Is It Time To Sell?
July 18, 2019
BY Kyle Barber
Is it time to sell your house?
Thinking of selling your home? Don’t wait too long. Most people don’t plan on living in their first (or second or maybe even third) home forever, but knowing when the time is right to put that baby on the market can be tricky.
In fact, it can feel kind of like breaking up with a longtime boyfriend or girlfriend. Deep down, you knew you wouldn’t be with that person forever—but ending things can be way easier said than done.
Sometimes life changes force the issue: there’s little reason for self-doubt or trauma-level angst if you’re relocating to another state or you know your newborn twins won’t fit in your one-bedroom bungalow. But without a pressing reason staring you in the face, it can be hard to know when you’ve outgrown your home.
- You’ve outgrown your house: Your family may be growing (with a new spouse, young kids, and adult child returning home, or elderly parents) and you need more space. Either adding on to the house isn’t an option, or it won’t add value.
- Your lifestyle has changed: Maybe you have started working from home, or you’ve adopted an extended family of indoor cats.
- You want a new neighborhood: You notice a spike in crime, you want to be able to walk places, or your HOA is driving you up the wall. For whatever the reason, if you are unhappy with the location of your house, now is a great time to move.
- The nest is empty: Maybe your kids have left home and you have extra bedrooms and playrooms collecting dust, or you are able to travel more and don’t want the hassle of a large house to maintain.
- The remodeling on your home will not offer a return on your investment: Most of the time it is worth it to renovate parts of a home, but sometimes the numbers don’t make sense. If you want that updated kitchen, the best bet may be to find a home that already has one.
- You want a shorter commute: Maybe the 40-minute commute to work didn’t seem like such a big deal the first few years, but now you’re dreading it every day. Or your kids are getting older, which can be a big problem if you’re not in the right location.
- You can afford to sell: Sure you are going to make money when you actually sell your home, but as the adage goes, it takes money to make money. Be sure to have the funds available to put your home for sale. Most sellers need to make minor improvements such as painting, landscaping, or updating flooring to get a good price on your home.