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Perhaps This Is a Good Time to Sell Your Home?

May 29, 2018 | By Louis Tully

Ever thought about putting your house on the market? The mere thought of selling their home can be uncomfortable for some people, especially if they’ve lived in the same house for several years. Perhaps you are in a situation where it is necessary to move, but are unsure of what to do with your current home? Should you sell it? Rent it out? If you’re in a real estate conundrum and need a bit of advice on how to move forward without taking a step back, look no further! Here’s how to know if it’s truly time to find a new home-sweet-home:

It No Longer Fits Your Family

Maybe you’ve had a couple kids since moving into your dream home and now it feels more like a cramped and cluttered nightmare. If your family’s outgrown your home, this is definitely a sign that it may be time to move sooner than later. Or perhaps it’s the other way around. Maybe your kids have long since moved out and now you and your spouse are left with too much house. Either scenario can create the need to start shopping around for a new place.

You No Longer Like the Area

You might want to sell your home for a wide variety of reasons, even if the neighborhood is picture perfect. But what if it’s not? If the area you once fell in love with has taken a turn for the worse in recent years, that’s usually enough to convince most people to sell and relocate.

The Market Is Hot

When making a decision as big as selling your home, timing is everything. Have you been keeping an eye on the housing market? Deciding whether or not you’re ready to sell should depend greatly on the current housing market demand. If you’ve noticed a lot of “for sale” signs around your neighborhood that never seem to come down, it is probably not the right time to sell. However, if the properties in your neighborhood are moving quickly and for a fair price, it is a good indicator that it’s time to put your home on the market.

Your Mortgage is Paid Off

Most importantly, what does your equity situation look like? It’s never a good idea to sell when your house has more mortgage attached to it than equity. However, if your house is just about paid off and you can sell it for a good price, this may be an ideal time to maximize the return on your investment. Regardless of your motivation, when you do decide to sell your home, you may need extra cash to make it market-ready. Installment loans could provide you with the fast infusion of funds you need to get the job done, sell your house faster and move ahead into a new home and a new life.