5 Signs It's Time to Sell Your Home

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October
15

5 Signs It's Time to Sell Your Home

October 15th, 2020 by Anonymous

Have you been browsing listings, keeping an eye on mortgage rates, and imagining life in a new neighborhood, but you can't quite bring yourself to list your home? We understand. As one of your most valuable assets, your home is an integral part of your family and your finances. It can be a difficult decision to sell. Knowing it's the right time emotionally and financially can be confusing, but here are 5 signs that you should make a move:

1. Your lifestyle and home no longer mesh

A lot of life is lived at home. When your family or lifestyle no longer fit, it may be time to move on. Your two-bedroom house might have had plenty of room when you bought it, but with pets, kids, and working from home, it now may be less than functional. Additionally, your neighborhood should have adequate school districts, parks, or public transit to meet your needs. Learn about the benefits and attractions of communities in our region by visiting our Community Page.

2. You've built equity in your home

Understanding your home equity is an important step in determining if it is financially responsible to make a move. Your home equity is determined by the amount you gain (or lose) when your mortgage balance is subtracted from the current value of your home. It is the amount of your home that you own outright. According to the 5-year rule, if you've been in your home for more than five years, there's a good chance you have built positive equity.

3. Market conditions are right

Many communities in our region are currently experiencing a seller's market. In a seller's market, the demand for available homes exceeds the supply, and it indicates that your home is more likely to sell quickly. If your neighbors have been selling their homes for desirable amounts, get in touch with an agent, or use our What's My Home Worth calculator to get an idea of how much your home could sell for in the current market. Knowing the state of the market is important to estimate how long your house will remain for sale and how much it will sell for.

4. You're emotionally ready to move on

Your financials are in order and the market is on your side! That's amazing, but it's also crucial to realize and address the emotional aspects of selling your home. The decision to move is stressful. Even when you know it's for the best, life events create emotional ties to your home that are hard to sever. Make sure you can detach yourself. Focus on the reasons you need to move and all the positives of a new home.

5. You've connected with an agent

Reaching out to your agent early on in the process is a great way to avoid confusion about pricing, listing, and negotiating the sale of your home. Agents are there to give you a step-by-step plan to sell your home, and they will help you address any problems that may arise. If you've been researching local agents, or connected with an agent already, it's a good indicator that you are ready to make a move. If you are interested in reaching out to a Ruhl&Ruhl Realtor, visit our Agent Page, or contact Customer Service at .

Categories: Selling a Home

5 Signs It's Time to Sell Your Home

1. Your lifestyle and home no longer mesh

2. You've built equity in your home

3. Market conditions are right

4. You're emotionally ready to move on

5. You've connected with an agent

Let Us Help

Not finding what you are looking for?

Ruhl&Ruhl Realtors

5 Signs It's Time to Sell Your Home

1. Your lifestyle and home no longer mesh

2. You've built equity in your home

3. Market conditions are right

4. You're emotionally ready to move on

5. You've connected with an agent

Let Us Help

Not finding what you are looking for?

Ruhl&Ruhl Realtors

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