Riding the Real Estate Roller Coaster

Never wear your emotions on your sleeve during the real estate ride.

Selling your home is a huge financial transaction that can trigger a roller coaster of emotions. When you're being tossed around at every turn, you need to hang on tight and stay on track.

Whether it’s been bidding wars, sky-high prices or a cooling-off period, the last couple of years have added to the ups and downs of the real estate roller coaster ride.

The Kitchener-Waterloo real estate market continues to twist and turn so here are a few points to keep in mind if you’re thinking about selling your home:

The Price Is Right

Setting the right price is key so it’s important to have a home evaluation to determine what similar homes in your area are selling for. That way, you’ll be able to listen to the market instead of your emotions.

No Offence

Despite the strong connection you have to your home, try not to get offended if you hear that a potential buyer wants to rip up your kitchen or paint over the wood trim that you so lovingly restored.

Nothing Personal

It’s important to never take feedback personally. While criticisms may seem negative on the surface, they’re more likely a sign that the buyer’s interested; otherwise, they wouldn’t say anything at all.

Starting Point

Your home is your kingdom so your expectations will be high but if you receive a lowball offer, don’t get discouraged as it’s often just a starting point. The important thing is to keep the lines of communication open in order to progress as you never really know what the other side is thinking.

Unconditional Love

If you’re able to generate multiple offers, make sure you consider more than just the price. There’s nothing worse than accepting a conditional offer with a great price only to have it fall apart when you could have accepted a firm offer that was almost as good.

Chances are, you’ll have many fond memories of the time spent in your home over the years so it can sometimes be hard to move on, pardon the pun.

It’s completely natural for both buyers and sellers to experience a wide range of intense emotions as they navigate their way through the complex real estate process.

However, if you hop on the real estate roller coaster with a competent agent by your side, you’ll not only enjoy the ride but you'll look forward to doing it again next time!