How to know when it's the right time to sell your house

Dated: March 26 2021

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There are several reasons to sell your home. A few may be related to a change in your finances. Sometimes, it’s just because of normal life circumstances — a new job, new family members, kids moving out, etc. If you are just weighing the decision to sell, there are several things to consider. Here’s how you’ll know it may be time to sell your house:

When the local real estate market shows signs of heating up

Keep tabs on local Arizona real estate trends if you want to make the most profit from your property. Start digging into the median price per square foot of real estate in your community. Check online listings in your neighborhood and compare your home with the houses on sale. Find out how much your neighbor’s property got sold for and how long it was on the market.

Obviously, the best way to get reliable information is through the guidance of a real estate agent in Arizona. As a prospective seller, it’s never too early to prepare and you will want to have a dependable contact on your side. This way, you’ll get immediate updates when it’s a seller’s market.

When it comes with definite financial advantages

Let’s say you’ve come to a point where you’ve built positive equity or you have enough savings to invest in a bigger property. You can certainly take advantage of the situation and put your property up for sale. It would be more ideal if a financial advisor informs you that you have the means to do so.

Take the pandemic into consideration, too, since it has affected housing prices in some areas. Have you been wanting to move to a certain location? Check if a property has suddenly become available and affordable. After due diligence, that opportunity could be another reason to set things in motion.

On the flip side, your current housing costs may have become too unmanageable. Some homes may be too high-maintenance as well. In these cases, it’s certainly a good idea to sell your home in favor of a more manageable property. Make sure you have a property to buy (or rent) lined up already before proceeding with the sale. Also, allot a budget for moving costs.

When your job or family calls for a move

On certain occasions, you really have no choice but to move. When you’re considering a new job in a different location, make sure you factor in moving costs. Likewise, see if the real estate options in the area are aligned with your needs.

Another situation where moving would be ideal is when your family has grown. For instance, your starter home may have just a couple of bedrooms. When you have two or more kids, you might want to move to a bigger house. Or, you could also consider downsizing after divorce or after kids have flown the coop.

Take your time if you’re considering selling your property. Weigh the pros and cons, and make sure you can afford the costs. If you’ve finalized your decision, trust in the Realtors of Aeris House Properties to help you in the process. With years of experience in the Phoenix Metro Area, our team has the knowledge and skills to meet all your real estate needs. Contact us today at 602.466.9771 or email info@aerishouse.com.

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