The “For Sale” sign! You are darned if you do and darned if you don’t. When the right time comes for you to sell your real estate, you’ll be heading down the front lawn with a hammer in hand before you know it. The real estate market has been sluggish for the last few years and many home-owners have delayed putting their real estate up for sale in the hope that the market will recover.
While your goal is to secure the highest price, waiting for the market may not be the best choice in the long haul. For example, if the house is already in bad condition and you do not plan to renovate, then waiting to sell could mean a lower sale price and additional expenses. If you are living off of a retired income, spending thousands of dollars on home maintenance can cause more damage than good.
Is It Worth The Wait?
Ask yourself if it is worth the wait. If your property is becoming a burden because of high maintenance and renovation costs, it may be time to hang the sign.
If you think it is worth the wait, you’ll be happy to know that Arizona public reports have revealed that the real estate market is expected to gain modestly in many southwest areas such as Sedona, so we can assume that the worst is behind us. Property available on the market will increase as prices recover and we will see more bargains.
Aside from avoiding additional expenses and improving your financial situation, there are many other factors that come into play to help you decide if it is time to sell your house. These include:
All of Your Living Requirements
Does your home really meet your requirements? You may have plans to expand your family and are in need of a larger space or maybe you are about to retire and need to downsize your home and retreat to a more eco-friendly location where you can start a flower garden.
As your your kids buy their own homes, living several towns or states away may become more of a chore than a pleasure. Before you know it, you will be spending your retirement days tending to dusty shelves rather than bathing in the sun on the patio in your backyard. It may become too cumbersome for you to perform maintenance. Your best option might be to sell.
The Neighbourhood and Community
This is an essential factor for most people. Not just in terms of the environment and the demography but also in terms of attraction and appearance. Your current neighbourhood might be attracting a younger audience that is interested in loud music and block parties and as a result you’re in need of a tranquil nest (or vice versa). Perhaps you are longing for a home that is more vibrant, whatever the case may be- relocating may solve your problem.
Your community should cater to your essential needs, whether it is your career, education, transportation, healthcare or general entertainment. Having what your need right in your community could save you time and money.
In most cases, the choice to sell your home and relocate can be influenced by many pressing factors. Therefore, if you find it difficult to continue living in your current home now might be the time to sell.