Tips for Selling your Home – Part 5
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.
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!
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