Selling your home is a big deal. It’s a major life choice that comes with it pieces of you and your family’s members and sentimental value. But if you’re starting to notice some things aren’t working in your home, and you don’t want to drop a ton of money on renovations or additions, selling your home can be a good option.
Are you ready to move on to bigger and better things but selling your home is in the way of those goals? Below are some signs that it’s time to sell.
1. Your family is outgrowing the current available space.
One of the primary reasons people move is because their family is growing. Whether you already have children that are becoming teenagers or you’ve got another one on the way, this is a sign it’s time to start considering selling your home and finding another one better suited to your family’s needs.
2. Lifestyle changes or shifts are causing you to rethink your home.
Life happens, and sometimes you may reach a point where there is an unexpected event such as a divorce or death in the family, that causes you to reconsider if your home is still a good fit for you. Other changes that may cause you to rethink your living space are retirement or the kids going off to college, which means you may be ready to downsize.
3. It’s a seller’s market.
In recent years, there have been fewer homes available for sale, and this could have to do with retirees choosing to age in place, or investors buying up properties leaving very few homes for residential living. A good time to sell your home is in these phases, as homes are hard to come by, especially in Western North Carolina, and are often sold at top dollar. This is a good reason to take the plunge and sell your home.
4. Home repairs and expenses are mounting and taking a toll on your finances and mental health.
Home repairs are expensive. Over time, houses get older and will need regular maintenance to continue being a safe place for you and your family to live. If you’re not in a position to continue making repairs, it may be an indicator that it’s time to sell.
5. You’ve built up enough home equity to make selling make sense.
If you’ve lived in your home for at least 5 years, the amount of equity that has built up on your home can be substantial. This can help make a future home purchase more accessible to you, while also re-aligning with your lifestyle goals and taking advantage of the next best thing your life throws at you.
There are many factors that go into deciding whether it’s time to sell your home or not. After considering all of your options, and if you feel ready, selling your home can make way for better opportunities and be better for you and your family in the long run.
To learn more about how to know it's time to sell your home, click here!