There are many reasons why it may be time to sell your home. You may need more space to make room for a growing family or you need to downsize after your kids leave the nest. Whatever your motivations, you want to make sure that you’re timing it right.
If you sell when home prices are plummeting, you may end up losing on the deal. If you sell when home prices are highest, there may not be a lot of buyers looking to move. So how do you know when it’s a good time to sell?
A qualified agent can help you determine if the market puts you in a good place or not. But for your own personal situation, here are the signs telling you that now is the time to sell your home:
YOUR HOME NO LONGER SUITS YOUR NEEDS. Outgrowing your house is very common for first time buyers and young families who initially bought their house as a “starter home”. When you start adding new additions to your family, especially children, it might be time to start thinking about finding a home that can fit everyone. If your family is growing, there is a good chance you want to sell your house and find a new one with more space.
THE MARKET IS RIGHT. When thinking of selling your home, it’s a good idea to study the local market. If your neighbor’s home sells in the first few days on the market, then you know there is a high demand for a property like yours in that area.