How to Know It’s Time to Sell Your House

National -
Sell Your House
Picture: Birgit Loit

Purchasing a house is one of the most significant decisions you might ever make in life, but selling it can be equally as momentous. Sometimes, a unique set of circumstances requires you to part with it, even if you’re not quite ready to. If you’re having a hard time knowing that now is the right time, some of the following factors may indicate that the day may have arrived to make the call. 

You Notice Many Selling Options

As more and more people consider selling a house without a realtor, you may begin to notice advertisements for cash buyers in your local area. While selling with a realtor used to be the most preferred option, it’s now one of many, like selling yourself or selling directly to someone who will renovate and on-sell. 

If a lack of options has put you off selling in the past, knowing that the process is easier than ever before may indicate that now is the right time to sell up and start packing

You Can’t Keep Up With Repairs and Maintenance

You might love your home and never want to leave it, but your current situation may mean you’re no longer in a position to keep up with the repairs and maintenance the property needs. 

For example, you might not be as able-bodied as you used to be, and the sprawling gardens now sit overgrown. Some people can also become overwhelmed by how many repairs are necessary, such as cladding, roofing, and painting. 

You might even struggle to keep up with maintenance and repairs if you’re in full-time employment and would prefer a smaller home with an easy-care section. These can all signal that a quick sale is necessary so that you can find a much more suitable home for your needs. 

Your Financial Situation Has Changed

Anyone’s financial situation can change in a matter of days, and sometimes it can mean that your mortgage is no longer serviceable. Instead of sacrificing life’s necessities, you may need to sell your home so that you can live a much more comfortable lifestyle. 

Selling to cash buyers is an ideal option in this situation because you can settle in as little as a week. You can then put your money toward another property with more manageable payment terms to suit your financial situation. 

You Need to Downsize or Upsize

When you buy a home, it usually meets most of your needs. However, over time, life can change. You may have welcomed children into the family, or your children may have left home. 

All of a sudden, your home may be too large or too small. Selling it can undoubtedly solve this problem, and you can put your money toward a home that is more fitting for your family. 

The Market is Right

The market you sell in is generally the one you buy in, but some areas experience more significant increases and decreases in value than others. If you generally keep an eye on what the housing market is doing, you may decide that selling at a particular time will help you make as much money as possible on your home. 

Sometimes, it can seem like there’s never a right time to sell, particularly when you’re attached to your home. However, if you relate with any of these scenarios above, it may be worth thinking about sooner rather than later. 

Previous articleMayor Bowser Unveils Unprecedented $400M Investment in Housing Production Trust Fund
Next articleSecond Century Ventures Selects 10 Tech Companies for 2022 REACH Canada Program