Homeowners are typically driven to sell for a specific reason, like a new job or growing family. However, there are occasions when it's just a smart decision. If you're on the fence about selling your home, here are four signs that you're ready for the move:
1. Your home feels too small or big
This sign is fairly obvious – if you feel like you've outgrown your space, or that it's too much for you, that's more than enough reason to look for a home that's more accommodating to your needs. Sometimes, however, these needs aren't so immediate. If you're planning a family or some members are moving out in the near future, you can start looking for a home that works for these eventualities.
2. You're not emotionally attached to the property
Emotional attachment often holds homeowners back from putting their place on the market. If you don't have any particular care for your house, though, you're already in a much better position to sell. Owners that are too emotionally invested often have a hard time listening to advice from a real estate agent or taking the necessary steps to close a deal. Without all these feelings, you can make even better choices about how to market and sell your listing.
3. You're in a favorable market
For those who aren't as intuitive to the nuances of real estate, this sign is not so obvious. Luckily, it's not too hard to figure out whether or not you're in a promising market. Factors include time of year (sales usually pick up in the spring), your location (homes in a good school district sell fairly well) and comparable properties (similarly sized homes in your neighborhood are a great metric). If you're looking for even more insight, you can consult with a Realtor on these considerations.
4. You can get a good mortgage rate
For the past year, mortgage rates have been at a historic low. While they're steadily making a climb back up, time is running out to take advantage of affordable rates. If you're questioning the timing of your move, this should be the factor that motivates you to do it sooner rather than later.