Signs It’s Time to Sell Your Home
If you haven’t yet found your forever home, there will come a time when you have to part with your present property in order to find a home that better meets your family’s needs, but how do you know when it’s time to sell?
Here are some of the most useful tell-tale signs that it’s time to move on:
- Your family has outgrown the place
Your home may once have easily accommodated your family and enabled you to live the lifestyle of your choice, but if that is no longer the case, it’s a clear sign you may need to move on. If you have more stuff than space, no room for the kids to play, nowhere to get away from it all and take a break, well it’s probably time to get that property on the market and start looking for a more suitable one.
- You can get a good price
If you own your own home, it’s always a good idea to keep an eye on property price predictions in your area. By doing this, you can identify the perfect time to sell. If your home has risen significantly in value, it’s a clear sign you should think about selling because you will be able to clear a decent profit and climb a rung or two further up the property ladder. If prices are in a slump, you may be better off waiting a while to see if things improve.
- You’re spending too much on it
If you’re spending too much of your salary on mortgage payments, it’s a clear sign that something is wrong and it may be time to consider downsizing if you don’t need the space. Moving to a smaller home is a great way to lower your monthly outgoings and build yourself a financial cushion, and you know what? Big homes aren’t everything, especially if there aren’t enough people to fill them.
- You’ve been looking at properties
If you’ve been scouring the internet for suitable properties or visiting every open house in the area, it’s a pretty clear sign you aren’t happy with your current living situation and a move may make you happier. If the circumstances are right, why not take a leap and find a brand new home you will love so much that looking at other properties won’t even occur to you?
- You have a plan
If you don’t have a plan in place that will cover all of the costs and taxes associated with moving, as well as ensuring that the kids have a good place to go to school, you’ll have access to all of the amenities you need and you will be able to keep up with all your commitments at the new house, you probably shouldn’t move yet. If you do have such a plan, you’re in a great position to move, so what’s stopping you?
How many of these signs have you spotted in your life? Has it given you the push to go ahead and sell your home?