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7 Ways To Keep Your Emotions In Check When Selling

How stressful is selling your home? Respondents in one survey ranked it higher than divorce, losing a job, and becoming a first-time parent. Emotions can cause you to make bad decisions at a time when it's important to keep a clear head. Here are some expert tips to keep your emotions in check when selling your home. 

1. Understand Why You're Selling

Have you accepted a great new job offer? Maybe you need more room for your growing family. Understanding why you're selling your home lets you focus on the ultimate goal and keep from being distracted by bumps and curves along the way. 

2. Declutter and Depersonalize

As you prepare to sell your home and move to a new one, reminders of memories made in your current house will become even more important to you. Make a point to clear any clutter and pack up photos, souvenirs, and other personal memorabilia. In addition to minimizing your attachment, this activity will make your home more attractive to potential buyers. 

3. Avoid Expectations

Unfulfilled expectations lead to disappointment, which in turn leads to emotional thinking. For instance, if you set your mind on selling your home within a specific time period and it doesn't happen, you may start to panic and make poor decisions. Deal with the factors you can control and stay flexible with the rest. 

4. Stay Out of Showings and Open Houses

As a home seller, it's only natural to be curious about the reactions of potential buyers, but the homeowner side of you makes it hard to remain neutral in the face of negative comments or disinterest. Make it easier on yourself and buyers by finding somewhere else to be during showings and open houses. 

5. Set an Accurate Sell Price

Your home may be priceless in your eyes, but buyers aren't paying for sentimental value. Don't let emotion cloud objectivity and cause you to scare buyers off with an inflated price. Study the current housing market, particularly in your neighbourhood, and price your home accordingly. 

6. Follow a Positive Lifestyle

When stress causes you to lose sleep or eat poorly, it affects you emotionally as well as physically. Ultimately, you end up in a vicious circle where bad health and negative emotions feed off each other. Don't let the process of selling your home consume your days. Take care of yourself and make time for enjoyable activities to maintain balance. 

7. Hire a Real Estate Agent

The real estate industry is constantly changing, so no matter how many homes you've sold, it's difficult to stay up-to-date on trends, regulations, and market conditions. An experienced real estate agent can skillfully guide you through the process and be an objective third party to keep you on track. 

Selling your home is a potent emotional experience. Acknowledge your feelings, but don't let them take over. Approach the sale as the business transaction it is and pour your emotions into making your new house a home.

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More inventory means greater opportunity in Victoria real estate market
March 1, 2024  A total of 470 properties sold in the Victoria Real Estate Board region this February, 2.2 per cent more than the 460 properties sold in February 2023 and a 37.8 per cent increase from January 2024. Sales of condominiums were down 5.6 per cent from February 2023 with 152 units sold. Sales of single family homes increased 1.8 per cent from February 2023 with 224 sold.

"We saw glimmers of a start to the spring market over the course of February," said 2024 Victoria Real Estate Board Chair Laurie Lidstone. "In addition to the increase in sales, more than five hundred new listings came to market when compared to last year's inventory numbers. This much needed inventory gives buyers more selection and more time to make their purchasing decisions. We've also seen prices continue to remain stable, which is excellent for buyers and sellers because it makes the transaction much more predictable."

There were 2,364 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of February 2024, an increase of 10.5 per cent compared to the previous month of January and a 30.7 per cent increase from the 1,809 active listings for sale at the end of February 2023.

"We noted an increase in townhome sales this past month," adds Chair Lidstone. "Townhomes are an important segment of missing middle housing, one that is undersupplied in the Greater Victoria area. Hopefully the fifty per cent increase in townhome sales compared to last year will encourage more development of this type of housing to meet our missing middle housing needs. If you are considering a move this coming spring, it's a great time to connect with your REALTOR® to make a plan."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in February 2023 was $1,251,000. The benchmark value for the same home in February 2024 decreased by 0.3 per cent to $1,247,400, up from January's value of $1,244,000. The MLS® HPI benchmark value for a condominium in the Victoria Core area in February 2023 was $549,300 while the benchmark value for the same condominium in February 2024 increased by 1.4 per cent to $557,000, down from the January value of $559,000.
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.