For some, the thought of, “I need to move out of this house!” comes at a time when you feel trapped and need more space. For others, maybe your family has grown and you need extra rooms for the little ones to grow up in or you finally feel financially stable enough to take the leap of faith. No matter when the thought pops into your head, you should think about evaluating several different situations that you are currently in before looking to sell your house. Let’s talk about how to know when it is time to sell your home.
1. You Are Emotionally and Mentally Ready
Look, selling your home is not a guaranteed easy process. You may find the home of your dreams but then another buyer outbids a value outside your price range. You may be stuck in escrow for weeks or months. You may think you are ready to relocate to an entirely new city or state but you’re not. However, you may also be excited and committed to finding a new home because you believe you’ve earned it. When you find yourself not second-guessing your decision to move and you are ready for the looming change, then you are ready. We love working with our clients who are on-the-fence but know deep down it is time for something new. Change is hard. The Shaffer Team recognizes this and we are here to help and support you along the way.
2. You’ve Got the Real Estate Market On Your Side
The state of the market will always remain a contributing factor when it comes to making a decision about selling your home. There are so many variables that go into making the market strong. Are home loan prices reasonable? Is buyer confidence high? Is there a good amount of homes being listed? Are homes selling fast? Well, if the answer to all of these questions are “yes”, then you know that the market is strong and that the market is on your side. The Shaffer Team prides themselves in staying on top of the state of the market. One thing we are so proud of when it comes to the St. George real estate market is that home prices in our area not only favoring home sellers but that there has been general home price growth for several years now.
3. Equity and Debt, No Sweat!
One of the biggest financial accomplishments that people experience is paying off their student loans or credit card debt. After debts are paid off and you feel secure in going beyond the idea of “making ends meet”, you are then able to invest and start building a sense of equity. Maybe you have debt but also have a substantial amount of equity. If you have reached this point in your life where you have personally determined you are financially stable, this will likely indicate that you are ready to sell your home.
4. You Can’t Keep Up With Maintenance
There may come a time when you find yourself constantly feeling the desire to renovate outdated appliances, cabinetry, plumping, or general landscaping. At some point, all of your maintenance updates or modernization of your home will outweigh the costs of selling your home and finding a new space that is up to date in all aspects. If you are that someone who is tired of having to keep up with maintenance, then you are, without a doubt, ready to sell your house.
We hope that everyone is staying safe and healthy during this historical time in our lives. The Shaffer Team consists of real estate professionals in Southern Utah, specializing in selling homes. We work with talented photographers, stagers, and lenders to ensure your home buying or selling process is efficient and smooth. We are committed to keeping you informed through the entire sales process and educating you on anything you may not understand. Call us to learn more about the area and to understand how we can help you find your dream home at 435-525-0079.