Have you had a feeling that it might be time to sell your home, but you’re not sure it is time? Here are five tell-tale signs that it is time to head to your nearest real estate agent to list your house.
1) Gaining Equity
As the real estate market gains speed, generally the equity in your house increases.
Negative equity means you owe more on your house than what it is worth (being upside down on your mortgage). This requires a short sale. But, when you owe less than your house is worth, and you have built up enough equity in your home to at least cover a down payment, well then it might be time to consider selling, especially if any of the following are true.
2) Your Family is Changing
Are you starting to think you have more people than rooms in your house? Not a single square inch left of space in any of your closets? And where does all that stuff come from any way? As your family grows, your need for space increases, so your cozy little love shack that you moved into as newlyweds might start feeling more like that little old lady who lived in a shoe’s house.
Or, perhaps those big empty rooms just echo a little too loud, now that the children who once scuffed every doorway and sill have gone and found homes of their own. Take this opportunity to downsize! Less room translates to more money in your pocket & less time spent cleaning.
3) Job Change
Switching jobs may mean lengthening your commute, and while you might have thought during the interview that extra twenty minute on your drive wouldn’t be so bad, it will wear on you as time passes. Finding a new neighborhood that you like as much as your current one is not as hard as you think. Your Realtor might be able to help you find your oasis in a perfect little neighborhood near your new job that you weren’t even aware of.
This could also signify a change in what you are able to take in terms of a mortgage, and that it is time to put your house on the market. Having a too-large mortgage can really put undue strain on you, your finances, and your personal relationships. On the flipside, real estate can be an excellent place to invest the extra money in your paycheck.
4) Lifestyle Change
Lifestyle changes encompass a lot of different things. Perhaps you moved to the suburbs to raise your kids on a nice quiet cul-de-sac, but now you’re yearning for a city loft or a brilliantly colored beach house on the Caribbean. Or maybe, you don’t want a house anymore at all! You want to sell your house and chase your dreams in a globe-trotting, travel-journaling, life-changing trip. Do like Steve Miller and take the money and run!
5) You Just Updated Your Relationship Status on Facebook
Marriage, divorce, change in domestic partnership, kicking out your college roommate, are all major life changes that will affect the environment you want to live in. While it may feel like the last thing you want to do during what is likely to be an already emotionally-fraught time, it will become evident that a change of venue is a necessity in short order.
If any of these events are sounding familiar, it is probably time to take the first step in selling your home. Give me a call and I can help get your house listed and sold quickly. (508) 317-0201