Time To Sell? Signs To Know You're Ready

Are you considering selling your house but unsure whether the time is right? Assessing a few key factors can help you decide if you're ready for a move.

You have the wrong amount of space. Whether you're running out of room for your growing family or you're an empty nester and the house feels too big, one sure way to know it's time to move is when your home no longer fits your lifestyle.

You've built up equity. When selling your house and purchasing a new one, it's wise to have enough equity to cover at least a 20% down payment on your new home to avoid paying private mortgage insurance (PMI). Make sure you also have enough to cover closing costs and moving expenses.

The market is in your favor. The timing of your house sale can significantly impact the offers you receive. Take advantage of high home values and strong demand to maximize your sale price.

Your house is ready to list. Properties in good condition and not needing any extensive repairs are more attractive to buyers. If minor touchups and fixes are required, be sure to address those before putting your house on the market.

You've found the right real estate agent to help you. Once you decide it's time to sell, a real estate professional will guide you through the process, helping you move on to the next exciting chapter of your life.