Know what you can afford BEFORE you sell!
Are you preparing to sell your home soon? Before you stick a sign in your yard and announce your open house, there’s one important thing you should do…
Get to know your money!
Meet with your lender or agent to figure out what your expenses will be after you accept an offer. In Wisconsin, your costs will typically be around 9-10% after commisions and closing costs are paid out. This can be a major expense so you want to make sure that you are budgeting for it.
Whether you are moving into your dream home or downsizing, your expenses are going to change. You’ll want to make sure you are getting the most money possible so you have what you need to cover future expenses.
This means you need to figure out what you need. Determine how much you will need for a downpayment on your next house and what other expenses you’ll need to be covered. This way, when you start receiving offers and head into negotiations, you’ll know exactly how much you can afford to compromise. Know exactly how much you want out of the deal so that you and your agent can make the best deal for you.
Have a question for Brian? Contact us today to learn more about preparing your home to sell!
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