If you are like many people, you’ve considered selling your home. Here are five signs that it’s time to sell and move on.
5 Signs it’s Time to Sell Your Home
It can be difficult to tell when it’s really time to sell a home and move on to something different. However, these five signs can clue you in that you’re really ready:
- You’ve outgrown the space (or it’s outgrown you)
- Your home doesn’t match your lifestyle
- You no longer want to pay for repairs and maintenance
- The market is hot
- Your payments are stressing you out
Here’s a closer look at each.
Sign #1 it’s Time to Sell Your Home: You’ve Outgrown the Space (or It’s Outgrown You)
If your space feels cramped, you don’t have enough room to relax and unwind, or there just isn’t enough space to do the things you need to do, it may be a sign that you’ve outgrown your home. On the other side of the coin, if your home feels big and empty or it’s a bit too much to clean, it may be time to downsize.
Find Out How Much Your Home is Worth Now
Sign #2 it’s Time to Sell Your Home: Your Home Doesn’t Match Your Lifestyle
Many people who bought homes as recently as a few years ago are now finding that their living spaces no longer match their lifestyles. Whether that’s because your family has grown or become smaller, you’ve begun working from home more often, or you’re simply too far from all the amenities you enjoy, It may be time for you to talk to a real estate agent about selling.
Related: Three secrets to using plants to help sell your home
Sign #3 it’s Time to Sell Your Home: You No Longer Want to Pay for Repairs and Maintenance
The average homeowner spends about $2,000 a year in standard home maintenance. Costs can rack up quickly, and if you’re tired of paying for maintenance and repairs, it’s a sign that you may need to move. Whether that means you purchase a newer home that needs less maintenance and fewer repairs or that you buy a condo or townhome is up to you, but both of those routes may save you money in maintenance and repairs. You should talk to a real estate agent about your options.
Related: The best way to stage children’s bedrooms
Sign #4 it’s Time to Sell Your Home: The Market is Hot
When the real estate market is hot, you may stand to make an excellent profit by selling your home. If you’re on the fence, you should talk to a real estate agent to find out how much your home is worth. You may be surprised at what buyers are willing to pay for it on today’s market, and if the profit is significant enough, it may be a great time for you to sell and buy something else.
Related: Building a “she-shed”? Here’s how it may impact your home’s value
Sign #5 it’s Time to Sell Your Home: Your Payments Are Stressing You Out
If your house payments have become overwhelming and they’re stressing you out, it may be time to downsize or purchase a home with lower monthly payments. You should talk to a real estate agent and a lender to find out how much house you can afford on your current budget.
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