All goodbyes are difficult. Especially if you are bidding adieu to your home in the South Shore area! If you are asking whether to sell your house now or wait, we can help. Remax Deluxe’s real estate agents are experts and are only a call away!
Selling your house is one of the toughest decisions you will ever make. Thus, you must make sure to think things through. And consider many factors as well! At the end of the day, you would not want any regrets. The decision is entirely yours to make.
Still unsure? Do not worry! According to Business Insider, 5 scenarios say it is time. Here are the reasons to sell now:
You are fully prepared to move into your next home?
If you are selling your home, chances are you are also buying a new house. Therefore, you should ask yourself if there is going to be enough money until you settle in your new house. You can answer this by looking at the time when you bought your former home.
Equity from a house bought during a real estate bubble is low. Remember, you have to pay for your new home’s down payment, moving expenses, and the broker’s commission. If you can afford it, go for it. If not, you might want to wait while the house builds more equity before you cash out.
On the other hand, you are in luck if you bought your house during a recession! Those lower prices and low-interest rates come in handy. A future sale should bring you a nice profit.
You are emotionally ready to sell your home?
A person has special attachments to their home. After all, it is where dreams begin, where memories are made and stored, where comfort is, and so much more. These make it difficult to let go.
Aside from your house’s sentimental value, there are also psychological factors. Are you ready for the stress that comes with moving out? Organizing, decluttering, and packing can be tiresome. Constantly having to deal with potential buyers can be tedious as well. These are home selling issues a good real estate agent can help with.
Does current lifestyle does not match your current living space?
People change, and circumstances do too. So, if you find yourself being in a fully different situation compared to when you bought the house, you might want to sell.
For example, you do not need a big home anymore since all your children already moved out. Perhaps you are planning to work from home, thus requiring office space. Or you and your partner are nearing retirement age, thus looking for a place where all amenities are on the ground floor.
Does your family need a bigger home?
Having young children means having plenty of things. And as they grow, their needs and living space grow with them too. Then there is also schooling.
Many realtors will tell you that the number one reason why people sell their home is that they have outgrown their space because their family is getting bigger and they’re shopping for a school district. Bigger homes demand bigger mortgages and taxes. They are expensive, but so is private school tuition!
The real estate market is ready
For you to sell, you have to think like a buyer. On this note, consider the timing of your home listing. Are there enough prospect buyers? How are the listings you are competing with? Does your home offer something buyers are looking for? How are the interest rates? Thinking about these things helps you in timing you’re listing for when you are ready to sell and get the opinion of a good real estate agent.
Selling your house soon? Contact Remax Deluxe and have a consultation if it is time.