3 Steps to Drive Yourself Crazy When Selling Your House

  1. Price it to reap every last dollar that you ever spent on the house
  2. Hold price even if you're not getting any showings
  3. Constantly look to blame everyone and everything as to why your property isn't selling
...YOUR PROPERTY CAN BE ON THE MARKET, BUT IT HAS TO BE
IN THE MARKET - OR YOU'RE IN FOR A LONG TORTUOUS JOURNEY

A healthier mindset would be to look at your home as having provided the lifestyle that was better than the alternative of renting...rather than moping around thinking that you need to reap every every dollar that you ever spent. it's called the cost of living. Consider the time that you've enjoyed the property, rather than dwelling on the fact that it may contribute to your retirement

There are many examples of home sellers who have had to sell for less money than what they paid, but it shouldn't come as a surprise. Buildings depreciate - it's the land that appreciates. So if the house that you're selling is not in a location that is trending - i.e. within a stone's throw to Whole Foods or the train, or has never been thoroughly renovated, you will most likely be disappointed with the buyer response to your home.


Here is an excellent article speaking to appreciation/depreciation of home values.

http://www.investopedia.com/articles/mortgages-real-estate/08/housing-appreciation.asp

Comments

Popular posts from this blog

147 ROUND HILL RD SOLD TODAY $10,800,000

Unique Space - 99 Stanwich Rd - Greenwich