Selling your home is a big decision, and we can help you understand market conditions and other factors you should consider. Here are some questions to ask to help you figure out if selling your home makes sense for you right now.
Is it a seller’s market? If homes in your area are selling for high prices, this likely means you’re in a sellers' market. This is good news for sellers in Southwest Florida is that we are in a sellers' market and have been for the last couple of years. This means that if you bought your house more than two years ago, you most likely have some equity, which means you stand to make a nice profit. Curious how much your house is worth today? Consult with a Realtor to get what's known as a Comparative Market Analysis (CMA).
Does your home no longer fit your life?
Are you expecting new family members such as a baby, or are your college kids moving out, or might an aging parent move in? Life changes like these may make your current living quarters feel too small, or large, or just no longer suit your needs. Career changes such as a new job that’s farther away might also mean it makes sense to move, or if you now work mostly from home, this could free you up to live just about anywhere. Make sure to consider your personal circumstances as well as market conditions when deciding whether the time is right for you to sell. And if you decide to sell, consider the same circumstances when deciding where to move.
Can you afford your home, and maintain it?
If a job loss or divorce has made your current mortgage payments unmanageable (maybe you're even well behind on your payments), it may be smart to cut your losses and downsize to a home within your means. People close to retirement may also want to sell so they can move to an area with better weather or a more relaxed pace, or into a home with fewer maintenance hassles like a huge yard or swimming pool. The good news in the current SWFL sellers' market is that if you get behind on your mortgage payments, you can almost always avoid foreclosure by selling your house, because the equity you've built up will likely more than cover what you owe to your mortgagor.
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