If you’ve been on the proverbial fence about whether or not to sell your home, there are some factors to consider that can help you with making a decision, one way or the other. Some of these have to do with the current housing market, while others focus more on your particular housing needs.
For example, if your current abode is no longer fitting your requirements, then it could very well mean that it is time to consider making a move. Some reasons for this could be that your family is expanding, or conversely, that kids are leaving the “nest” and it may be time to downsize into a smaller and more efficient option.
As real estate trends have been shifting over the past few years, it could also mean that if you put your home up for sale now, you may be able to price it more in your favor than you could even just a year or so ago.
In addition, it could be that you locked into your mortgage many years ago at a high interest rate – and, rather than going through the process of refinancing to a lower rate, now may be a good time to consider selling, and then starting fresh with a lower-rate mortgage, along with a new home.
If you are considering making a move soon, one of the very first steps to take is to obtain an estimate of what your home is worth to a potential buyer – which can oftentimes be done by taking a loot at comparable properties near you that have sold in the recent past.
Would you like to get a better idea of how much your current home is worth? Give us a call when the time is right, and we will be happy to provide you with a free, no obligation home value analysis. Having this knowledge is oftentimes a key determinant as to whether to remain in your current location, or to list your home for sale and find the new home of your dreams.
