Selling your home is never easy but, sometimes, no matter how much you think about the hassle that comes with it, you can’t help but check out available listings in your area and dreaming of moving somewhere new.
Should you act on that fantasy and start preparing to put your home up for sale and find a new one? Here are some telltale signs that it’s time to sell.
Sign #1 Your home no longer works for you
Most families start with what’s called a “starter home.” Often, this will be a one- to two-bedroom house with just enough space for day to day activities and then some. It’s big enough to fit a young family and comfy enough to entertain a few guests every once in a while.
As soon as the family grows bigger and the family members’ needs changes, though, they might find that the house is becoming simply too small for them. If you find yourself in a similar situation, it’s time to move and look for a house where your now-bigger family will fit more comfortably and have enough space for their own things.
Sign #2 The market is right for you
Studying the local housing market is key when you’re planning on selling your home. Check out other homes for sale in the area and how long they’ve been listed for. If the homes have been on the market for months and it’s still not sold, it might not be a good time to sell just yet.
No idea how to tell if the market is right for selling? Get in touch with a real estate agent so they can help you figure out if the time is right for you to sell right now. They could even help you figure out how much to sell your home for and find your next home sweet home.
Sign #3 Upkeep is eating too much time and money
All those years you spent making the most out of every corner of your home has taken a toll on its condition and everything else inside it. You might notice having to call the plumber more often now or having to call in different service providers to keep your home up and running, though not necessarily in good shape. In short, your home has become a fixer upper and the money you’ve spent in the last couple of years could have gone toward a down payment for a new home. At this point, selling your home is the most practical thing to do.
Sign #4 You’re financially ready for a better home
There’s nothing wrong with wanting a bigger, better house, especially if you can afford it. Take a good look at where you are financially. If anything happens in the next six months and you lose your main source of income, would you still be in a good place? Would you still be able to make payments on your new home and have enough for monthly payables and daily expenses? If you can answer yes to these questions, it might be a good sign that you’re ready to start looking for a new home and sell that one you have now.
Selling your home is a big financial decision which is why it’s important to have a trusted real estate agent by your side as you go through the process.