Getting ready to sell your home? Listing the home below the current market value can be a great way to get the cash fast, but it can also give you some much needed psychological benefits as well. You'll find that selling a home fast will help reduce the stress that comes from selling your home, as well as other unforeseen ways that can affect how you feel.
Lower Stress Levels
Selling a house is one of the most stressful activities you can go through. Not only can it cause more stress than buying, but some say it can cause more stress than going through a divorce or losing a job. It should be no surprise that sellers want to get the process over with as quickly as they can.
Part of what makes selling a house stressful is how slow it can be. There is a lot of waiting between milestones in the process, and the deal can fall through at any point. You may find yourself not being able to sleep at night because you are worrying about if the sale will happen.
A lower asking price will help get the home sold with a slightly lower profit, but you'll feel less stressed once it is over.
Avoid Sunk Cost Related Guilt
Does your home need some major repairs? If so, you have two options to deal with the situation. You can make the necessary repair to get a high asking price, or sell the home as is at a lower cost.
The downfall of making repairs is that they can take a lot of effort time to do. Once all of the improvements are made you may feel guilty about selling the home. After all, the home is finally in the state you always wanted it to be, and you are now going to sell it to another person to enjoy.
Avoid having any sunk cost related guilt by selling your home as is. It's possible that you may break even on the price in the end when you consider the money that will not be spent on repairs.
Prevent Grief After a Divorce
Sometimes the sale of a home is motivated by a divorce. Dealing with the home could be the one thing that keeps you in contact with your former spouse, which you would rather not do. Taking a loss to sell the home quickly will prevent any additional grief that comes from these interactions and prevent the process from being drawn out.