One of the most challenging and rewarding adventures in life is the purchase of a new home.
A home brings excitement for new experiences and memories not to mention it’s a momentous occasion for first-time buyers. It can symbolize the achievement of a major life goal for many people and it’s success can be very rewarding.
However, what if you are already a homeowner and you are looking to sell? It can be a huge headache with all of the paperwork, legalities, stipulations - basically the entire process can be an arduous task! How do you know if you are even ready to sell? There are so many factors that play into this decision. You need to have all of the information available in order to really determine if you are ready. Below are a few questions you can ask yourself before you decide:
●Have you recently received a raise at your job? Have you significantly paid off any outstanding debt? Is your partner now making more money? All of these situations means that you could potentially be ready to upgrade your living situation into a new house. Selling your home is ultimately about getting the most money that you can get and finding a new place that stays within your determined budget.
●As we get older, we grow as people and tend to change our preferences. What we liked when we were younger may not be the same things we like as we age. The neighborhood you chose to live in may not be the same place that you would like to stay long-term. Or, maybe the are you currently live in has changed itself and you aren’t a fan of the changes. These are all reasons why moving to a new location may be ideal for you.
●Sometimes when people need a change or find themselves desiring or needing extra space, adding on and remodeling a home can be an option. Knocking out walls and extending rooms isn’t a cheap process though, and if those few changes aren’t going to completely satisfy you then moving may be a better solution. Not to mention, you may not live on enough land to allow for those types of changes to your home.
Selling your home is one of the largest financial decision you will probably ever have to make in your life so it’s very important that you do it the right way. I know that it can be overwhelming so I’m here to help facilitate and simplify the process. The full list of questions that I briefly went over above can be found in my new book “Before You Sell Your Home” . It is your step-by-step guide to help you stay sane, save money and stay legal during the process.
Did any of these questions spark additional ideas in your newfound adventure to sell your home? Feel free to comment below and let’s talk!