Published December 12, 2019
7 Surefire Signs that Now's the Perfect Time to Sell Your Home
Selling a home is a big decision. There’s a lot to weigh
when deciding to place your house on the market. For many homeowners, this can
lead to months or even years of deliberation and sitting on the proverbial fence.
If you’ve been thinking about selling your home, you may be
wasting valuable time that could be better spent in a house more suited to your
family’s personal and financial needs.
If you’re worried that you’re waiting too long to sell your
home, take a look at these surefire signs that now’s the right time.
1) You’ve Outgrown Your Current Home
Some houses are called “starter homes” for a reason—you’re
not supposed to be there forever.
Your cozy two-bedroom might have been perfect for a couple
of newlyweds, but if your family has grown since then, upgrading to a bigger
house could be utterly necessary.
2) Mortgage Rates Are Low
Low mortgage rates offer a double-benefit for people looking
to sell their home.
First, it encourages people to want to buy, meaning there will likely be plenty of potential buyers lining up to see their new listing. Second, it will help in the long-term when purchasing a new home after the sale.
3) You’ve Fallen out of Love with Your Neighborhood
Neighborhoods can be a lot like people—they go through
phases.
All it takes is a handful of neighbors moving out to turn a
quiet patch of middle-class suburbia into Frat Row or a magnet for crime and
dereliction.
By the same token, your personal life may have changed
enough since buying that the neighborhood no longer accommodates it. For
instance, you may have started a new job that’s much farther away, or you may
have a child starting kindergarten in an area with poor public schools.
In any case, if you and your neighborhood are no longer a
match, it’s time to move on.
4) Your Financial Ducks Are In a Row
If you’re swimming in credit card debt and don’t have very
much cash in the bank, you might find the process of selling your home and
buying a new home to be a little overwhelming. There are lots of little costs
that add up—hiring movers or renting moving trucks, painting the walls, minor
upgrades to improve curb appeal, the list could go on.
If you can’t comfortably manage those costs, now might not
be a great time to sell.
On the other hand, if you’re out of debt (except for your
mortgage) with sizable savings, you will be able to carry yourself through the
transition comfortably. That’s one more check in the “time to sell” tally.
5) You’ve Got Too Much Space
Needing more space is a popular reason for selling a home,
but having too much can also be a viable reason.
If your children have grown up and moved out, if your
half-acre yard is becoming too demanding to maintain, or if your utility bills
are shooting through the roof, it could be a good time to sell and move into
something that’s a better fit.
6) Home Prices are Strong
Homes are like any other commodity, their prices rise and
fall with the market. If home prices are looking up, now could be a good time
to sell and ensure a strong return on your investment. Strong home prices can
also be indicative of low inventory, which will make it easier to sell.
In other words—if it’s a seller’s market, it’s a good time
to sell!
7) You’ve Found Your Dream Home Elsewhere
Maybe there’s nothing wrong
with your current home. The neighborhood is great, it's just the right size...
but that doesn’t mean there isn’t a better house somewhere else.
Even if you aren’t house hunting, fate might lead you toward
your perfect home. If it’s for sale, why not seize the opportunity?
Thinking about Selling Your Home in Connecticut? The Lauren Sells Team Can
Help
If you’re thinking about selling your home in Connecticut,
or you’d like to consult with a professional before making a decision, get in
touch with The Lauren Sells Team today.
A Connecticut real
estate agency with years of experience, The Lauren Sells Team is dedicated
to delivering top notch customer service that results in a lasting and trusting
relationship.
