Maybe you’ve been on the fence about selling your house. You are wondering if it’s the right time. Or maybe your overthinking it and afraid to choose the wrong time to sell and loose out on a larger profit. We have put together a few questions to ask yourself to help you determine if it’s the right time to sell your Greenville home!
What is the property doing for you?
Your house should be doing one of these things:
- The home is your primary residence, somewhere that meets all of you and your family’s needs.
- It is a house you rent to high-quality tenants. It provides a consistent income with low overhead costs.
- You use the property for recreation. Maybe is a place for vacations or a weekend home.
If your home is vacant or costing you in repairs or tenant turnover, it might be time to consider selling it! Leaving a house vacant for too long will attract the wrong type of attention and you may find yourself a victim of vandalism.
Is there another property that would better meet your needs financially?
In the world of investing, they call this “Opportunity Cost.” What property are you potentially missing out on because your money is tied up in a different one? Take a look at what’s out there. Is there a better place you could be investing your money?
Do you have “too much house?”
People buy their homes for what they need at the present moment. If you have a house full of kids, you might require a 5 bedroom home. However, down the road, you might not need so much space. Keeping up with a home that is too large can be stressful! You don’t need to live in a house that it too high-maintenance. If the house is too large and the upkeep is too much, you may start to fall behind on maintaining the house. If you start falling behind on upkeep and maintenance on the house eventually it may become too much of a burden on you.
Or do you feel cramped?
On the flip side, people often grow out of there space. As families grow and acquire more things, they often require more space. Imagine what having a little extra space could mean for you and your family! This may be a good time to sell your starter home and invest the equity into a larger and more comfortable house for your growing family.
Is this really the house you want to be in forever?
There is no rule that states you need to stay in the same home forever. The beauty of real estate is that you can move at any time you want. Think about your future, a few years down the road. Can you picture yourself in the same place, or do you see yourself somewhere different? An important motivator for people buying their homes in a certain area is to be closer to work to reduce commute time. But, if your have changed jobs or even retired the location of your house may no longer be important.
Does the house need repairs?
Maybe the house is old and is in need of repairs you simply don’t want to make. Making repairs on a house you don’t really want can not only be expensive, but stressful and burdensome too. You can choose to work with a reputable direct buyer such as Greenville Home Buyers, who will buy your Greenville house as-is. We will take care of everything, including the property’s repairs. It’s a surprisingly hassle free process. If you don’t know how you can sell your house fast for cash check out this short article.
Do you have equity in the home?
If you are able to sell your house, pay off your mortgage, and have some left over to put down on a new house, selling might be right for you! If you are able to get at least 20% down for your new home, even better! If you would like to know more about the current value of your home, call us for a CMA (comparative market analysis) on your property! (864) 991-3275
What is owning your Greenville house costing you?
How much are you spending each and every month to own the house? The costs of home ownership go well beyond a mortgage payment. You will need to consider other ways you are spending money on the house such as taxes, insurance, and maintenance. Is your house old and constantly having expensive repairs being done to your home. It may be the right time to sell, and move on to the next chapter of your life.
If you have been thinking about selling, it likely means that it is the right time! There isn’t one answer that is right for everyone! Consider your options and make the decision that works best for you! Our team is ready to help answer any questions you may have!