5 Signs it’s Time to Sell Your Home

We get it – deciding whether to stay where you're at or sell can be a tough decision. That’s why it’s important to analyze all of the important factors to determine whether it’s the right time to get out while you can or be content where you're at. Find out below what the top five signs are that it’s time to move on and sell your home.

Limited Inventory

It’s currently a seller’s market, which means that sellers have the advantage because there are more buyers than there are houses for sale. This gives sellers an advantage overall. If you’re even considering the thought of selling, the balls in your court and know this might be the only push you need. 

Increasing Rental Rates

Rental rates for apartments, condos, homes and town homes are also higher than they have been historically because people are waiting longer to purchase than they have in the past. Because of this more people are beginning to see the short term along with the long term financial benefit of purchasing a home now. Are you also feeling the squeeze as a renter? Perhaps it's time to take the leap and actually build wealth for yourself instead of paying off someone else's property.

Desirable Interest Rates

As of the last several years, interest rates are the lowest they’ve been in decades, but they aren’t going to stay that way. Whether you’re brand new to the market as a first time home buyer or you’re a seasoned veteran, now may be the perfect time to relocate to your dream home while interest rates are still low. 

Doesn’t Fit Lifestyle or Current Situation

There can be a variety of reasons why your home no longer suits your lifestyle. Your family may have expanded and you’ve simply outgrown the house and neighborhood. Or you may just have a long commute to work which eats up more of your monthly budget than you'd like. When your house no longer compliments your family and lifestyle, it may be time to relocate and settle into a longterm home. 

You’re Out of Debt / Financially Sound

Perhaps you’ve worked hard to eliminate all none-house related debt and finally have your finances in order along with a nice nest egg. You’re in great shape! Those that are financially sound and are ready for an upgrade or relocation to newer area, are the perfect examples of homeowners that could sell their home.

Selling your home requires a leap of faith, but it can also be the difference between longterm financial growth or sitting on a money pit. If you find that you don't fit into any of these categories and aren't sure if you should sell, our team can help you figure it out.