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      CRS - Minnesota Certified Residential Specialist Nicole Wang


   Sellers  ->  Why Sell Home:
   Why Sell Home



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Selling your home is one of the most important financial transactions you will make in your life.
  • Have-to Situations:
    1. A growing family or expanding business that needs more space.
    2. A new job opportunity that needs a move to another city.
    3. A financial reason .
    4. A family separation or divorce.
    5. An imperative health concern.
  • Home Situations:
    1. The neighborhood is changed ant not suitable for owner now.
    2. The parts of appliances are old and cannot be repaired.
    3. The plumber frequently is called to visit home.
    4. The space of the house is not used or visited for long time.
    5. The kitchen and bathroom are full of dark yellow color other than the original color.
    6. The furniture has to be moved to see the carpet's first time color.
    7. The improvements to the home are impossible.
  • Right Time Situations:
    1. Mortgage interest rates become low, more potential buyers can be affordable to buy homes.
    2. There is a rising activity in home buying, as often occurs in the spring or fall.
    3. The healthy economic climate in the region makes people feel confident for buying a home.
    4. The area is considered especially attractive to live such as schools, low crime rate, weather, nearby a major city, or other factors.
You own a home and want to sell it to buy another one. There are three situations you can consider to choose, depending on your own situation.
  • Situation 1:
    No enough income to carry two mortgages. First you have to sell the old house and pay off the existing mortgage and then you can buy the new house. It is seldom possible to close both on the same day. If you sell before you buy, you need a place to stay for the intervening period, as well as a place to store your belongings.
  • Situation 2:
    Enough income to carry two mortgages. You also have enough cash to meet the cash required to purchase the new house without having to use any of the equity you have in the old one. In this most favorable situation, you can buy your new house first and sell the old one at your leisure, after you close on the new one.
  • Situation 3:
    Enough income to carry two mortgages, but not enough cash to close on the new one. You need to cash-out some of the equity in your existing house. The simplest way to get it is to take out a home equity line of credit on the old house. Then, you can take whatever time you need to find the house you want to buy, following which you sell the old house and pay off both mortgages.
Want to sell your house? Contact Nicole to get the market value for your home and help you selling your house. 

    Selling Advice

     How to Prepare Home
     Which Needs to be Repaired
     Professional Interior Design
     How to Decorate Home
     What Affects Sale Price
Selling Marketing Strategy
Sell for More and Fast
     Home Market Analysis
Sell Before/After Buy
How to Set Listing Price
Accept Best Offer
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