Ignite FB Tracking PixelBudget for the Home Selling Journey - Susan Coleman

Budget for the Home Selling Journey

by Susan Coleman 08/26/2018

Believe it or not, the costs associated with selling a house can add up quickly. If a home seller fails to budget accordingly, he or she risks costly, time-intensive home repairs following a property inspection. Perhaps worst of all, this scenario may force a home seller to miss out on an opportunity to get the best price for his or her residence.

With a home selling budget in place, you can increase the likelihood of a profitable home selling experience. If you know what it takes to set up a home selling budget, you may be better equipped than ever before to streamline the home selling process.

Now, let's take a look at three tips to help you establish a home selling budget.

1. Assess the Condition of Your House

Before you list your house, it helps to perform a comprehensive home assessment. That way, you can identify potential upgrades both inside and outside your house and evaluate the costs associated with these home improvements.

Typically, a home inspection enables you to learn about your house's strengths and weaknesses. This inspection requires a property expert to assess your house and may take several hours to complete. Then, once the inspection is finished, you'll receive an inspection report that you can use to determine which home improvement projects that you may need to complete sooner rather than later.

2. Establish Home Improvement Priorities

Although you might want to give your residence a complete overhaul, there may be only limited time and resources at your disposal. Thus, you'll want to establish home improvement priorities to ensure you can maximize your time and resources.

Think about which home improvement projects are necessary. These projects should rank at the top of your list of home improvement priorities, as failure to complete them may prevent you from optimizing the value of your house.

As you establish home improvement priorities, don't forget to assess the costs associated with various home upgrades. This will help you achieve the best-possible home improvement results without spending beyond your means.

3. Consult with a Real Estate Agent

A real estate agent understands exactly what it takes to sell a home, regardless of the current housing market's conditions. In fact, this housing market professional can make it easy to map out a successful home selling budget and ensure you can quickly and effortlessly navigate the home selling process.

With a real estate agent at your side, you'll receive expert support throughout the home selling journey. A real estate agent will learn about your home and help you identify ways to enhance your residence. Plus, a real estate agent will offer recommendations to ensure you can upgrade your house on a budget.

If you're getting ready to sell your house, it helps to collaborate with a real estate agent. Reach out to local real estate agents in your area, and you can get the support that you need to establish a home selling budget.

About the Author

Author
Susan Coleman

 

I love what I do. I employ skills I’ve honed over a long period of time, to deliver my clients’ dreams. As my tagline says: “Skills that Deliver Your Dreams”. What could be a better occupation than this?

To me, it’s not really so much about houses; it’s overwhelmingly about people, their objectives, hopes, fears, nuances. Each client processes very differently the myriad information and emotions involved in conveying property. My focus is to understand their process and deliver them a great experience, not as determined by me, but as defined by my client. I enjoy thinking unconventionally, to exploit opportunity and value for my clients. Trust, mutual respect, teamwork, and market knowledge form the foundation of the relationship and professional real estate services I provide to each and every client on each and every undertaking, large or small. And I do the right thing, as the phrase goes, “even when no one is looking”.

In the end, my goal is to be my clients’ “go to” real estate resource and the real estate professional they trust to recommend to their friends and acquaintances.

Bio Information

Top Producer since 2002

Dual selling and management role 2005 – 2007 in former Frank Howard Allen REALTORS flagship sales office

Skilled at finding personal homes in 3 of the toughest housing markets in the world!

Bay Area Native

MBA, Finance, UC Berkeley, Haas School of Business

14 years investment banking New York (7 years), London (8 years)

Dual citizenship: US/UK

3 adult children 25, 21, and 20 years of age.

Hobbies: fitness, hiking, cinema, home design, antiques

Volunteer: President, Parents' Association of Northern California, United States Air Force Academy; Treasurer, Terra Linda Homeowners Association; Member, Design Review Committee, Terra Linda Homeowners Association.