Selling a house is not an easy decision. More importantly, knowing when to sell your property isn’t as straightforward as it seems. A lot of times, your judgement is clouded by your attachment to the house and the neighbourhood, so decisions become tough.
Here’s some helpful, rational advice: If you’re going through these things, then it’s a sure sign you have to put the house on the market:
Your family is going big, and the house isn’t.
Often, starter homes aren’t forever homes. You probably got your house in the past with just one child in mind. But now, you’re raising three kids (and one of them is probably your dog), so it’s best to get a space that could offer more space for your growing family.
Before you take this big leap, though, make sure you’ve exhausted all your options. See if you could get rid of some of your stuff or free up a space that could be turned into a room. If you’ve done these and you’re still feeling restricted, then it’s really time to sell your property.
Your house is too big.
On the flip side, you’re probably getting overwhelmed by having too much space in your house. Couples whose kids have gone to college or have gotten married often experience this scenario. All you have now is empty, quiet bedrooms that were once brimming with life. It makes not just financial sense to move to a smaller space, but also emotional sense. Seeing that your children’s bedrooms are unoccupied can be a nostalgic struggle.
It can be hard to break away from the house you’ve been at for most of your life. But the prospect of a new house where you can better enjoy the cosiness of alone time as a couple can be good for you.
Your house can be a cash cow.
…or a money pit. You probably want to add some pad to your wallet and bank account. On the other hand, you might have miscalculated purchase of the property and now you just want to be relieved of the financial burden. Either way, your house can be a good source of cash.
It’s best if you could work with experienced real estate agents when selling your house. This will increase your chances of getting better money out of the deal.
Deciding when to sell a house can be a tough decision. But if you do see these signs, it’s definitely time.