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“Should I Sell My House?” The Keys to Answering this Big Question Now

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  • “Should I Sell My House?” The Keys to Answering this Big Question Now

    'Should I sell my house?'

    It's a question many people are pondering, and one with not a whole lot of concrete answers. For some, there is no question at all. They have to sell their house because they're relocating for a job, have run into financial trouble and are having a hard time paying their mortgage, or the owner died and the heirs need to sell the home.

    For the rest of us, selling your house is probably not a 'have to' but a 'want to.' You want more space for your family, a bigger backyard, a smaller home to retire to, or any other of the countless reasons why people buy homes every day.

    Of course, the real estate market is in a largely unprecedented slump, so while there are deals to be had on the buying end of the market, the seller’s market leaves something to be desired.

    So how to decide when is the right time to sell your house?

    Get Your Emotions Straight First

    “There are many feelings that surface when we are debating about whether or not to sell a home,” says Hale Dwoskin, CEO and director of training of Sedona Training Associates. “This is true in the best of times and the worst of times.”

    “Either way there's fear and uncertainty about finding the right buyer and about any impending move. Especially when there is economic uncertainty we tend to worry about what may happen or not happen to get in the way,” he continues.

    As with any important decision, using The Sedona Method to first release your emotions will allow you to think clearly. This should be the first step you take before even considering putting your home on the market.

    “The best thing to do is to remember to release the fear and release any and all other emotions that may be coloring your decision,” Dwoskin says. “Once you’re emotionally clear you’ll find your decisions and action swill be clearer as well. You could also use the advantages and disadvantages tool from the basic program to help you make a clear decision.”

    The Advantages/Disadvantages tool helps you make targeted lists about any important decision, so you can uncover areas where you’ve become stuck and subsequently let them go.

    When you allow yourself to have this type of focused releasing, you can easily shift recurring thought patterns, behaviors, and situations in order to make the right decision for you and your family.

    Think About it Practically

    The real estate market on a national level may be very different from the market in your city, and likewise in your neighborhood. To get an idea of how well houses are selling in your area, compare the number of unsold houses with the number sold. If houses are being put on the market, and sitting, much more often than houses are being sold, it may not be a good time to sell.

    That said, even if the market is down you may still be able to find a buyer for your home. The question then becomes, can you sell it at a price that’s acceptable to you?

    To determine this, ask a realtor for a market analysis of your home, which will give you a better idea of what your asking price will be.If this price is lower than you’d like, you may be better off waiting until the market picks back up again.

    So deciding whether or not to sell your home is really dependent on a variety of factors. But if you’ve cleared your emotions and a reapproaching the decision from a place of clarity and focus, you can be sure that whatever decision you make will be the right one for you.
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