There are many reasons to sell your home and move into a new one. But do you need to? If you’re thinking about selling your home but don’t know if you should, here are five signs you’re ready:
- You’ve outgrown your home
House size and layout makes a huge difference when it comes to raising a family. If you have a growing family and you’re running out of space, it’s a clear sign you need to switch homes. Lack of renovation space is another sign that you need to sell your home and move. You’ll be a lot more comfortable living somewhere that is spacious enough for your whole family to move around in.
Outgrowing your home also means outgrowing what the neighborhood has to offer you. If you’re looking for better job opportunities or more competitive schools for your kids, it might be a good idea to move.
- You want to downsize
Many people dream of living in a huge mansion, but not everyone wants the responsibilities that come with it. All the extra space can be a major drawback, requiring a lot of time and money just to keep it maintained. Empty-nesters and retirees know this all too well, and they are among those who typically downsize their homes. If you have many unused rooms in your home or are just using them for storage, you may be better off selling your home for a smaller one.
- Your lifestyle changed
When lifestyles change, so do your home needs. Many people probably won’t need a huge yard when their kids move out, and retirees will likely want a more compact home to live in. If your home no longer matches your current lifestyle, then consider selling it for one that better suits it.
- You’re financially ready to upgrade
If you’re thinking about upgrading and moving into a bigger home, you must have the finances to cover it. Make sure you have a good credit score, low debt, and enough savings. Also, keep in mind that you should not only be capable of paying for the down payment, but also for other costs like lender fees, attorney fees, and insurance.
- You’re emotionally ready to move
One of the most common mistakes that sellers make is not being emotionally ready to sell their home.Saying goodbye to a home full of memories, after all, can sometimes be a challenge.This leads to seller’s remorse, which can make it hard to sell a home.
To avoid all of this, mentally prepare yourself beforehand by decluttering, packing up personal mementos, and making the place look as inviting as possible for homebuyers. Think of all the good things your new home can offer you so that you can startthe next exciting chapter of your life.
Talking to an experienced Realtor like me, Valarie R. Brooks can help you determine whether it’s the right time for you to sell your home or not. Get in touch with my team today at 704.488.5458
or Valarie(at)ValarieRBrooks(dotted)com to learn more.