Have you outgrown your home or has your home outgrown you and your household? Fewer and fewer families expect to stay in their first or second home for the long haul. Here are some factors to
5 Signs Its Time To Sell Your Home
Have you outgrown your home or has your home outgrown you and your household? Fewer and fewer families expect to stay in their first or second home for the long haul. Here are some factors to determine if you're financially and emotionally ready to sell your house:
Growing or shrinking household -- Are you about to welcome a new baby or take in aging parents? Maybe you're sending your youngest off to college. In any event, if your living space has become too cramped or grown beyond your needs, it may be time to make a move.
Plenty of home equity -- Subtract the value of your home from the amount you have left on your loan. What's left over is the equity -- or the amount you'll have post-sale. After you sell your home, you'll be a buyer again, so having some funds to put down is key.
Interest from potential buyers -- You'll want to list when you know buyers are looking. Some experts say late spring is the ideal time to sell, but peak seasons vary by region. Milder weather can increase buyer interest, but that also means more competition from other sellers.
Changing circumstances -- Location matters. Whether your neighborhood dynamics are changing, you're unhappy with the schools in your area or a new job significantly increases your commute, your community needs to fit your lifestyle.
Home improvements -- Renovations may be a wise investment, but it's best to avoid listing your home in the middle of a project. If you plan to sell your home as is, completing some minor home updates such as new paint and fixtures can be a huge selling point.
Out of my 25+ years of real estate experience & career, I have acted as Senior Escrow Officer and Title Operations Manager for a Fee Attorney – Title Office in Rockwall County. Also moved to work in....
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