How to Decide if Selling Your Home is The Right Move
The market is ripe for selling a house. The National Association of Realtors’ research shows that home prices are up and the average time for a property on the market is less than a month. However, each person is different. Jumping into selling real estate takes weighing personal circumstances.
Out of Debt
Many people learn after their first real estate purchase what they did right and wrong. Striving to be a money-smart buyer and investor takes experience and research. But, it also requires a close look at personal finances.
Non-mortgage debt and a solid savings account are the first steps of financial healthiness. If selling a home betters your long-term situation more, debt free is the way to go.
Growing families often realize an extra bedroom or two are in the best interest. Or, an empty nest provides the ability to downsize. Life changes reflect real estate needs.
In the current real estate market, there is freedom in selling a larger home, purchasing a cozy, smaller house, using cash to make the investment, and the rest going into a retirement fund.
Understanding the Real Estate Market
Predicting the real estate market is impossible, even for experts. However, with a little know-how, the best time to buy and sell does present itself in small windows.
Watching growth in the market and the median price increases is a hint into when the right time is. Keeping up to date with the National Association of Realtors research is the extra hand you need in knowing the best time frames.
The decision to sell a home is personal. Examining all aspects of life and making a choice is not always easy. But, a healthy real estate market will lead to future financial security.