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When is the right time to sell your home?

Have you been tossing and turning at night wrestling with the decision to sell your home?  When is the right time to sell?  Am I going to regret not selling my home now?  Will the housing market slip back towards favoring buyers?  Deciding to sell your home can be a serious decision but don't be discouraged; keep these points in mind and you will be on the right track to making a good decision about whether to sell your home.

 

Equity

    Put simply, equity is how much of your home you actually own.  It is a funny thing to think about but mortgages, liens, home equity loans etc... all mean that something other than you (usually a bank) have an ownership interest in your home.  If you sell, all of these mortgages and liens need to be paid before you.  Getting a comparative market analysis from a real estate agent gives you an idea of the value of your home in the current market. Then you can calculate how much equity remains in your house for you to take away. 

 

Equity is not Net

    Unfortunately, your net profit from the sale of your home is not, simply put, net = sale price - mortgage.  Just to list a few of the often overlooked expenses for which sellers are responsible: Attorney's fees, broker's fees, title V septic inspections, and sales tax stamps all subtract from the overall proceeds of the sale.

 

 

 

Trends in the Market

    Everyone loves to predict the future so why should prospective sellers be any different?  Familiarizing yourself with the local market data as well as talking to a real estate agent about comparing your home to others in the area (comparative market analysis) will help you decide if now is a good time for you to sell.

 

 

Personal Needs

    One factor that should never be overlooked is simple reality.  When you (you have time) to sit down and rationally evaluate your current life situation, often the decision to sell or stay becomes more clear.  Are you expecting triplets and the one bedroom condominium suddenly seems like a closet?  Selling and upgrading is probably the right decision regardless of how much of the mortgage is paid off.  Are you tired of that old drab kitchen?  Perhaps new cabinets and fresh paint is all you need.

As always please contact us with any questions and put three decades of experience and two generations of tradition in your corner.

 

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Client Testimonials

 Ed and Agnes Chatelain are extraordinary. They were honest, clear, patient and extremely helpful. We purchased a house with them recently in Dennis Port. They were very helpful in listening to our preferences and helping us find the home that was right for us.Patience: Ed and Agnes gladly showed us the same house many, many times and never ever showed us any pressure. In the end, we decided to not buy that house or even in that year, but we immediately went back to Ed and Agnes when it was time to buy.Process: Ed and Agnes were extremely helpful with all details of the buying process. We were very comfortable with their advice, guidance and ideas.Repeat: If we decide to move on the Cape, we will almost certainly ask Ed and Agnes if they are willing to help us both sell our current home and find a new one. They are a pleasure to work with.Details: There was never a detail that Ed and Agnes didn’t cover. They were persistent in making sure everything was done, correctly, completely and in our own best interests.Fun: Ed and Agnes are both fun to be around. They make what some people find to be a stressful experience – buying a house – quite a pleasure.Recommendation: I searched for and met many Real Estate agents on Cape Cod. My search ended with Ed and Agnes. I would recommend them to anyone.Comfort and Trust: Ed and Agnes are wonderful and kind people. I trust them both completely.Smarts: Ed and Agnes know Real Estate. Ed and Agnes know Cape Cod. They are experts in the field. I recommend them to anyone. 

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