Thinking about Selling?
The decision to sell, whether it is your primary residence or an investment property comes at certain “Home Owner Ship Cycles”. For Primary Homes they seem most often to follow life stage or employment/cycles.
Moving up / Promotions
New Home/ Dream Home
Bankruptcy / Foreclosure
Downsizing / Empty Nest
These are common events in nearly all our lives, and each of them can ignite a desire or need for a change of address. Sometimes it is a abrupt change and you need and a professional can help you expedite the process so you stay focused on your personal goals. Other times it comes as a more gradual but inevitable decision. Sometimes its a lifestyle change, a desire for that vacation of a lifetime or living on a boat. In my years of real estate, I have worked with clients to help them reach their goals, regardless of what they are.
INVESTMENT PROPERTY CYCLES are a little different, less personal and with more tax planning and long range planning. Please contact me for a consulation to review the benefits of a 1031 exchange, and rolling over the depreciation cycle into a new cycle, at a higher cost basis, without incurring capital gains.
The Evaluation Process: So, What is my Home Worth?
The Home Value Estimate is often a first step. Here you can get a general idea of a homes value with an instant valuation estimate. These instant valuations are data driven. This one is powered by a Zillow Tool. The next necessary step is a thorough evaluation by a real estate professional with current and accurate home sales comparisons. here is a quick video of the process using NARRPRs analysis software. This process takes about 45 minutes and can be done on request: http://blog.narrpr.com/learning/sales-comparison-analysis/
This still doesn’t preclude the ON SITE Evaluation of a full time realtor who then factors in rates of absorption, average market times, your timeline, condition, repairs needed, staging, upgrades or other factors that influence market value and marketability.
Determining Net Proceeds:
Before you get to a decision point, you need a reasonable expectation of the Net Proceeds of a the sale. This will of course include common Costs of Sale including but not limited to:
Title and Escrow Fees
Property Preparations and repairs
Staging if required
Then we will move forward, when you are ready to the listing consultation will include an overview of our EXCEPTIONAL MARKETING PLAN.