Have you been on the fence about if you should sell your house for the last few months? There are some pretty good telltale signs that it’s time to list and sell your home so here are the five biggest signs that it’s time to sell your house.
Signs You Might be Ready to Sell Your House
You’ve outgrown your current home.
Are the kids literally on top of each other? Is your family growing? Are you blending families? This is the number one reason why people sell their home. Whether it’s looking for a better school district or just more rooms in the house, if you’ve outgrown your current house, it may be time to sell and move on.
You’re emotionally ready.
The process of moving, packing, and selling is an emotional roller coaster but sometimes you come to a state where you know that you are emotionally ready to let go of either a childhood home, a property you phrased your children in, or if there’s been a tragedy and you just need to get out of the house. All of this is part of the selling process so it’s important to prepare yourself for people coming into your home, looking at your stuff, and moving to a new space.
The real estate market is in favor of sellers.
This is a very interesting market right now. Obviously, the spring and summer is a good time to sell your house but our market has been going up and down from week to week over this past year. It really depends on the current market and if you are ready to sell. We have a huge wave of millennial’s coming in as first-time homebuyers so might be a great time to sell, however, talk to your real estate agent and let’s discuss the market right now. What may have worked last week may not work this week and vice versa. This is why having knowledge of the ever changing real estate market is an invaluable skill that your agent should maintain.
You’ve got a solid plan for the next step.
I recently sold a house for a single mother and her four children and she had absolutely no plan where to go next. Keeping the house and paying the mortgage would be just as much is renting but she needed the money from selling, however, she literally had no plan as to what to do next. It’s important to have a plan and if you’re planning on buying or renting and how much equity you have in the house. Working up a solid plan and then executing that plan upon closing makes good financial sense.
Your lifestyle is changing.
No longer need a house with a big backyard? Maybe you want to live closer to work or create a space with an open floor plan or home office. Many baby boomers are deciding to age in place but that might not be an option for you. As your home fit your current lifestyle? If not, it may be time to move.
If any of these seem like a reasonable excuse to sell your house give me a call. Let’s discuss what your home is currently worth and how quickly could sell in today’s market.
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