Emotions are powerful. If you are not careful you could end up getting thrown out of the game.
Buying and selling your home is an emotional time for most. An upheaval of your family, maybe a stretch of the family budget. Internal battles between getting the home that you want versus the sale of the one you have can turn even the sharpest negotiator into a bowl of slightly melted cherry jello.
I was once told that when you have made the decision to sell your house, once that sign goes on the lawn, it is no longer your house. You're just holding it for the new owner, whoever that might be. THAT is how we must think when selling our home. When you are planning on selling your home do your math. What do I need to net out of the transaction after closing costs? What are houses in my neighbourhood worth? Can I be realistic in my asking price and get what I want?
Once you have your costs figured out you will need one VERY important number. Your bottom line. What is the absolulte bottom line you will accept for your home? Once you have that then you are ready to enter into the world of emotionless decision making. Offers are either above or below the line. No grey area.
Making a plan like this will assist you in keeping your emotions in check. If you have the plan for the game you can avoid getting thrown out early.
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