Are you thinking about selling your home?
Roughly 5.34 million existing homes were sold in 2018 in the United States. And, in addition to those existing homes, 667 thousand newly constructed homes were also sold that year.
While selling your home may prove to be stressful, there are certain indicators that it may be a good idea to sell and move on. If you’re considering the idea of selling your home but aren’t sure if it’s the right time, you’ve come to the right place.
Read on to discover 5 sure signs that it’s time to sell your home.
1. Your family is growing
Before, when you purchased the property, you only considered yourself. You didn’t realize that you were going to marry someone soon and start a new life. Now, you have kids, and it’s not convenient for you to stay in the same house. Therefore, you need to consider selling it so that you can live in a more comfortable place. When your kids are growing, they need their own rooms and won’t be happy sharing rooms anymore.
2. The Neighborhood No Longer Suits Your Needs
If you no longer find the neighborhood in which you live desirable, then it may be time to transition to a new neighborhood.
Let’s take the example of a young couple living in the downcore core but with the desire to raise a family. Perhaps it might be worth it to move outside of the core and relocate to a more residential neighborhood with more variable school options and green spaces.
The sounds of late-night partying might be exactly what you need to think ” It’s time to sell my house“!
3. Low interest rates
When banks offer their loans at a low interest rate, it means that there are several potential buyers out there. Make the most of this opportunity by selling your house. Not only will you sell the place at a reasonable price, but you can also sell it fast. These buyers understand that the rates will not last long, and they need to act quickly.
4. It Makes Sense Financially
Did you get a big break at work? Or, on the other hand, are you living in a home that you feel you can no longer afford?
One of the realities of home ownership is the potential to become house poor. This involves living in a home that requires the bulk of your finances and leaves your wallet with very little after the mortgage payments.
Speak with your financial advisor or mortgage lender to see what you can best afford.
5. It’s a Seller’s Market
A seller’s market involves a real estate market in which home inventory and quality is scare and sellers are able to witness much profit in their sales.
Be sure to listen to the ups and downs of the current market. If the market is beneficial to sellers, it may be worth listing your home for sale to see what sort of prices buyers are willing to pay for your home.
Is It Finally Time to Sell?
If you find yourself relating to the above signs, it might be time to sell your home.
In one’s lifetime, a person in the United States is estimated to relocate approximately 12 times from beginning to end. Whether your family is expanding and you’re searching for something larger, or your needs have changed and you need a home that reflects these changes, people move for a variety of reasons.
If you’re ready to sell your house call the experts in Central Florida PHP Houses to get a Free Evaluation and Estimate of your property.
PHP Houses
142 W Lakeview Ave #1030
Lake Mary, FL 32746
Ph: (407) 519-0719
F: (407) 205-1951
info@phphouses.com
