Buying or selling a home is potentially one of the most important financial decisions you can make in your life. For most people, you will be dealing with sums of money that represent a considerable financial burden. Unless you are very wealthy, you are likely to devote a large portion of your lifetime earnings to your home. When you are buying a home, it is important to choose a property that will fit your needs and budget. But when you are selling a home, you are in a different position. There are two factors you will need to consider when selling a home, and you will need to choose which one is more valuable to you.

When selling, you will need to choose to value either time or money. If you want to sell your house quickly, you will need to drop the price a bit, and potentially spend money on trying to advertise or find buyers. If you want to get as much money as is possible from the property, you will likely need to be more patient.

One thing you should always do is make sure that your sales agent is qualified and experienced. As a seller, you are unlikely to be experienced in selling properties. Most people do not buy and sell properties regularly, and so they are unable to accrue the experience necessary to properly asses their situation. Therefore, in order to understand the nuances of the real estate market and the peculiarities of the market at any given time, you will need to find an experienced and qualified realtor who can walk you through the process.

However, while you are not an expert in home sales, you are an expert on your own priorities. Ideally, the realtor can provide you with enough relevant information that you can make an educated decision about what strategy you should use when selling your property.

In my experience, unless you have considerable financial reserves, it is usually best to attempt to sell your property reasonably soon. As many people who are selling a house are also looking to buy one soon after, getting your old property sold will be an important step in securing the capital for your next property. If your capital is still tied up in the old property, you may end up facing additional fees, delays, and may even fail to close on the house you want.