You may have heard it’s a seller’s market. And it’s true; home prices are up, inventory is selling at a record pace and there’s a lot of buying and selling going on in our market area. If you’ve lived in Summit or Park County for a number of years, like many of us have, you’ve likely got equity in your home. All of these factors combined can make it tempting to put your Summit or Park County home up for sale. But whether it’s your first or your fifth time selling a home, the task can seem daunting. We’ve found that before you ask questions like “how do I sell my home” it can be helpful to ask yourself if you are emotionally ready and look at all of the factors at play in your decision.
What Is Your Motivation to Sell?
People sell their homes for many different reasons. Understanding your motivations can have a huge impact when it comes time to sell your home. A motivated seller will do everything possible to sell their home, but an unmotivated seller will drag their feet. Take your time and figure out what kind of seller you are and the reasoning behind your choice to sell your Summit or Park County home.
Are you emotionally ready to sell your Summit or Park County home? While it may sound a little silly, this is a valid question when it comes to preparing yourself. Think about your motivations for selling your home. If you aren’t truly motivated, you will only go through the motions. This can lead to frustrations by all parties and delays because you haven’t properly prepared your home to sell. All of this could mean leaving money on the table when you close the transaction. Do you want to sell your home because you’re downsizing or would prefer a new location, but it’s not urgent? Or do you need to sell quickly because of personal or financial reasons? Ask yourself all of these questions. When you start looking for a real estate agent it’s very helpful to have your motivations pinned down. This will allow your agent to serve you better.
Checklist of Questions for Second Homeowners
Many people in Summit and Park County are second homeowners who only spend a portion of their time here every year. This leads to some unique questions that you may want to ask yourself. Especially if you are unsure of how motivated you really are to sell.
- Have you visited your home in the last year?
- Have you invited someone to be a guest in your home in the last two years?
- Have your children and grandchildren visited in the last two years?
- Do you still have old friends in the area? Can you name five people in the area you would call when you are there to have dinner or go for a cup of coffee?
- Is your age, or health, a concern in terms of being able to do the things you used to do? For example, are you scared to ski because you fear if you fall you will get injured? Or are you scared that while walking or getting out of the car you may slip on the ice in the winter and get injured?
- Does the altitude bother you or cause trouble sleeping or breathing?
- Where you once saw winter beauty and adventure, do you now see cold and danger?
If you answered “Yes” to the majority of the items above, you’re probably ready to start down the path of selling your mountain home. It can be hard to come to this realization, but it’s better to know for sure.
Some Final Thoughts on Preparing to Sell Your Summit or Park County Home
If you have decided that it is time for you to list your home there are practical steps that you can take to prepare. In fact, we’ve created a Seller’s Guide & Checklist that you can download for free here.
If you need buying or selling guidance or help in the Summit or Park County area please reach out! We will also continue to provide you with relevant and up-to-date information here on our blog.
If you would like more information on how the Summit and Park County real estate market is doing, you can also sign up for our detailed monthly market report by clicking this link.