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How do you know when you’re ready to start thinking about selling your home? Today I’ll be discussing six of the surefire signs that it’s time to list your house on the market.
1. You’re feeling cramped. If you find that every time you turn a corner you are running into a family member or stepping around objects, it may be time to look for a more spacious living area.
2. You have too much space. If it feels like you’ve got too much house and that you’re paying too much for space you’re not using, you might want to take a look at selling, especially in today’s market.
3. You’re over the neighborhood. You can’t change your neighborhood and you certainly can’t pick your neighbors. If you feel like you’re having issues with the area that you live in, or that the home values of the neighborhood are declining, give us a call.
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If you want to remodel, there’s a chance that you won’t get a return on that investment.
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4. Remodeling won’t return on investment. I see people do this a lot, so look out for it. If your home is in the top half of your neighborhood’s home values, that means that the bottom half is bringing your property values down. This also means that if you want to remodel or renovate, there’s a chance that you won’t get a return on that investment if you’re the nicest house on the block. In this case, a dollar in doesn’t necessarily equal a dollar out since your home value might not be in the same place when you decide to move.
5. You can afford to sell. If you would like to take the equity out of your home and use that money to invest in something else, it may be time to consider cashing in.
6. You’re ready to compete. It’s a seller’s market right now across the country, especially in certain price ranges. People are competing for your home. If you were thinking of selling a few years ago but the values weren’t there, take a second look now because the market has definitely changed. There is a lot of demand, and rates have gone down once again—now is a great time to look into selling.
