From time to time, every homeowner mulls over the possibility of selling their current property and finding the next place to call home. Let’s get a better understanding of if it could be time to move on by examining these 5 signs it is the right time to list your house in Murray Taylorsville.
Priorities Have Changed
Over time, every homeowner’s wants and needs change whether they want them to or not.
Perhaps you’re getting married, starting a family, or finding yourself with a lot of empty space now that all of the kids are grown up and moved out. In all of these cases, it’s at least worth it to take a look at your local market and see if there could be another home that better suits your needs. Moving to a home that is tethered to outstanding schools, near a park, has better commuter routes, or ease of access to convenient shopping could all fulfill these needs.
Think about what’s important to you now and what you will need in the future to best determine if a new home could be more worth your invested time and effort.
The Market Is in Your Favor
Search through your local listings, make a list of the final closing prices of recently sold homes, and ask yourself if it could be financially beneficial to list your house at this time.
Every real estate market has ups and downs, and you could be sitting on a temporary gold mine without even realizing it. Keep in mind that the number of homes available for sale is going to negatively impact the prices attached to offers until that home inventory dies down a bit.
So, either be prepared to wait until inventory has diminished or saddle up to make your home stand out compared to the competition.
You’ve Built Substantial Equity
A lot of owners don’t consider their equity as a motivating factor to begin finding a new home in order to cash in on that equity.
Home equity is the difference between the market value of your home and the amount you still owe on it. This means that every single mortgage payment you make is slowly building that equity over time.
If you can sell your home and come out way ahead due to your equity, you could then turn that money into a perfect investment in a new property that serves you better.
Interest Rates Are Low
We are currently living in a time of historically low real estate interest rates, and you should look into if those rates could help you out here and now.
Lots of owners are refinancing homes that they plan to stay in for years to come, but those same low-interest rates could allow you to purchase a new home while simultaneously lowering your monthly mortgage payments.
If they don’t lower your total payment, there’s at least a chance they would allow you to put more money toward the principal of your mortgage every month, which is still a more favorable situation for you.
You Found Your Dream Home
There is something to be said for finally having a chance to purchase the home that you feel would be absolutely perfect for you.
If the opportunity arises for you to make a serious bid for the home you’ve had your eyes on or dreamt of for years, don’t be afraid to explore the possibility and list your house.
The combination of a red-hot real estate market and low-interest rates could be the exact perfect storm that helps you achieve your personal home-owning goals.
Professional Help to List Your House in Murray Taylorsville
If you’re looking to list your house in Murray Taylorsville in the near future, contact us today at (801) 755-3865!