Looking to sell your home and buy a new one? Can you afford to keep both properties at the same time, or do you need to sell your current home to afford the new one? How can you prevent being stuck without a home?
When life calls for change, and your current dwelling no longer quite fits the bill, it’s time to embark on the exciting journey of selling your home and embracing a new chapter.
For homeowners pondering this pivotal decision, this 7-step guide presents a strategic roadmap to seamlessly transition from your existing property to a fresh haven. Keyword is seamlessly!
1. Financing: The Foundation of Your Home-Selling Adventure
The first step on your transformative voyage is securing the financial foundation. Find a trusted loan officer who can guide you through the pre-approval process, ensuring you understand the loan amount you qualify for.
This pre-approval, contingent upon the sale of your current home, empowers you with a realistic budget. Need a local loan officer? Institutions such as American Savings Bank has you covered. If you like working with a smaller company, consider Smart Money Hawaii.
2. Research Homes That Fit Your Vision
With pre-approval in hand, it’s time for the delightful task of researching your new potential abode. Consider properties that align with your pre-qualified budget, turning the exploration into an enjoyable form of “window shopping.”
And here’s the exciting twist: you can harness the equity from your current home as a down payment for the next chapter. Find your criteria and sign up for Email Alerts Here.
3. A Trusted Ally: Partnering with a Real Estate Agent
To navigate this canoe voyage, a skilled real estate agent becomes your compass. Collaborate closely with them to communicate your vision, preferences, and must-haves.
Consider partnering with me, Earl Solidum to be your expert. I can guide you through the market’s ebbs and flows to pinpoint the perfect match for your lifestyle.
4. Prepping Your Home for a Successful Sale
The next phase entails preparing your current residence for a successful sale. Begin by decluttering and depersonalizing, allowing potential buyers to envision themselves in the space.
Address any minor repairs or maintenance issues, ensuring your property presents itself in its best light to potential buyers. Find some inspiration from American Floor and Home for remodeling ideas.
5. Crafting a Winning Marketing Strategy
As your transformation unfolds, a strategic marketing plan takes center stage. Price your home competitively to attract potential buyers, supported by professional photography that captures its essence.
Leverage the power of online platforms and social media to broaden your property’s reach, amplifying your chances of a swift and lucrative sale.
Painting the interior results in a 107 percent on the return on investment (ROI), and painting the exterior leads to a 55 percent ROI (Guibara, 2013)
6. The Battle of Negotiation and Contingency
As offers start pouring in, it’s time for the delicate battle of negotiation. While a sale contingent upon finding another property might not always be the strongest contingency, the current market’s dynamic nature makes it a pragmatic option.
Navigating this wave requires finesse, and your real estate agent’s expertise is your guiding light. When you sell your home and buy a new one, having a real estate professional by your side can ease the process.
7. Embrace the Waves and Revel in Your New Home
Finally, the moment arrives when both the sale of your previous property and the acquisition of your new home align. With contracts signed and keys exchanged, you step into the doorway of a fresh beginning.
Breathe in the satisfaction of your accomplishment, and relish the prospect of new memories waiting to unfold.
Conclusion
In the tapestry of life, where chapters seamlessly blend into one another, the journey of selling your home and acquiring a new one marks a significant thread.
This 7-step guide, meticulously crafted to offer insights and strategies, is your companion through this transformative journey.
