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Consider These 5 Factors If You Plan to Sell Your Home in Albuquerque

Selling your Albuquerque home in 2022 has plenty of benefits. Market conditions continue to favor sellers, cash offers are at an all-time high, and property values continue to rise steadily.

However, selling a house quickly will not be easy for everyone. Additionally, listing a house for sale isn’t as easy as putting together a listing and waiting for buyers to notice.

Before you sell your home, what should you consider? Here’s what you need to know.

Here are five factors to consider before selling a house.

1. How Much Money You Stand to “Pocket”

Do you know how much money you’ll need to pay off your mortgage? Do you know what your transfer taxes, agent commission rates, and closing costs will be?

You shouldn’t sell if you’re not going to break even. In an ideal scenario, you would want to “pocket” enough money so that you can set yourself up well in your next living situation. 

2. How Fast You Want to Sell Your Home

In a seller’s market, sales can be quick, but bidding wars and negotiations can last for months. Would you like to sell in a week or can you afford to sit on your vacant listing for several months? A fast sale will also have an impact on things like your asking price, which needs to be on the lower end.

3. Where You’ll Live Next

Where do you want to live next? What is the impact of the seller’s market on you as a buyer, rather than just as a home owner? Be sure that you know what kind of housing you can afford before you put your house on the market.

4. What Condition Your House Is In

Sellers often choose to upgrade their properties before listing them in order to increase their property value. If you want your time to be worth it, you should choose the upgrades with the highest ROI. The alternative is to sell as-is, which puts your house on the market faster but comes with its own challenges.

5. Whether or Not to Work With an Agent

There are pros and cons to working with a real estate agent. An agent is going to get your listing the attention it needs but is also going to charge a commission. If you’re going the traditional route, we recommend working with an agent even if it does cut into the money you’ll walk away with. Sandi Pressley and her team have decades of experience selling homes in Albuquerque. They have a proven track record of being the top agents in New Mexico.

Now can seem like the perfect time to sell your home, but that doesn’t mean that it will work in every seller’s favor. Make sure you consider these five factors before deciding when and how to sell.

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Learn More!

Make sure to join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Contact us today to help you buy or sell your next home in Albuquerque.

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Sandi Pressley

Albuquerque New Mexico Real Estate YOUR SOURCE FOR ALBUQUERQUE REAL ESTATE! Sandi Pressley offers unparalleled service to ALL clients in Albuquerque and surrounding communities in the New Mexico real estate market. Sandi's motto is "Putting You First." Your complete satisfaction with our service and representation is our number one priority. As a native of Albuquerque, Sandi Pressley has been dedicated to serving her client's real estate needs for over 45 years. Sandi has achieved a goal unprecedented by any other Realtor of being the #1 Top Producing Realtor for 38 consecutive years in all of Albuquerque as well as the entire state of New Mexico. She is also the #1 Top Producing Realtor for the entire Western Region and 8th in the Nation with Coldwell Banker National. Sandi Pressley serves the entire Albuquerque New Mexico real estate market including the surrounding communities such as Rio Rancho, Placitas, Corrales, Bernalillo, Northeast Heights, North Albuquerque Acres, Sandia Heights, High Desert, Foothills, Four Hills, UNM, Nob Hill, Ridgecrest area, Uptown area, North Valley, Northwest Heights, Paradise Hills, South Valley, Southwest Heights, Bosque Farms, Los Lunas, Cedar Crest, Tijeras, and all East Mountain areas. Whether you are considering buying a home, selling a home or both, we know these areas inside and out.

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