Selling your home can be a big
life decision. So if you're
considering making a change,
consider these seven tips and
signs that it may be a great
time to list your home on the
market.
If houses in your neighborhood
are being sold like nobody's
business and homeowners are
selling for prices above the
listing prices, it could be a
great time to cash in on the
local real estate boom in your
area. After all, who doesn't
want to make a little profit?
If the price per square foot
continues to increase and if
the time that properties remain
listed on the market is
decreasing, it may be worth
considering a sale.
If you're not sure what your
local real estate market is
doing, I recommend getting in
touch with a real estate agent.
They'll be able to value your
home, so you have an idea of
the price you should list it at
. And remember, before you take
the step to actually putting
your home up for sale, be aware
that you'll need somewhere to
live once you sell the
property. So keep that in mind
so you don't have to spend a
month in hotels as this can get
really expensive.
The ongoing low interest rates
make it easier for people to
afford homes and can keep the
inventory moving quickly with a
large pool of available buyers.
And if you're looking at
upgrading to a larger home, it
may be a good time to consider
a move. However, interest rates
can change. So make sure your
buyers are thoroughly vetted
and pre-approved for their
loans.
If you're thinking of remodeling
your home so it suits are
changing needs, you should ask
yourself and research whether
the remodel will actually pay
off when you're ready to sell
the home. You can easily do
this by looking around your
neighborhood and determining
how your house compares to the
priciest homes in the area,
regarding condition and style.
If your home is similar, it may
make more sense to sell and put
the renovation money towards a
better and new property.
If you have children and
they're nearing the age where
we'll be heading to school, you
should consider if your current
home is the right one for them
to attend school and grow up
in. As a parent, you'll want
the best possible education for
your child, and that may mean
living in a different part of
the city to access the best
schools.
As lovely as your current home
is and as much joy it's
brought you, it may no longer
fit your current family needs.
Our lives have stages and our
needs change with these stages
as we move through them. So if
your family is growing and your
children don't have space to
roam, you may be seeking a more
spacious property. And on the
flip side, if your children
have left the home, you may
notice how much extra space you
have that doesn't get used now
. Either of these situations may
signal that it's time to
consider selling and finding a
home that better fits your new
reality and lifestyle.
If you feel like your
neighborhood no longer appeals
to you from the changes made in
the area or changes in your
life, it may be time to sell
your home. There could be many
possible reasons for a mismatch
now. For instance, you may be
tired of the restrictions
placed on homeowners by the
municipality or city you live
in. Or your neighbor has turned
the basement suite into a short
term holiday rental that
attracts rowdy and loud guests.
Or you're just tired of that
long commute to work that
didn't seem so onerous at
first. So whatever the reason,
it may be time to change the
area you live in so you're
happier
. If you're someone that
purchased a large five bedroom
home for yourself because
interest rates are low, you may
be feeling the pain now of
having to take care of such a
large home. Or maybe you
purchased a home with a
beautiful backyard thinking
you'd love to get into
gardening, but never did.
And now yard maintenance is
that extra chore you hate
doing. Moving to a different
space to reduce the level of
maintenance you have is a major
reason why people move and sell
their homes. And it's something
you should consider, too.
So if you're wondering how
moving could change your home
insurance premiums or you're
looking for a quote on your new
property, you can visit
squareoneinsurance.com and you
can watch more Homeowner
Resource Centre videos here.