Are you living in your forever home, or your “right now” home? How do you know when it’s time to start looking again? Read on for some of the telltale signs that it’s time to list your home for sale and make a move.
1. You’ve outgrown the space (or you have too much of it).
Tripping over kids, pets or belongings as you walk from room to room? While a bit of tidying-up never hurts (we see you, Marie Kondo!), it might be a sign you need more square footage for your growing family or hobbies. When looking for a new home that will help you spread out, consider factors like number of rooms, layout and square footage to ensure your new space will fit your family and/or lifestyle.
On the flip side, if you no longer have kids in the house or get lost when navigating between rooms, it might be time to downsize. Depending on your area, smaller spaces can be easier to find. You might even consider other types of residences besides single-family homes, like a condo.
2. You’re thinking about the money.
If you purchased a property outside your budget limit or you’ve recently had a decrease in your income, you might want to consider putting your house on the market. There’s no sense in staying in a home you can’t afford!
On the flip side, maybe you have equity in your home and want to cash in on it. For the last several years, home values have been on the rise. That means many homeowners are building equity – which means your home is worth more than you owe on it. If you have enough equity, you can use it to your financial advantage by paying off your current mortgage – then covering a down payment, closing costs and moving expenses on a new place, which could save you big in new payments.
3. You can’t stand your commute or need to relocate.
Just can’t take one more day of your long commute? Hate the cost of travel – and the time you’re spending away from your family? It might be time to consider relocating to an area closer to your place of employment to give you more time at home (and less road rage!).
Or maybe you’ve been suddenly promoted! If relocation is on the table, it’s time to look at putting your current home on the market. Start weighing the pros and cons – and considering factors in the new location like neighborhoods, school districts, walkability and other factors that might be important to your family.
Whatever your reason for thinking of selling, we’re happy to talk through your options. Let’s grab coffee and chat today!