Have you been looking through listings, monitoring mortgage rates, and daydreaming about life in a new area, but you still find it difficult to put your house on the market? We get it. Your home is a crucial component of your family, your finances, and one of your most valued possessions.
To sell your home or not sell your home might be a challenging choice. It might be challenging to determine when to act both financially and emotionally, but here are five indicators. Contact Berkshire Hathaway HomeServices at (310) 373-0021 if you need help selling your home and/or buying a new home.
Your home and lifestyle are no longer compatible
The majority of life is spent at home. It might be time to relocate if your family or way of life has changed. When you first purchased your two-bedroom home, it may have had plenty of space, but with pets, children, and working from home, it may now be less than practical. Additionally, the public transportation, parks, and school districts in your neighborhood should be sufficient to satisfy your demands.
You’ve increased the value of your home
An essential first step in deciding if it is prudent financially to move is to understand your home equity. The difference between the current value of your property and the amount owed on your mortgage constitutes your home equity. It refers to how much of your house you actually own outright. If you’ve lived in your home for more than five years, you probably have positive equity, according to the 5-year rule.
The market is in a favorable state
A seller’s market is currently prevalent in several areas in our area. A seller’s market is one in which there are more available properties than there are buyers, which increases the likelihood that your house will sell quickly. Contact Berkshire Hathaway HomeServices to get an estimate on how much your home may sell for in the present market if your neighbors have been selling their houses for attractive prices. It’s critical to understand the situation of the market in order to predict how long and how much your house will be on the market.
You’re ready to move on emotionally
The market is on your side, and your finances are in order. That’s wonderful, but it’s also important to acknowledge and deal with the emotional components of selling your house. Making the decision to move is difficult. Life experiences establish emotional links to your house that are challenging to break, even when you know it’s for the best. Verify your ability to distance yourself. Think about the benefits of your new home and the reasons you need to relocate.
Call us now to find out if it’s a good time to sell
Asking a professional can give you peace of mind that you’re making the right choice. To get advice from the experts, reach out to Berkshire Hathaway HomeServices at (310) 373-0021 at your convenience.