When Should I Sell My House? 10 Sure-Fire Signs It’s Time to Sell
After you’ve lived in a home for a long period of time, it can be hard to let it go and move to a new house. Yet oftentimes, a fresh start and a move to somewhere new is the best choice that you can make.
But how can you know that you’re ready to move? How can you be certain that now’s the time?
If you’re trying to figure out, “When should I sell my house?”, keep reading for ten signs that indicate that you’re ready.
You Need More Space
Take a look at the different nooks and crannies in your house. Are they neat and orderly, or filled to the brim with objects?
The longer you live in a space, the more things you tend to accumulate. After a while, a garage sale isn’t enough to get rid of all of the things you have. If you’ve filled up your cupboards, closets, and other spaces to capacity, it might be time to move and look for a bigger space.
You Have Children
If you have a newborn or toddler, you’ll know that they don’t need a lot of space. But as they grow older, they need an environment that can grow with them.
If you have more than one child sharing the same bedroom or no space outside for kids to play, consider moving to somewhere that does. Children that have room to play outdoors are happier than those cooped up inside.
The Neighborhood Has Changed
The right neighborhood can be a huge selling point for a house. Yet in some instances, the appeal that it once provided can disappear. Whether it used to be empty but is now crowded, or if it used to be safe but is now dangerous, changes in neighborhood dynamics can indicate that it might be time to leave.
Consider looking for a home in a neighborhood that offers what your current area used to have.
It’s a Good Time to Sell
There are good times to sell a home, and then there are bad times. If you know that you can make a lot of money if you sell your home now on account of optimal market conditions, consider switching around schedules or plans to make that extra profit.
Once you decide that now is the time to sell, it’s important that you go about selling your home the right way. Check out these tips for selling a house.
You Can Get a Low-Interest Rate
In addition to paying attention to market trends and fluctuations, you should also be aware of interest rates. A low-interest rate can be another indicator that now is the time to move.
Lower rates will allow you to get a better mortgage on your new house. They’ll also attract buyers to your current house.
Your Finances Are in Order
Before you move to a new home, it’s a good idea to make sure that all of your finances are in order. Otherwise, the process can turn into something complicated and messy.
If you’re debt-free (mortgage aside) and have several months of savings in the bank, you should have the financial stability you need to make the move happen.
You’re Prepared for the Costs of the Move
Keep in mind that the cost of the new house is only part of the expenses. You’ll also have to pay to move all of your belongings.
Depending on the distance and the number of things you have, moving costs can be substantial. You should also consider investing in different ways to stage your current home to help it sell. Apply a fresh coat of paint, and make sure your kitchen and bathroom look new and renovated.
Your Commute Is Too Long
If you’ve switched jobs since you’ve moved into your current home, you may now need to make a long commute to and from work every day. If that’s the case, consider moving closer to your office.
Lengthy car rides are not only unnecessary but they can also add up in the form of gas and vehicle maintenance expenditures. Moving closer to your place of work will cut down on costs in the long run.
You’re Emotionally Ready
Moving to a new home is a long process that requires proper planning and logistics. Yet you’ll also need to make sure that you’re ready for the emotional issues that can come along with everything.
If you’ve lived in a home for a long period of time, odds are that you’ve made some happy memories there. Although there can also be bad memories, everything seems sweeter when it’s time to leave. Make sure that you’re ready to move and start the next stage of your life before you begin the process.
A Real Estate Agent Is Ready to Help You
If you’re certain that now is a good time for you to move, talk with an experienced real estate agent to hear their recommendations.
The right real estate agent will give you advice, provide you with regular updates, market your home, and get the process done as quickly as possible. Check reviews and get a referral if possible to ensure that you work with someone reputable and dependable.
When Should I Sell My House? When You Know, You Know
It can be difficult to commit to big decisions, and selling your home is one of the biggest decisions you can make. If you’re wondering, “When should I sell my house?”, following this guide and these 10 tips can be a good place to start.
Do you have any other tips on when to sell your house? Let us know in a comment down below!
If you found this article to be helpful, don’t forget to check out some of our other blog posts for more guides and tips.