Got Real Estate FOMO?

If you’ve kept up with any real estate news, you’ll know there’s some serious buying and selling happening right now.

There are tons of buyers out looking for homes. Heck, I don’t blame them!

Interest rates are historically low which means more affordability. There’s also a whole next generation of first-time home buyers, ready to set down some roots.

On the flip side, we’re in a seller’s market. Right now, homes are selling faster and for more money, which gives said sellers a sweet advantage to increasing their bottom line and calling the shots on the deals.

There are not enough homes for sale to keep up with all these buyers!

If you’re a homeowner, you may be thinking, am I missing out (FOMO!) Should I try to capitalize on this momentum and sell now?

Maybe!

Before you rush out and put a for-sale sign in the yard, let’s break down that decision and make sure it’s the right one for you.

Even in a seller’s market, you only get one chance to make a great first impression on Mr. or Ms. Buyer.

• Make sure you’re ready. Do a check-in with yourself and/or anyone else involved in the selling/moving process. Are you ready to move on? Are you ready to take the steps of selling?
• Check your finances. Will you be able to buy the next home? How much equity do you have? What if your house sells, will you be mentally and financially prepared. If the answer is yes, then it’s GO time.
• Know what your goal is and make sure there’s a plan. Find a realtor you trust and is knowledgeable about your market and aligns with your personality and style of working together.
• A solid Realtor will be able to show you the path from start to finish on how your home will be sold, how much it could be sold for, and the steps to get you there.
• Review their plan on how they’ll present your home and market it. You have every right to expect an exceptional marketing plan and data to back the numbers in the sale of your home.
• Don’t go it alone. While I’m all about being a self-starter, there’s a lot to consider before you try to sell yourself. First, do you have the time really?

There will be calls, emails, showings and if you can’t be there to answer them, Mr or Ms. Buyer will move on.

There’s the listing itself, all the marketing, documents, and legal issues to consider too.

It can be a daunting and draining process if this isn’t your daily professional area of expertise.

Don’t let FOMO rule your decision. But if you ARE ready to move forward, let’s get started!