Maybe you’ve been on the fence about selling your house. The real estate market fluctuates so much, how can one know when is the right time to sell your house in Atlanta. We have put together a few questions to ask yourself to help you determine if it’s the right time to sell your Atlanta home! Or, if it’s better to wait.
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 and your happy with it.
- It is a house you rent to high-quality tenants. It provides a consistent income with low overhead costs and most importantly has long term tenants. If your rental is having a high tenant turn around you may be loosing too much in having it vacant too often.
- You use the property for recreation. Maybe is a place for vacations or a weekend home and your still using it. Sometimes people buy a vacation home wit intentions on spending quality down time in it, but it ends up being vacant majority of the time.
If your home is vacant or costing you in repairs or tenant turnover, it might be time to consider selling it!
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. Has your family shrunk from four kids running around to three in collage and one married with a family of their own. It may be time to downsize and invest the equity into your retirement fund.
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! Is the cramped living quarters making you uncomfortable and stressed, then it may be beneficial and the right time to sell your starter home and invest into a more suitable house for you and 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? Maybe owning a house too stationary for you and you feel trapped being in the same place too long. You may consider selling your house and invest your money into another venture.
Does the house need repairs?
Maybe the house is old and is in need of repairs you simply don’t want to make. With time houses will need major repairs like roof, HVAC, energy efficient windows and cosmetic upgrades. 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 Atlanta Sell Your House, who will buy your Atlanta house as-is. We will take care of everything, including the property’s repairs.
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 your downsizing from a large home and have a lot of equity in it then it may be the right time to sell your house and invest your money into a business or another option. 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! (404) 649-0446
What is owning your Atlanta 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.
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!