When you aren’t moving for practical reasons, such as a job in a new state, it can be difficult to decide when to sell your home. If you’re on the fence about whether or not it’s time to sell, consider these two points before making your decision.
When it comes to homes, size matters. If your family has outgrown your home, chances are you’ve already realized this. When you’re one bedroom short, it’s easy to decide it’s time for an upgrade. But, it’s more difficult to make the decision to downsize. If your home now houses fewer people, consider that you might be living in too much space. With your children grown and moved out, you may be able to find a more suitable home at a smaller square footage. And, a smaller home can either decrease your mortgage payments, or allow you to buy a home in a more ideal location. For instance, perhaps you’ve always dreamed of living on the beach. If you’re willing to live in a smaller home, you might now be able to afford a piece of Sea Pines real estate or a condo in Myrtle Beach.
Your house might still work for practical reasons, such as getting to work or dropping the kids off at school. But, is it the ideal location for the rest of your life? Are you close enough to the city, or to the mountains? If you’ve lived in your home for several years, chances are that you’re now in a better financial situation than you used to be. Or perhaps you’re more settled in your new city, and able to see which neighborhood is truly ideal for your family. Sometimes, it’s time to move even when there’s nothing wrong with your current home. If moving would make your ideal lifestyle accessible, then it’s well worth the hassle.
July 5, 2017