Putting a house on the market and thinking about creating new memories in a new home is an exciting thing to do.

However, we cannot deny the deep sentimental attachments that we have with the house that we are leaving behind. These emotions can hinder a sale depending on how we will manage them.

Here are a few of what homeowners need to know to avoid costly mistakes when it’s time to move. When selling your house this year, being mindful and prepared for the process can help you stay on the right track.

1. Price Your Home Right

It’s common to think buyers will pay whatever we ask when setting a listing price when inventory is low, like how it is in the current market. However, that’s not always true. Keep in mind that the buyer’s bank will send an appraiser to determine the fair value for your house. The bank will definitely not lend more than what the house is worth, so be in the know that you might need to renegotiate the price after the appraisal. A real estate professional will help you in setting the true value of your home.

2. Keep Your Emotions in Check

Nowadays, homeowners are living in their houses for a longer period of time. Since 1985, the average tenure, or the time a homeowner has owned their home, has increased from 5 to 10 years .

This is several years longer than what used to be the historical norm. The effect of this, however, is when you stay in one place for so long, you may get even more emotionally attached to your space. When it’s the first home you bought or the house where your children grew up, it is very likely that it will mean extra special to you. Every room has memories, and it’s hard to detach from the sentimental value.

For some homeowners, it even makes it even harder to negotiate and separate the emotional value of the house from the fair market price. That’s the very reason why you need a real estate professional to help you with the negotiations along the way.

3. Stage Your Home Properly

We’re generally quite proud of our décor and how we’ve customized our houses to beautify them in our own unique homes, however, not all buyers will feel the same way about your design. That’s the reason why it’s so important to make sure you stage your house with the buyer in mind.

Buyers want to envision themselves in the space so it truly feels like it could be their own. They need to see themselves inside with their furniture and keepsakes – not your pictures and decorations. Stage and declutter in a way that they can visualize their own dreams as they walk down the hall. A real estate professional can help you with tips to have your home ready to stage and sell.

Bottom Line

If you’re considering on selling your house, talk to a local real estate professional to help you navigate through the process while prioritizing these must-do’s. Today’s sellers’ market might be your best chance to make a move.

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