Are you selling your home too soon?
You just sold your home in Central Alberta. Instead of feeling delighted, you feel like you want to go back in time and not sell because you think you made a mistake.
Too familiar? You’re not alone. Sellers often experience this feeling called seller’s remorse when selling your house for many reasons.
It can occur any time after a home sale. Or sometimes, even before. Home sellers often agonize over whether or not they’ve sold their homes for enough money, especially in a rising market like Central Alberta.
It’s alright. We understand. And we’re here to help break down what a seller’s remorse is and how you can deal with it.
Plan and research
Real estate experts agree that you shouldn’t second guess yourself when selling your property.
In order to do so, do your research before you buy or sell. Talk to a realtor in Central Alberta.
You can avoid a case of seller’s remorse by learning what the average home prices are in the markets you intend to both buy and sell in. This way, you will have a nuanced understanding of current market prices.
List the pros and cons
Sit down and make a list of the advantages and disadvantages of selling your home.
The pros could be a perfect location for your new work, a neat profit, or a better home size. The cons could be too much work and money needed for listing.
You need to balance out the gains and losses of this transaction and decide from there.
To help you ask the best questions, consult your realtor. We have real estate agents who have been part of Central Alberta's housing market for decades. This will give you the confidence you’re looking for that you are making the right decision.
Real estate is a number game. Learn about your market with the help of your real estate agent. You can ask for a Comparative Market Analysis or CMA before you list your house for sale so you can analyze the Central Alberta real estate market and leverage from it.
To avoid the horror of seller’s remorse, sell at the top of a rising market. If the market keeps rising afterwards, you'll know you sold it at its peak.
Trust your realtor
Your mother-in-law might not agree with your choice to sell, and she'll definitely let you know about it. But does she have access to the same data as your real estate agent?
Find a realtor you can trust. Someone who can give you advice you can take home.
Once you do, don't be afraid to consult your agent about the price of your home. Knowing how your agent negotiates can boost your confidence.
When you go with an experienced agent in Central Alberta, they'll know all the tricks to avoid you coming up with seller's remorse.
Takeaway:
Seller’s remorse is a very real thing. And it can hit you any time after you’ve sold your home. But it can be managed especially if you have the perfect realtor slash friend who will help you throughout the whole process.
Plan, know the pros and cons, learn about the market, and trust the experts.
Eventually, you will move on and celebrate the positive changes in your life may it be your new home, your new community, or a better job.