One of the most frustrating things that can happen to a homeowner is to sell for less than what they have invested. Prior to the housing market collapse in 2008—the Great Recession—most people were able to sell their house for at least as much as they paid, and often more.
Today is a different story.
Many homeowners who purchased or built prior to 2008 are finding that the current market value for their house is below their ideal price. We understand how disappointing this situation is.
However, if your goal is to move on with your life, the most important thing you can do is face the reality of the current market. Waiting for a higher price is rarely your best option. Consider the cost of waiting:
- It may take years to see appreciation bring the market value of your home up to what you have invested, all the while keeping you from moving on to your next life adventure.
- If you wait for the several years it will take for your existing property to appreciate, the new property you buy will also likely have increased in value. While waiting for a 10% increase in your property’s value, your replacement property will increase 10% as well. Is this worth waiting for?
Time is not your friend when you want to sell and move on to your next dream in life. You may not be able to sell your home for more than what you originally paid. But you can sell for a quality price based on your house’s uniqueness and the value of similar homes in your neighborhood.
Our goal is to help buyers fall in love with your home so you can sell at a price that reflects the true value of the property. Give us a call and find out how much your home could sell for.