products you want in your “forever” house. Re-do with cost effective, neutral and updated materials. There are plenty out there. Don’t underestimate what you can do on your own without the help of pricey subcontractors.
#5 Curb appeal IS important. Don’t be fooled, this IS a beauty contest. You don’t want people to drive by … you want them to slow down, gawk and hope to see the inside. You will get so much more bang-for-your-buck if you plant landscaping the first week of March and get some serious growing months in, as opposed to any other time of the year. Send the kids to Grandma’s for the weekend and get busy. Your forever home is waiting for you.