Why Should You Sell Your House Now?
Deciding when the best time to sell your home is can be tricky, as everyone wants the same things – a quick easy sale, the best possible price, and to end up in a home that is better suited.
There is no exact right time to sell a home, it really depends on the individual circumstances surrounding sale, and reasons for the move. Now is however a seller’s market, with almost half of properties spending less than a month on the market, and some selling in just a few days. So, with market conditions pretty much ideal, what are some other indicators that it might to be time to make the move and sell your house?
The Equity Is In Your Favour
The most common reason why people consider selling their home is that it is no longer suitable to their life, or meeting their needs. Your family may be growing, requiring more space, or just the opposite, and you may be able to downsize and collect a tidy profit out of your investment.
Whether looking to expand, relocate, or downsize keep in mind that your monthly payment should equal 25 percent or less of your take-home pay. In addition, the shorter the mortgage period the less interest is paid on the mortgage.
You Are Financially ABLE To Move
Many people have the desire to sell their home and move, but whether or not it is the right time to do so largely depends on if they are financially able to. Moving has costs that need to be considered that go beyond closing costs and legal fees. Don’t forget to consider expenses such as hiring movers and trucks, and most importantly, allocating some funds to get your current home ready for the market.
In order to get the best possible price for the home you are selling you may need to make some improvements throughout making sure it looks appealing to potential buyers. When looking to make changes consider the fact that kitchens and bathrooms sell homes, fresh paint goes a long way, and curb appeal will attract buyers to the home.
Whether or not it is the right time to sell is something that needs to be determined based on individual circumstances and needs but if you have all of the above three considerations nailed down, with the market in a great place for sellers it certainly looks like a great time to consider selling your home. If that’s the case, why not contact us today to get started on what could be a smooth and profitable house sale.