There is never a perfect time to list your home. Whether you have lived there for years, or just moved in, life can change things on a dime. When change happens how you react to it often determines your happiness. There are times when you will be forced to consider listing your home and starting over somewhere else. This can be a difficult decision, but one that you shouldn’t avoid. Waiting for things to work themselves out often doesn’t work out for the best. By getting out in front of listing your home you can maximize your sales price and help quickly transition into your new home. Here are four reasons to list your home and start over somewhere new.
The most obvious reason to move is if you are forced to relocate. This is generally work related and leaves you with little time to think. If this is the case it is important to take a step back and think about the long game. Sure, you want out of the property quickly, but you also don’t want to settle and accept a bad offer. It is a good idea to do as much basic cosmetic work and minor updates as possible prior to listing. Not only will this help increase your bottom line, but it will improve appeal making a quick sale a realistic possibility.
Financial Considerations.We are all creatures of comfort and habit. There are many homeowners who know deep down that they can’t, or shouldn’t, continue with their current housing payment yet fail to do anything about it. Regardless of how long you have been there, you need to jump off the tracks as some point. It doesn’t do you any good to live in a home if you are not comfortable with the payment. As much as you love your current home you will enjoy life more getting into a home with a more comfortable payment. Don’t wait until you become late on the mortgage and are forced to move to take action.
In real estate bigger isn’t always better. On the surface a big home sounds great, but reality can tell a different story. A big house means increased upkeep and maintenance. If your children have moved out and you no longer need all the space, you may want to consider downsizing. A smaller home is a small yard to cut and a smaller interior to take care of. As you get older you will find yourself only occupying a few rooms in your big house anyway.
Market Change.It is amazing how few people actually move from the market they currently live in. If you are like most people even if you don’t like where you live, you end up staying there for years, if not decades. A change in the school system, taxes or other demographics can prompt you to finally make a move. Like most other things in life, it is better to be a little early to a change, than wait a little too long. If your market is declining the odds are it is not going to magically get better. You may love everything about your house, but if the market is poor it is time to consider a move.
Listing your home is usually a decision that requires hours of deliberation and discussion. It can be a dramatic experience if you have been in the same house for years. Like any other change you will get adjusted to your new normal over time and look back and wonder why you didn’t act sooner.