Maybe you aren’t aware of it, but it could be time to sell your house. Not because you need to because of relocation, school district, or other necessities, but because sometimes it's just time. If you have been wondering if the forces of the universe are lining up to tell you it’s time to sell, maybe you should listen. Here are some hints that it might be time to move on.
Your family has outgrown your current home
There is, as you know, such a thing as a “starter home.” It’s small and you can afford it when you are first married, maybe even when you have your first baby. But somewhere down the line you gave birth to three kids and they are all in school and have so much STUFF - sports equipment and toys and electronics and winter/summer wardrobes - and it seems like they are always on top of each other vying for room. It might be time to admit that you’ve outgrown your home and need something bigger.
The seller’s market is too hot to resist
If you live in an area where houses are selling like hotcakes for fantastic prices, you might want to jump aboard the hype train and put a sign out front. How do you know that the market is working in your favor? According to Realtor.com; this is what to look for:
“The price per square foot in your area is increasing, the amount of time properties stay on the market is decreasing, and you’ve noticed an uptick in brokerage activity in your neighborhood. (If you're situated in an especially hot neighborhood, you might even get a letter or a knock on the door from a listing agent who wants to help you get in on the action).”
The struggle is too real
On the other hand, if you are finding yourself constantly stressed about money, it could be time to downgrade to a less-expensive home. Experts say that your monthly housing costs (mortgage + taxes and insurance) shouldn’t exceed 28 percent of your net monthly income. If you are constantly scrimping to get by from paycheck to paycheck and aren’t able to put some money away for a rainy day, maybe you should look into something more manageable.
The above are just some of the reasons that it could be time for you to sell your house. Ultimately, of course, you are the one who has to feel good about the decision.
