You might have been asking yourself or discussing with your partner whether it’s time to sell the house. Selling your home is a huge step to take, and it is essential to make sure you are ready to make this happen. There are several factors that go into making this decision, and it can be overwhelming to think about, especially if you have been living in your home for years. If you aren’t too emotionally attached to your home and have been debating to sell it, here are six signs it’s time to make the big step.
1. There is a sense of imbalance.
This could go two ways. One situation could be that you and your family have outgrown the home. Maybe you are expecting a child or have some relatives staying with you for a while and space seems to be getting smaller. The other could be that the home has outgrown you. Some people have moved out and you are now left with an unnecessary amount of extra space. If things start to feel cluttered or you are having problems maintaining a large amount of space, consider making the move.
2. You have positive equity.
Equity is the remaining amount you have in your home after subtracting what your home is worth and how much you still owe. If your home is worth $250,000, and you owe $50,000 in mortgage payments, then your equity is $200,000.
To find out how much equity you have, review your recent mortgage statement and then figure out how much your home is currently worth. You can receive the most accurate amount by contacting a real estate agent who is going to view the homes that sold in your area and determine the final market value.
With a generous amount of equity, you are probably going to be eligible to purchase a new home and be covered for a down payment and any closing costs.
3. Change is calling for you.
Change can sometimes be overwhelming when you have to adjust yourself to some new area, new people and new surroundings. Maybe you had a negative experience in your life or got a new job somewhere else. You know you’re ready to sell your house when the place you are living in now is not giving you the fulfillment and satisfaction you once had or are still looking for.
4. The market is strong right now.
If you have been living in your home for several years, then you are probably familiar with the real estate prices in the area. With this in mind, be on the lookout for the trends and the best times to sell your house. In a strong market, there are some common indicators to be aware of. If the homes’ price per square foot is increasing and the number of days that homes have been listed is decreasing then the market is strong and good enough for you to sell your house.
Stress is one of the largest concerns when selling a home. Staging, managing finances and documents, and simultaneously juggling the rest of your life can be completely draining. However, one thing is certain about selling your home: it’s a lot easier when you have a solid real estate agent to handle it. Remember, No-One Works Harder to Sell your Home more than Joe! Contact Joe today by calling 813-908-7293 or visit https://josephlewkowicz.com/