There are a lot of factors that go into selling your home – finding the right Realtor, learning the best time of year to sell, deciding what stays and what goes. There’s a lot to consider – including if it is more beneficial to sell your home before or after you move out of it. We’ve pulled together the pros and cons below to help you decide!
Pros: Why should you move before you sell your home?
1. Easy to Stage.
Moving out of your home before you sell it gives you the opportunity to stage the home as you want. It also eliminates the worry and stress of deep cleaning and re-setting prior to every showing.
2. Reduced Clutter.
Part of having the opportunity to stage the home is getting rid of the things that make your home feel “lived in” or in less polite terms, cluttered.
3. A quicker sell, for higher.
You read that right! By moving out of your home before selling it, you are increasing the likelihood of a quicker sale, and for a higher asking price! Staging but vacating allows for more showings, which increases interest and the chance of higher bids.
4. No showing interruptions.
You don’t have to deal with the disruption of having to leave your home for showings at all hours.
5. The leisure of a slow move-in.
Moving into your new home will be less stressful if you have the luxury of taking your time as you do it. Without selling your home first, you can take your time to move things little by little, and also have room for some trial and error as you decide what will fit in your new place and what will not.
Cons: Why shouldn’t you move before you sell your home?
1. Paying to Stage.
If you take all of your belongings with you when you go, you may have to look at paying to stage your home. Vacant homes are harder to sell, so paying for furnishings until you sell is oftentimes a necessity.
Leaving your home empty for viewings can also increase the risk of break-ins, or vandalization.
3. Lack of “warm” feeling.
If your house isn’t staged, it is vacant. Vacant homes feel empty and make it challenging for buyers to envision themselves living in the space.
4. Frequent return trips.
While this is a pro, it can also be a con! Sometimes, you just want to cut ties and move on to the next chapter. If you are using your own belongings to stage your home, this means you’ll have to endure frequent trips back to ensure your belongings are in place and everything is in order.
5. Risk of not selling.
Moving before you sell also comes with the risk of having two monthly payments. If you choose to leave for your next chapter before you sell your home, you are taking the chance that your current home doesn’t sell. Then what?
As you can see, there are a number of factors to take into consideration when it comes to selling your home. We hope we were able to give you a little more insight as you consider what’s best for you!