Wanting to offload your home and being able to claim optimum returns on this investment are, unfortunately, two very different things. Timing is everything when it comes to buying and selling real estate in Irvine, CA. Following are four signs that now is the wrong time to list your property.
Comparable Homes Are Selling Far Below Your Target
Your listing agent will help you establish the right sales price for your home based upon the recent sales data from other comparable houses in your area. If your target sales price is higher than your agent’s by 10 percent or more, you should probably hold off and reassess your sales goals. Listing properties too high from the start often results in homeowners selling for a lot less than even their agents have recommended.
You’re Still Emotionally Attached to the Home
Sellers remorse is a real and very common issue. Your emotional attachment to the property could outweigh all your motivations for selling. You can’t collect on sentimental value when selling real estate, so it’s always best to fully come to terms with the idea of parting with your property before listing your home in Irvine for sale. If you don’t, the challenges of selling will seem all the more intense.
Your Exit Plan Isn’t Ready
There may be a number of practical motivations for selling, but these must be backed by a practical plan for seeing the sale through and for achieving your own post-sale goals. You’ll need to be ready to pack up your things and take residence elsewhere if you get a reasonable offer right after your listing goes live. This is the greatest difference between wanting to sell and being ready to sell. Your listing could generate immediate attention from qualified and motivated buyers who are ready to move forward right away. Having a solid exit strategy in place will also make you far more motivated to clean, stage, and prepare the home for the sales process.
Recommended Upgrades and Repairs Haven’t Been Made
The very first step in any solid sales plan is to consult with a reputable real estate agent in Irvine to determine whether or not the home is actually ready to sell. This professional can devise a list of repairs and upgrades that will make the home easier to sell at your target price. If you have yet to make these changes, it’s best to put off listing the home until all of the suggested work has been done. If you list the property and have to pull your listing to take care of these things, this will undermine your efforts to collect a reasonable profit.
When you decide you’re ready to find a new house or condo for sale in Irvine to call home, the experienced real estate agents at Irvine Residential Living can help. Give us a call today at (714) 454-6304 or check out our inventory online.