I'm not going to lie to you. Selling your home is a pain. Packing up all your stuff, letting strangers tromp through your home, MOVING. So how do you decide when it's the right time to sell your house? Here's my simple process.
It all starts with some kind of desire to sell that outweighs the inconvenience factor. It's unique for each homeowner, but here are some examples:
If you don't have some kind of desire or need like this, then congratulations! Your decision is made. Don't sell your house. Seriously. There are too much work and inconvenience involved to set out down the path of selling your home if you don't have a big "why" to keep you focused on your end goal.
If one of these resonates with you or if you can think of a unique pain point of your own, then read on about how to pursue your goal like a billionaire.
I am a total dork for all things personal growth, and that includes goal setting. Like any goal, the goal of selling your home is best achieved by setting a target date and breaking it down into benchmarks.
First, decide when you want your home sold by. Do you have important dates to work around, like a major trip, or school for the kids starting or ending? Pick a date by which you hope to have your home sold.
Next, consider what smaller benchmarks you need to hit along the way. These probably include:
The biggest mistake home sellers make is waiting too long to enlist the help of experts who can save them tons of time and help them make good decisions.
I always tell people "it's never too early to meet." I regularly offer guidance to potential clients who don't take action for months or sometimes years, and I have no problem with that.
These experts include real estate agents (like me!), financial planners, accountants, etc. Experts, particularly real estate agents, can help you make good decisions about action items and benchmarks.
At this point, you've discerned you have a desire to sell your home. You've taken that goal and sketched out a rough plan of action. You've consulted with an expert to understand what's possible.
Now it's time to decide. Does selling still make sense? Will you pull enough money out of your current home to justify the move? Can you afford to move into a more desirable situation?
Be open to adjusting your plans based on new information. This is really just good advice for life.
If selling does make sense, fantastic! Take your benchmarks and, with the help of your agent, break those down into action steps, and start checking them off.
If selling doesn't make sense just yet, but you still have the desire, then shelve the idea for now, and pick a date at which to revisit the idea, and regroup with the appropriate professionals.
The key here is to avoid getting stuck in decision limbo. Decision limbo is where you spend entirely too much mental energy pondering a decision, without actually making any progress toward a resolution. And studies show again and again that a key to success in life is the ability to make decisions.
Cue advise from millionaires and billionaires to prove my point:
"Studies have shown that the most successful people make decisions rapidly because they are clear on their values and what they really want for their lives. The same studies show that they are slow to change their decisions, if at all. On the other hand, people who fail usually make decisions slowly and change their minds quickly, always bouncing back and forth. Just decide!"
— Anthony Robbins, Awaken the Giant Within
"Recognize that decision making is a two-step process: First, take in all the relevant information, then decide." -Ray Dalio, Principles
(Notice Ray did not include a common third step: waffling.)
"Nothing happens until you decide. Make a decision and watch your life move forward." -Oprah
And there you have it: a guide to powerful decision making when selling your home. And powerful decision making in life generally.
Cheers to good decisions.
Posted by Isabel Affinito on November 18th, 2019
Ryan Rodenbeck started Spyglass Realty in 2008 to be a solo practitioner and a top-producing agent. By 2015 he had placed in the ABJ Top 50 Realtors and the Platinum Top 50 Realtors. He decided to grow the company and teach what he learned as a top-producing agent to his growing team of agents.
Ryan was originally from Louisiana and relocated to Austin in 2001. In 2008, he founded Spyglass Realty as a platform for himself and a few other agents to operate independently. In 2015, he began developing ideas for transforming his "team" into a full-fledged brokerage and implemented systems and procedures to expand the team.