Selling your home is an important financial decision; but, it’s also an equally emotional decision. Whether you’ve lived in your home for a few years or a few decades, you have likely made memories that you cherish. Perhaps your children grew up in your home. So how do you know it’s time to let go?
There are a few signs that you may be ready to sell your home. Check these out!
Times have changed.
Maybe you’re an empty nester now and don’t need the extra space. Maybe you’re ready to retire. Maybe you want to downsize. If you’ve undergone significant life changes, it might be a good time to sell.
You can afford to buy.
Obviously, selling your home means buying a new one. This is a huge financial decision that requires a lot of planning. You may get a big chunk of change from the sale, but what about the down payment and moving expenses after? Can you afford them? You need to look into your current mortgage and if you have enough equity to make profit from the sale. You certainly don’t want to short sell your home!
You’re in a seller's market.
What are the real estate trends in your neighborhood? Have prices been going up? Have houses been selling quickly? How have houses been selling that are similar to yours? Conduct some research with a real estate professional to determine if now is a good time to sell.
You’re emotionally ready.The home selling process is exhausting! Are you ready to put in the work to find the right real estate agent? Are you willing to bustle and get your home ready to be viewed by buyers? Are you ready to navigate the sometimes frustrating negotiation process? Are you ready to ultimately say goodbye to your home? These are all questions you should answer before selling.
Still not sure if you’re ready to sell? Call us at (702) 503-3030 and we’ll help you!
https://www.daveramsey.com/blog/ready-to-sell-your-homehttps://www.businessinsider.com/signs-you-should-sell-your-home-2019-7#lifestyle-shifts-are-compelling-you-to-rethink-your-living-space-2https://www.wisebread.com/5-signs-youre-ready-to-sell-your-house#:~:text=Your%20home%20is%20shrinking&text=It%20might%20be%20time%20to,put%20it%20on%20the%20market.Was this article helpful? Check these out: