If you find yourself wrestling with the question of whether to sell, check out our five signs that now may be the time to call a REALTOR®!
You have no more big remodels or repairs to make
One of the biggest costs any seller may face comes in the form of remodeling, which may be helpful in adding appeal to a home, or repairs that may be needed to get the home through an inspection. If your home is fully renovated, and everything else is shipshape, that may be a major sign it’s time to sell! Not only will your home attract buyers, but your out-of-pocket selling costs could be reduced considerably.
You have positive equity
Of course, it’s important that selling makes financial sense to you! If you have positive equity on your home, meaning you’ve paid off enough of your mortgage where you would more than break even on the sale, it may be a good time to sell! You can use any profit from the sale on a down payment on your next home.
You’re running out of space
Now here’s a good reason to sell: You just don’t have enough room! Whether it’s because of a growing family or a change in the way you use your home, needing more space is a very common reason to sell and move on to something bigger. Lucky for you, there are plenty of sizable properties on the market.
Your lifestyle is changing
Sometimes you might want to sell for quite the opposite reason. Lifestyle changes are another big driver of sales activity, particularly for older homeowners who may be ready to ditch their snow shovel, lawn mower and leaf blower for the lower-maintenance life a condo or townhome can bring. If you’re ready to make that type of change, too, it’s a great time to sell!
You’re in a seller’s market
And of course, sometimes the market just tells you it’s time. In 2021’s case, there’s an abundance of buyer activity, particularly for more affordable starter homes, but not many homes are going on the market. That’s driving pricing up, and reducing the time from offer to closing. If you were just waiting for a seller’s market to sell, now’s the time to act!
Are you in one of these situations?
Maybe you’re convinced it’s time to sell? If so, reach out to get a good idea of how much your home is worth today.