Psychology Problems Advice Info

So….you’d like to sell your house? Great! Everyone’s doing it.  But this is your first time and you’ll be doing the sale yourself.  Nervous?  Of course!The fact is, it’s only unnerving because you haven’t got a clue about the dynamics of selling a house – your house.  It’s the one asset you have where you’ve plunked down your lifetime savings.  Now you want it all back!  That equity you were slowly building over these years will come back to you a hundredfold because you’ve thought about it long enough to realize that there is a handsome profit waiting to be made.  Don’t worry!  This episode in your life doesn’t need to be a drama of horrors.  In this book, we’ve collected important tips for you – the first timer – all 101 of them, in fact.  And when that check finally lands on your hands and the last box has been shipped out of your house to make way for the new owners, it will be exhilarating – more exhilarating than you’ve ever imagined it to be.Study the tips.  Some you already know, no doubt.  But even with 101 or 1001 tips, you’d still need professional advice – you managed to eliminate the real estate agent, but you’ll still need your lawyer (or notary) and your accountant.  You need to consult with other professionals as well – like the professional house inspector who can dish out valuable advice about repairs and maintenance.    These tips can help you map out a selling strategy for your house, and when you turn the lock for the last time, you’ll come out of the experience wiser.  And yes, wealthier, too.The confidence you gain by getting your feet wet the first time could – who knows? – make you want to do it the second time, and then a third time…and more!

Your Motives for Selling:  Watch out for the Psychological Effect

Why am I selling?

You made the decision of selling the house. You went through the motions of going over your house and looking for things to repair.

Before you get to the next step – advertising your house in the paper and by word of mouth – spend some quiet time to yourself so you can gauge your true feelings about why you want to sell your house.

If you have compelling reasons or circumstances that force you to sell, this may affect your position as a seller. As the property owner, you should always be on the driver’s seat.

Only you can dictate the terms of sale. If you’re emotionally or financially disadvantaged, you may want to put off selling your house until you’re 100% convinced that you’re ready – emotionally and financially.

Not the time to be fickle…

If your house holds much sentimental value and you feel that parting with it will affect you psychologically, assess how strong your emotional attachment to your house is.

Once the house is sold, there is no turning back. Sale contracts are legally binding. You can’t appear at the doorway of the new owners and say, “Sorry, I’ve changed my mind. I acted irrationally by selling. I want my house back!”

Nostalgia is a strong feeling

You want to sell because you’re getting divorced from your husband of 25 years? If you no longer love your husband, but still love your house, think twice about selling.

If the house means that much to you, then perhaps you may want to re-consider. A house is not only a physical structure. It is a refuge, a reservoir of memories of a family that built a future together.

Sell your house if you have to, but if you’ll spend sleepless nights regretting the decision to sell, you might be risking your mental health.

I’m in a bind…

Financially strapped? Many people think of selling their house to acquire much-needed cash.  Your house is your only asset and perhaps the only asset that banks will look at if you apply for a loan.

Instead of selling, you may consider the option of using the equity you’ve built up in your home to apply for a loan. But don’t sell just because you need cash. Banks are often willing to give you room to maneuver on your house equity.

My home isn’t a hotel!

If you hesitate about selling your house because you want your children to have a place to stay when they visit, remember that you raised them to be responsible, self-sufficient adults.

If you really want to sell your house, this should be the least of your worries. Your grown children can perfectly manage on their own. Your house isn’t the Four Seasons!

Listen up, but stay with your convictions!

Remind yourself that it’s your house, so buyers should play by your rules. Don’t let some smooth talking buyer convince you that your house isn’t worth that much.

You did your homework, so you’re the only one who knows what you should be getting for your house.  Remember it’s the buyer who needs a house, not you. If one buyer is starting to get on your nerves, there are other buyers.

I’m selling, no matter what.

Banish your fears and emotional ups and downs because they only lead to inaction.

Bolster your self-confidence by constantly saying to yourself, “I want to sell my house, I will sell my house, and I will make money from selling my house”. This mantra will guide you and make you stronger as you go through the motions of the eventual sale.

Even well-meaning friends can derail you!

Stay focused. Don’t surround yourself with friends who like to foretell gloom and doom. “You might regret it,” or “There’s just too much stress handling the sale yourself, let the experts do what they’re best at”.

These pieces of advice, no matter how well-intentioned, have no place in your goals. Don’t be easily swayed by what your friends or colleagues tell you. Refuse to listen to horror stories about meeting the strangest of strangers.