How to Know When You Are Ready to Sell

Selling a home can be downright painful. It can be very difficult to let go of some of the memories and think about the time you have invested in the home. You may also be uncertain about your exact plans for the future.

While there is no magic way to determine that you are ready to finally commit to selling, there are some helpful indicators.

You Have Your Finances in Order
Relocating is tough. Whether you are going to move to a new completely area or just a few miles down the road, you have to buy a new house. You also cannot be certain of when your old house is going to sell, or for how much. In other words, you are going to need to prepare to buy without having too many contingencies in place when you sell.

The best way to prepare for this is to save up enough money for a down payment on a new mortgage, as well as enough money to cover closing costs. This cushion will make sure that you are not biting your nails for a buyer to come through while you are waiting to sign on your new home.

Getting pre-approved for a mortgage can be one of the easiest ways to evaluate the health of your finances and determine what kind of new house you can afford. It will give you a picture of what is financially feasible as well as show sellers you are serious about making a purchase.

You Have a Solid Plan
Similar to the above, once you have enough cash to look for a home, make sure that you have a clear idea of which one you are getting, and most importantly whether or not you can afford it. Once you have a game plan, you will be strongly motivated to sell your old home in order to move forward with your life.

You Have Begun to Emotionally Separate Yourself from the Old House
Leaving a house that you still feel emotionally attached to can be one of the hardest things to do in one’s lifetime. If you have issues with the idea of someone making changes to your home, then you are likely still not ready to sell.

An easy way to tell is to start making changes to your house that will help it sell. These can include painting your interior a different color and replacing sink fixtures in the kitchen or bathroom. If these changes upset you, or if you find that you want to use the new renovations as opposed to some stranger, you may still be too attached to sell.

To get help preparing to sell your home, or to help decide if you are genuinely ready, visit our selling page and find out how a quality Okotoks real estate agent can help.