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Is it Time to Sell Your Home? Ask These Questions First

September 22, 2016

092216_image1Selling your home is a big decision which will impact you greatly. If you have been wondering if now is the right time to sell, there are important ideas to consider. Realtor Magazine, the publication of the National Association of Realtors®, has provided a detail list of many important questions to ask before you list your home on the market. If your lifestyle or financial situation has you ready to move up or downsize, asking the right questions will help you decide if now is the right time to sell.
Looking at the local real estate market is a great place to begin. Are current interest rates for mortgages attractive? If so, more potential buyers could be ready to purchase a home. If maintaining your current home is a challenge, with low interest rates, downsizing may be a good financial move to make. You should also ask yourself, “Am I comfortable selling in the current market?” Both slow and hot markets have their benefits for sellers and buyers alike. Time concerns, market selection and median prices will all play an important part when it comes to selling your property.

092216_image2Before you list your property, take a close look at your home, what it provides, and how you may update it. Have you owned your house long enough to build up sufficient equity? It usually takes a few years from the time you first buy a house to begin building equity. The more you have, the more likely you are to come out ahead when selling. Have you considered remodeling your home? If you are looking for a bigger space, additions or upgrades could be a more cost effective way to go. Remodeling can also add to the value of your home, so it is an idea worth considering whether you decide to stay or move.

It is also important to look at where you live when considering selling your home. Has your family situation or lifestyle changed recently? Does where you live match what you do, or where you want to be? If you are seeking a local move, spending time in other neighborhoods can help you compare the benefits of each. If your neighborhood no longer feels like home, perhaps it is time to sell.

When you are ready to sell your home, my team and I are ready to help you through the entire process. Our goal is to make your experience both easy and pleasurable. Contact us today at (925) 634-7820, or by email at realestate@cecily.com.

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