Do you find yourself thinking about whether or not to sell your house? Do you browse the MLS in your free time just to see what’s on the market? Does every house with a For Sale sign grab your attention? If so, it might just be time to sell. As you contemplate your decision, there are many factors to consider, including the current state of the real estate market as well as your lifestyle and financial situation.
After years of housing recovery, today’s real estate market is continuing to experience a shortage of inventory among homes. That makes it total seller’s market at the moment, which should affect your decision. But, aside from being a seller’s market, let the following five items help you determine whether or not you are ready to move on.
1. Feeling claustrophobic?
If you’re getting frustrated because you are feeling overcrowded in your home, or if you don’t have enough space for guests to sleep, then you may be ready to sell. Maybe your kids are outgrowing their rooms (literally) or you’re thinking about adding to your family. These are also signs that it’s about that time.
2. You’re not in love with your home anymore.
As you start going through the selling process, things will be a lot more difficult for you if you still have some sort of emotional attachment to your home. Being this connected decreases the likelihood that you’ll even want to listen to the real estate agent’s advice. In order to sell, you need to be able to view your house as a product.
3. It makes financial sense.
This is one of most significant factors when it comes to selling your home and moving somewhere else. Are you financially ready to make the leap? Review all costs and expenses related to selling, including moving costs, as well as the down payment and closing costs on your new home. Most importantly, have a game plan.
4. You have equity in your home.
Ever since the housing market crashed, homeowners now have a tendency to be skeptical about putting their home on the market to sell. Thankfully, real estate has come back in full force. Increasing numbers of homeowners are getting their positive equity back and negative equity rates are at their lowest since 2012. Now is the perfect time to see where your equity stands. Do some research and have your home reappraised.
5. You are ready to make your decision.
Making the decision to sell your home can be difficult, but you don’t have to do it alone. Call Haden Tanner for expert advice that will make the selling process as smooth as possible. By considering all factors and working closely with a local realtor that knows the area well, you’ll be able to decide what is best for you and your family.
So, are you ready to list your home? Call Haden at (208) 315-2242.
Source: The Real Estate Book
