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Should I Stay or Should I Go? How to Know When It’s Time to Sell

November 28, 2017 12:54 am

Part of being a homeowner is dealing with the intermittent thought, “Hmm, maybe I should put my house on the market...”

Obviously, deciding to sell your home is no small decision. In fact, it’s right up there with deciding to buy a home in the first place. Here are four indicators that can help you decide whether now actually may be a good time to list your home:

You’re out of space. While it might be nice to have more room for your shoes, does that warrant a new home? On the other hand, is there a baby on the way? An in-law moving in? If your household is getting ready to grow, it may be time to move on to a house that will accommodate your expanding needs.

You’re in a hot market. If “sold” signs are popping up frequently in your neighborhood and prices are rising quickly, it might be worth talking to your real estate agent. If now is the time you can potentially make a big return on your investment, you might want to consider making a move.

You’re sick of yard work. If raking leaves and restaining the deck are no longer considered fun projects, you may be at a stage where you’re looking to scale down to a more streamlined, less work-intensive living situation.

Your life has changed. If you’ve had a major life event—marriage, divorce, new job, retirement—it may necessitate a new home and/or a new location that makes more sense for your new life. Consider whether your current home is still the right fit.

Published with permission from RISMedia.