The Weigh Scale Approach to Decision Making

Are you thinking you would like to capitalize on this incredible real estate market but aren’t sure if the timing is right? Well, time to get in line. There are a lot of homeowners right now that tend to feel trapped. Not in the literal sense of course but from the simple standpoint of, ”It’s not the right time.”

Recently we helped a family make a very difficult decision on whether to sell now or wait a few years until the kids were done high school. Another family we helped wasn’t sure whether to wait two more years until retirement. And yet another family we helped were recent empty nesters and weren’t sure whether to keep the house for when the grandkids came to visit. All but just a few classic examples of decisions families had to make when balancing emotion and economics. Is now the time to capitalize on the equity that you’ve built in your home through a hot real estate market?

The families mentioned they came to make a decision via the Scale Approach. Picture a weigh scale. On one side of the scale is where you place the emotional factors. On the other side you place the economic factors. After you’re done weighing the factors, the side that weighs the most may be your answer.

We’re here to help! The Regan Team specializes in helping families make tough decisions. It’s never too early to start planning. The first step is making the phone call to set up a 45 minute meeting. In that meeting we need to address a few things regardless of whether or not you’re selling tomorrow or in 5 years.

1.????What is the value of my home today? Like a annual check up with the doctor, it’s good to have a yearly check up on your largest asset. You may be pleasantly surprised.

2.????What low cost improvements can I make to increase the value of my home before I put it up for sale? For example, a dollar spent on a coat of paint can yield 5x your money when selling.

3.????Last but not least, let’s talk about a game plan. A good game plan is the foundation to good decision making. And we have tons of experience in tried and tested game plans.

Here are a few ideas that we’ve heard from others in your position.

Emotion:

·?????My kids are still in school

·?????My grandkids want to visit

·?????The dog needs a backyard to run in

·?????I’ve been in my home for years

·?????Close to familiar amenities

·?????Proximity to work

Economic:

·?????My house is worth more money than it ever has been

·?????I like the idea of selling for maximum dollars and putting some cash in my pocket

·?????I can now afford to accomplish my goals and live my dreams

·?????I’ve built incredible wealth through owning my home

·?????Maybe now I can afford to help family and friends

·?????Simplifying my life sounds good