By Jason Gelios REALTOR® 6 min. read
In this brief article I share 6 questions to ask yourself if you are considering selling a home.
1. Is there enough equity?
There are costs involved in selling a home. Not having enough equity or money at closing to cover those expenses will make it harder to sell your home.
2. Has anything changed with your financial situation?
Maybe you are making more money compared to when you were originally thinking of buying another home which would allow you to purchase a bigger home. Consider your current financial situation and needs. Of course, you should never max out your budget on a home.
3. Have you outgrown your neighborhood?
Is the area you live in not appealing to you anymore? Are you looking for a change from the suburbs to the rural area or vice versa?
4. Can you remodel or add on to your current home?
Are you really looking to sell or just need a little more space? It may be wise to look at this option before selling your current home.
5. Is the current housing market appealing to you?
Will you gain what you need if you sell your home and purchase another one? Get with an expert to see where the current real estate market is and determine if it makes sense for you to move.
6. Is it worth the effort?
No matter how you look at it moving takes a lot of work. Ask yourself if the move is worth the effort. If it is, then happy moving!
The best time to buy or sell real estate is when it is right for you. Knowing everything that is involved will help you make the right decision.
Jason Gelios is a Husband and Father. After that, a Top Producing REALTOR®, Author of the book Think like a REALTOR®, Creator of The AskJasonGelios Real Estate Show and an Expert Media contributor.