Sell Your Home First
Nick Ratliff’s Tip: Sell your home before you buy.
You may already be shopping for a new home – and you probably need it if you are – but some good real estate advice is to sell before buying a new home. The reason is financial risk. Having the burden of 2 mortgages can be stressful, to say the least. And if you sell first, you’ll know how much money you actually have to buy a new home.
Common Questions by Sellers: What do you do if you sold your home and haven’t found a new home yet? Answer: rent. It’s the easiest solution and still costs less than paying for both houses.
Selling Your Home Basics
Even if you decide to buy before selling, it’s still important to understand the process. A common mistake homeowners make after the house gets listed is sitting around and doing nothing. From years of experience, I can tell you no house is perfect. All those little flaws you think don’t matter actually have a huge impact on buyers’ decisions. Easy examples are children’s toys laying on the floor and extreme pet odors. Such minor things can leave a negative impression, since buyers are trying to imagine living there. So, to get you started, here are some useful tips to do before listing your house:
1. Get Your Home Professionally Cleaned – Hiring carpet cleaners to come in and make the floors look fresh will go a long way in showcasing your home. And don’t forget about getting rid of any clutter hanging around the house. An easy tip to de-cluttering your home is go ahead and pack the stuff in boxes. You’ll be moving soon anyways.
2. Finish Those Must-do Home Repairs – Broken light fixtures or chipped paint are common examples of things you should fix before listing the home. They take minimal effort and cost close to nothing. If they’re left unsolved, buyers can use these as excuses to lower the listing price, which could be hundreds of dollars.
3. Don’t Forget the Yard – Staging a home includes showing the yard. Rake up any leaves, cut the grass, and lay a fresh coat of primer on any porches or patios that you may have. If you do this, you’ll start the day with a good impression when buyers come to look at the home.
Upgrading: What to Look for in a New Home
Now comes the good part – upgrading! There are probably a multitude of reasons why you are upgrading to a new home, all of which will determine your final decision. That’s why we’ve broken up the reasons for your new home search and provided you with some links that will showcase homes you might like.
Location & Neighborhoods:
It’s one of the most important factors to finding a better home, and Lexington has no shortage of beautiful locations for upgrading home buyers. If you’re in search of bigger homes that place you outside the city, neighborhoods like Andover and Beaumont are areas to start searching in. Homes in these neighborhoods offer more room, spacious yards, and improved amenities. In addition, they’re right outside the city, so your family doesn’t have to deal with city traffic and the dynamic nightlife of Lexington.
If you’re looking to stay in the city, but want a more articulate home, Chevy Chase would be a great starting point. Located just south of Lexington’s center and the university campus, Chevy Chase offers timeless homes that fit small families.
Size & Floor Plan:
As your family’s grown, you’re probably in need of more space. Your current home just isn’t big enough and doesn’t cater to lots of children running around. Below you can search homes by size and choose which one best suits your situation.
If you need more assistance in finding the right home, don’t hesitate to e-mail one of our local agents via our Contact Page.