There comes a time in everyone’s life, where the home you bought with your first salaried job, or the vacation home passed down to you over the years, no longer works for you. Maybe your family is growing, or a new work opportunity on a new coast, either way, you face the decision of selling your home. And it’s a hard one to make – where do you start?
Before you look in appraisals or posting your house on local realtor websites, you need to consider three main points:
- Will selling your home simplify your life, or complicate it?
Will selling your home clear your conscious? Deal with a heavy family responsibility? Help you start a new part of your life? Sometimes, when it comes to selling your home, it can offer you a decent sum of money, but leads you to more difficult situations, such as where you can live that meets all of your family’s needs, adjusting to a new locale and the amenities offered near it, will you be able to afford your new home, even as you near retirement? These are the questions you need to consider.
- Will your home offer sizable profits?
One of the greatest & worst things about the South Florida real estate market is its’ persistently shifting behavior. This means you could make a profit if you sell your home right now, or if you had waited a year or two, you could’ve made double, hypothetically. The best way to really know the value of your home comes down to home appraisal, by an experienced professional. Choice Mortgage Bank, Inc. can connect you with licensed appraisers who’ll not only give you your home’s true market value but what you can expect in the immediate future, in regard to selling prospects and future home value. For more information, check out our in How Much is Your Home Really Worth?
- If money is the issue, will selling your home reduce savings?
For many Floridians, they’ve been paying the same, low mortgage rate they got offered when they originally purchased their homes. By selling your home and moving into an apartment or another home, you have to consider whether you’re spending more money in the long-run. And if you are, consider whether the move is worth it. No matter what your decision is, make sure you have confidence in what you want and what you’ll be spending on, the next few years.
Now knowing what you do, I hope you take into consideration not only those three tips but the resources around you, that can help make the final decision. Choice Mortgage Bank, Inc. has helped hundreds of clients go through their home-buying to home-selling process, and I’d love to help you too. I want you to make the decision that’s right for you, and no one else. If you want an experienced, genuine, dedicated team by your side, every step of the way, you can check out our website to make your first appointment and take your first step today.