Selling a house in San Diego can feel more like adding another responsibility than a simple task for many homeowners who are ready for this chapter in their lives. It’s like taking on a role that requires not only your financial ability. It also takes a lot of your time, which is a valuable commodity in today’s world. In reality, the process of selling a home could consume up to one-third of your daily waking hours and significantly disrupt your routine. It is no walk in the park and the time cost of selling a house is not something to take lightly.
So, if you are trying to figure out how to sell a home without having to sacrifice your personal time and keep your sanity, keep on reading.
The True Cost of Time: Understanding the “Home Move Tax”
We all know time is very valuable. We spend so much time at work, make time for our loved ones, and then there are the personal commitments. There never seem to be enough hours in the day. Recently a survey was done with 1,000 sellers and home buyers so they could figure out and understand what the true cost of time really was of—”Home Move Tax”— that was actually lost during the process of selling a home. Here was what was found:
- 71% of Americans say selling a home feels like a second job. Of course, this did not surprise us because in order to get top dollar, you should definitely make sure the home is kept clean at all times; there are also repairs to be done, staging, and then the time that you will have to leave the home for showings.
- Employed buyers and sellers are losing PTO and work time. Americans preparing their homes for sale reportedly lost over $430 million.
- Quiet moving is on the rise. Then, of course, there were approximately 13% of people who participated admitted to taking time off of work without their employers knowing so they could get their homes ready for this event.
Selling Anxiety: What Keeps Homeowners Up at Night
There were a whopping 85% of sellers that said they lost sleep over the process of selling. Here are some of the things that give them a bit of anxiety and had them tossing and turning at night.
- Offer falling through: 41%
- Saying “bye” to my home: 37%
- Offer acceptance: 36%
- Home prep for listing: 36%
- Leaving memories behind: 32%
- Managing repairs: 32%
The Impact on Your Personal Life and Hidden Time Cost Of Selling A House
When you decide to sell your house, it can really eat up your time. Distract you from other things that matter in life that also matter– such as work, enjoying moments with your family, or even just taking a breather in our busy world where every second holds its own importance and worthiness. It’s worth considering the time and effort needed to sell your home so you can make decisions for the future.
It’s crucial to work with your realtor, who acts as your main point of contact and trusted advisor throughout the entire process. They will handle the heavy lifting, give you advice on setting a competitive price to attract potential buyers to your home, ensure proper presentation and marketing efforts, oversee negotiations, and manage all the necessary paperwork for the transaction.
Why the McT Real Estate Group?
For a little over two decades now at the McT Real Estate Group, we’ve been committed to helping our clients maneuver through the real estate landscape of San Diego with assurance and expertise in mind. Continuously whether you’re a first-time buyer or seller or an experienced one, our primary aim remains consistent. That is to deliver a top-notch journey for you, guiding you through each stage meticulously to secure the most favorable result possible. Our philosophy centers around exceeding expectations and ensuring that the entire process is as seamless as possible effective, and customized to suit your individual requirements
Aside from these concrete duties, professional real estate experts provide something even more significant. A sense of assurance and security that is truly priceless! By leveraging their understanding of the local market scene and vast connections in the industry, along with their wealth of experience, they can simplify the whole journey for you by steering you clear of usual traps that can sap your time and energy reserves. This translates to nights spent tossing and turning in bed, fretting over what comes next, and instead frees up additional time for the things that truly hold value.