Ways to Know It's Time to Sell Your Home
Thinking about selling your home? Sometimes, the time is right to make your move. It can be challenging to come to the decision to sell a house you've loved, but it might benefit you in countless ways.
Of course, the best way to maximize the advantages is selecting the right time to sell a house. Acting too soon – or too late – seriously impedes your goals.
Let's consider some ways to know it's time to make the sale:
- You're Out of Debt
Your financial picture goes a long way to deciding whether you should stay put or make your move. By the time you're ready to buy a second house, things probably look better than they did the first time around – and you're wiser, too. The best situation? Being free of non-mortgage debt with at least three months of expenses in the bank, perhaps more.
- You've Got Substantial Equity
If your home has enough value to provide at least 20 percent equity for your next purchase, you are ahead of the game. Although the housing bubble was a disaster for countless Americans, most markets have recovered handsomely since then. Reaching that magic 20 percent mark means you no longer need to worry about private mortgage insurance, which makes a huge difference.
- Your Lifestyle Has Changed
Every home is a snapshot in time that reflects your priorities at a specific moment. When families are growing – or kids are heading off to college, for example – things change in a hurry. Elders may also wish to downsize for issues of convenience or simply to reduce time spent going up and down the stairs. Sure, you may be able to make do – but do you really need to?
- You Have the Budget to Uplevel Your Existing Home
While most homes aren't exactly falling apart, you might need to invest a little extra to give your current house the pizzazz it needs to move on the market. Things like paint, lawn maintenance, and new fixtures can make the sales process a lot easier. Getting the house professionally cleaned and organized prior to your first showing will also go a long way toward success.
- The Market is Ready for You
It wasn't all that long ago when you were on the other side of the fence, so look at things from the buyer's perspective. Tenacious would-be buyers are always out there, scouting for bargains. There are times when your neighborhood, town, or even region are hot – and times when they're not, and selling could take months. Only a trusted real estate expert can give you a clear picture.
Trust the Experts at Remerica Hometown III to Sell a House the Easy Way
If you want to sell your home, you want a fast and convenient process that will get you the best price possible. With our local REALTORS®, you'll have knowledgeable professionals to guide you every step of the way.
Remerica Hometown III has helped thousands of customers sell their homes. To get started, contact Remerica Hometown III today.