4 Signs That You’re Ready to Sell Your Home

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Have you thought about putting your property on the market? It may be time to move. We reveal four glaring signs that you’re ready to sell your home.

If you’ve had second thoughts about whether you want to stay in your home, it may be time to move. Below, we highlight five clear signs that you’re ready to sell your home.

Your Current Home No Longer Suits Your Lifestyle

People often put their homes on the market when they realize they’re about to outgrow their homes or that they’re no longer attached to their neighborhoods. Whether you’re expecting more children or your kids have left the nest, it may be time to find a property that better suits your family.

You’re Financially Prepared

It’s essential that you’re financially ready to take on this major life event. Build up more than enough savings to buy your new home, and don’t forget to consider other pertinent expenses, such as inspection and moving costs.

You Have Excellent Credit and Positive Equity

A strong credit history is crucial when you need to qualify for a mortgage. After all, your credit score can help you save money on interest rates and monthly payments. Additionally, you’ll need to have enough equity in your home—in other words, you shouldn’t owe more on your home than it’s worth. The more equity you have, the more secure you’ll feel in covering a down payment and closing costs for your next home.

Market Prices are Up

When it comes to selling a home, timing is of the essence. As such, it’s important that you understand the current market. If it’s a hot seller’s market, you should list your home sooner rather than later so that it sells more quickly and at a better price than originally expected.

You’ve Taken Care of Repairs

Of course, to prepare your property for potential homebuyers, you must put in the work. We suggest fixing any lingering issues, especially the major ones. For example, you probably shouldn’t sell a home with foundation issues for a host of reasons—not least of which is the fact that houses with damaged foundations sell for nearly 25% less than they would otherwise, even though the cost of fixing the problem is usually much less than that.

If you’re already aware of the signs we mentioned above, it’s time to find a real estate agent and sell your home. We wish you the best of luck in the selling process!

 

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