Maybe you’ve been on the fence about selling your house. You are wondering if it’s the right time. But, if you wait for the right time, it may never happen. The right time to sell your house differers for everyone. We have put together a few questions to ask yourself to help you determine if it’s the right time to sell your Charlotte home!
What is the property doing for you?
Your house should be doing one of these things:
- The home is your primary residence, somewhere that meets all of you and your family’s needs.
- It is a house you rent to high-quality tenants. It provides a consistent income with low overhead costs.
- You use the property for recreation. Maybe is a place for vacations or a weekend home.
If your home is vacant or costing you in repairs or tenant turnover, it might be time to consider selling it! Even if you originally purchased the house as an investment, but now that the house is vacant and needs a lot of work it’s more of a burden. Houses are not suppose to depreciate in value right, not always. If a house is vacant for long periods of time it could be a target for vandalism and if the house needs too many repairs it starts to really lose it’s value.
Is there another property that would better meet your needs financially?
In the world of investing, they call this “Opportunity Cost.” What property are you potentially missing out on because your money is tied up in a different one? Take a look at what’s out there. Is there a better place you could be investing your money?
Do you have “too much house?”
People buy their homes for what they need at the present moment. If you have a house full of kids, you might require a 5 bedroom home. However, down the road, you might not need so much space. Keeping up with a home that is too large can be stressful! You don’t need to live in a house that it too high-maintenance. Or possibly have you found yourself “house poor” meaning that your spending all your extra income into the maintaince and running of your house and starting to feel stressed. It may be time to sell your house and find another home that will allow you to be comfortable yet not financially stressed.
Or do you feel cramped?
On the flip side, people often grow out of there space. As families grow and acquire more things, they often require more space. Imagine what having a little extra space could mean for you and your family! It may be time to sell your starter home and upgrade to a new house that accommodates your growing family.
Is this really the house you want to be in forever?
There is no rule that states you need to stay in the same home forever. The beauty of real estate is that you can move at any time you want. Think about your future, a few years down the road. Can you picture yourself in the same place, or do you see yourself somewhere different? If you have found yourself in this predicament, and feel that your needs may have changed and now you are not as satisfied living in your house then it may be the right time to to sell your house, and find a better option for yourself.
Does the house need repairs?
Maybe the house is old and is in need of repairs you simply don’t want to make. Making repairs on a house you don’t really want can not only be expensive, but stressful and burdensome too. The situation your in has a silver lining, you don’t have to make any repairs to sell your house. You can choose to work with a reputable direct buyer such as Charlotte Sell Your House, who will buy your Charlotte house as-is. We will take care of everything, including the property’s repairs. Making upgrades and repairs and living in a construction zone is not for everyone, sell your house as-is, find a house that is perfect for you and let others who have the passion for flipping houses, have yours. It’s a win win. Charlotte Sell Your House can buy your house in as little as 10 days, they pay for all fee’s even the closing costs.
Do you have equity in the home?
If you are able to sell your house, pay off your mortgage, and have some left over to put down on a new house, selling might be right for you! If you are able to get at least 20% down for your new home, even better! If you would like to know more about the current value of your home, call us for a CMA (comparative market analysis) on your property! (704) 585-8818
What is owning your Charlotte house costing you?
How much are you spending each and every month to own the house? The costs of home ownership go well beyond a mortgage payment. You will need to consider other ways you are spending money on the house such as taxes, insurance, and maintenance. Maybe your not physically able to maintain your house anymore and needing to hire help on a monthly basis to keep up with your home, this may be the right time for your to sell your house and consider buying a condo where everything is already included in a small monthly fee.
If you have been thinking about selling, it likely means that it is the right time! There isn’t one answer that is right for everyone! Consider your options and make the decision that works best for you! Our team is ready to help answer any questions you may have!