How To Know When It’s Time To Sell Your House
Selling your home, for any reason, is always a difficult decision.
Whether you’re moving to give you some more room for a growing family or for a job relocation, knowing when it is the right time to sell can be tricky.
Make the choice at the right time and give yourself the best chance of selling your home quickly for a good price.
Your Neighbours Just Made Money Selling Their Home
It can be a good idea to keep an eye on any houses in the neighbourhood that go up for sale, especially ones that are similar to yours.
If next door have just sold their house, which is virtually identical to yours, for a tidy profit, it could be worth putting yours on the market too. If house prices around you are going up and staying there, why not make some money? You can keep track of house prices in the area with a housing report.
Ask a realtor to take a look at your property and get a free valuation. They can give you an idea of the sort of asking price you could get for your property.
Your Home Isn’t Big Enough
Did you buy your house as a pair of childless newlyweds, but now you have a child, a dog and a growing baby bump?
If you’re rapidly running out of bedroom space, and are considering turning the airing cupboard into a bedroom for the new baby, it’s time to move on.
Even if you’ve been very happy in your current home, you need a home that matches your growing family.
Interest Rates Are Low
Low interest rates are an advantage to sellers, as you can expect a potentially larger pool of interested buyers.
Let your realtor bring you properly vetted buyers with a loan already secured to get the best chance of securing a sale.
The Market Is Strong
If you’re not sure about selling, it can’t hurt to check in with a trusted realtor anyway from time to time. They can keep you up to date with changes in the housing market that could benefit you.
If prices are going up, and sales are happening faster, these trends are good signs that it’s time to sell up and move on.
Remodelling Won’t Increase The Value Of Your Home
If you need something that your home doesn’t currently have, like another bedroom, a new kitchen or a large garage, you could remodel instead of sell. If you’re going to invest in the expense of renovations and remodelling, you should be reasonably sure of a return on your investment.
Remodelling should increase the value of your home. Check with a realtor first to see if the renovations you’re considering would earn you your money back.
If they wouldn’t add value, it might be better to move a home that meets your needs, instead of spending money on changing the home you have.
Your Children Will Start School Soon
If your children are nearly of an age where it’s time to start school, look into the best schools in your area. If you don’t like the look of the schools near you, look a little further afield.
Most schools require you to live within their catchment area, so it may be worth moving to an area which would put you into the catchment area of the school you want to send your children to.
You’ve Found A Dream House
Many of us enjoy an occasional browse through property listings or stop to look at the houses in the window of a realtor’s office.
If during your browsing you’ve seen a house that catches your eye, it might be worth seriously considering. Are you thinking about that house a lot and picturing your family living there?
If you’ve accidentally stumbled onto your dream home, don’t risk losing it.
You Can Afford To Buy A Better Home
Can you afford a bigger house, or a home in a better area? If you’ve been smart with your cash and have the budget to make a move for the better, why not make it?
A home in a nicer neighbourhood, near better schools and with more space for you and your family? What’s keeping you from making the move?
Of course, sometimes a smart move is to downsize, such as if you’re retired and your adult children have moved out, then you could make the move to a smaller, but better quality home in an area you love.
Are you thinking about selling your house?
