Living in the same house for years might be less-expensive but truly sentimental, and there will come a time when you really need to sell your home. You spend practically every lunch break checking out your local real estate listings, but you’re still waiting for the best time to actually sell your house and it’s a big struggle. This is especially true if you lived in the same house all your life. For this reason, you should consider moving out if you’re already experiencing the following signs to sell your home:
1. YOUR NEIGHBORS JUST MADE BANK SELLING THEIR HOME
If another house on your block with the same bedroom count just sold for a price that you would be happy to achieve, take it as your cue to test the market and find out the value of your own home. It’s actually as easy as contacting your realtor and asking them to do a home evaluation to get a sense of a ballpark asking price, according to the market. From there, you can come up with a selling strategy and list your home to see how quickly you get any bites.
2. YOU HAVE MORE THAN ONE CHILD SLEEPING IN THE WALK-IN CLOSET
The house that once perfectly fit two newlyweds is now bursting at the seams thanks to the addition of your dog, toddler and new baby on the way. Start checking your local listings (or consulting your realtor) about your options. Just be sure to map out the “amenities” you’ll need to consider it an upgrade.
3. YOU KNOW THAT INTEREST RATES ARE LOW
Right now, buyers are taking advantage of historically low fixed interest rates which is a major advantage to sellers since it means they can expect a larger pool of eligible buyers. Of course, you’ll still want to be sure that your prospective buyer is thoroughly vetted and pre-approved for a loan before going into contract. But if you’ve hired a realtor, they’ll handle all the nitty-gritty details, so all you need to focus on is the sale.
4. YOU’RE CONFIDENT THE OVERALL MARKET IS STRONG
Even if you’re not 100 percent ready to list your property, stay in regular contact with your realtor. They’re the best information source when it comes to knowing what’s going on in your market, especially if they know your selling needs. An increasing price per square foot and decreasing days that a property stays on the market. If you notice these trends, it’s a good time to list your home.
5. REMODELING WON’T SIGNIFICANTLY RAISE THE VALUE OF YOUR HOME
You can guarantee that adding another bathroom will be favorable to your resale, but by how much is TBD. So, while it may be worthwhile to do some updates before listing your home for sale, check with your realtor first to better gauge if making those upgrades would be worth it or not. You’ll still be comfortable with the market value and selling price either way.
6. YOU’RE STARTING TO CONSIDER SCHOOLS FOR YOUR KIDS
Whether you’re looking at a public or private school, there comes a time to reconsider your current location and look to places that best serve your child and their education. Getting into a reputable public school will also save you big bucks on private school tuition.
7. YOU CAN’T STOP THINKING ABOUT THAT PICTURE PERFECT HOUSE DOWN THE ROAD
Timing is everything. If you’ve pinpointed a new property or development you’d love to buy into with housing contracts that close in a few months, don’t miss your chance. List your home with a realtor (you can always take it off the market if you change your mind) and get your offer letter in.
Once you’ve checked all the signs to sell your home, decide how you’re going to sell your property – fast! And if you need any assistance, call us now and we are more than willing to guide you in selling or buying your dream home. You may reach us at 216-619-4387 or visit our website – www.cpdhomes.com