Thinking of Selling Your Home?

Need More Room? Want to Downsize?

Download our FREE 15-page report, Strategies for Selling Your Home & Buying Another in Today’s Market

What You’ll Learn from the Report

You’ll get clear instructions on how to find out what your home would likely sell for, and then how to calculate how much you’ll have left after it’s sold. Then we’ll show you how to play with different scenarios for the home you would be buying, how much of your proceeds to use for a down payment and how that affects your monthly payment and the total cost of the new mortgage. You’ll also get suggestions on finding the right agent, ands how you and your agent can help make sure your home sells quickly and for the right price.

1

Do The Homework

This 15-page report takes you step-by-step through the questions smart homeowners should ask before deciding to sell their home and buy another home.
2

Strategic Advice

The report is loaded with information that helps you see the whole process – from current home to new home -- laid out in one unified strategy.
3

Personalized Service

You'll also be able to talk to a member of the Tripp Team any time you need help getting answers to your questions.
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Sneak Preview of our Report

#1

If you are a home owner, and you would like to sell your home and buy something that would be better suited to your current needs, you may be wondering about the current value of your home, and whether you would net enough from its sale to buy that next home. And how would that whole process (selling your current home and buying another one) affect your overall net worth and financial position?

A great deal depends on your specific situation. Let me give you an example:

Let’s say that you purchased your current home in 2008, for $250,000. Let’s further assume that you made a down payment of about $25,000, and borrowed the rest — which means your original loan amount would have been about $225,000. Interest rates at that time ranged from 3.5 to 4.5%, and your monthly mortgage payment would have been about $1140 per month.

Now you have been in this home for about 10 years; let’s say your family has grown, you need more room, your income has increased, and you would like to move up to a somewhat bigger and better home. Would it be possible to do that in today’s market and come out ahead financially?

#2

Tips and Techniques for Selling Your Home 

The following suggestions have been compiled and adapted from various sources, including Trulia.com, Zillow.com, and The Wall St. Journal, as well as observations from my own personal experience with hundreds of real estate transactions over the years.

  1. Monitor your agent’s online marketing. 92% of homebuyers start their search for a home online, and they will never even get in the car to come see your home if the online listings aren’t attractive. In real estate, that means pictures! A study by Trulia.com shows that listings with more than 6 pictures are twice as likely to be viewed by buyers as listings that had fewer than 6 pictures.
  2. Choose Your Words Carefully. For a seller, advertising that you’ve recently painted your house seems like a no-brainer. But in a study that looked at nearly 60,000 residential real estate transactions in Texas, listings that mentioned new paint, new carpet and/or roof work sold, on average, for slightly less than those that did not. Thomas A. Thomson, the study’s coauthor and the director of the Real Estate Finance and Development Program at the University of Texas at San Antonio, says that buyers aren’t going to be fooled by a problem house simply because it has a fresh coat of paint. “It’s kind of like putting lipstick on a pig,” he says. But even if there’s nothing wrong with the house, an ad that talks about new features can set off alarm bells in a buyer’s mind. If a seller says everything is new, a buyer might wonder why everything needed to be replaced—and whether there are other defects lurking. Thomson recommends sellers take the simpler route: Let potential buyers be surprised by the quality of the home instead of disappointed by how average it is compared with its description.

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