Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Is It the Right Time to Sell Your Home?

As you look ahead to the New Year, you may be asking yourself if 2017 is a good time to sell your home. Here are a few questions to consider that can help you make the decision to put your home on the Market. Have Your Needs Changed?Take some time to examine your feelings about your current home. Have you outgrown the space? Is your home too big? Howrsquo;s the commute to your job? What about your neighborhood school district? If your current home doesnrsquo;t fit the needs of your family, itrsquo;s the first indication that it may be time to sell. How Much Equity is in Your Home?As you make monthly mortgage payments, you build up equity in your home. Not sure how much equity has accrued on your home? You can estimate your equity by comparing the amount of your mortgage to your homersquo;s value. Ask your REALTORreg; or lender for help determining equity. Usually, the less you owe on your home and the more your home value has increased, the better shape yoursquo;re in to sell. Howrsquo;s the Market?The market situation in your area is a big factor in Selling your home. Overall, Austin has been in a sellerrsquo;s market during the past few years with a strong demand for homes. However, the market can also vary neighborhood to neighborhood with homes selling faster in some compared to others. Your REALTORreg; can help you understand the selling market in your neighborhood. If therersquo;s a high demand for homes in your area and theyrsquo;re selling fast, it could be a good time to add your home to the market. Are You Ready to Buy?If you think yoursquo;re ready to sell, you must also be prepared to buy a new home. Examine your finances and talk to a lender about how selling your home will influence a new mortgage on a new home. You should also consider whether you should sell first, then buy a new home, or buy a new home first before selling. There are pros and cons to each situation, so be sure to ask your REALTORreg; for advice. Whether yoursquo;re ready to sell or just considering it, our expert agents are ready to answer your questions. Check out our Austin Sellerrsquo;s Guide for more details about the home selling process, or give us a call for more information about Austin real estate.



This post first appeared on Austin Real Estate News, please read the originial post: here

Share the post

Is It the Right Time to Sell Your Home?

×

Subscribe to Austin Real Estate News

Get updates delivered right to your inbox!

Thank you for your subscription

×