The right time to sell your home – 4 telltale signs that can help

The right time to sell your home – 4 telltale signs that can help

https://www.rockethomes.com/blog/home-selling/signs-its-a-good-time-to-sell-your-home

Once you’re ready to buy a new home, you may have to ensure you can sell your existing one for a great price. This way, you’ll be financially secure and ready to move into your new abode. To decide if it’s the right time to sell your home, you should look for the fowling telltale signs.

  1. Your house doesn’t need extensive repairs or remodeling

If your home doesn’t have severe flaws like a cracked foundation or leaky roof, it won’t need major repairs or remodeling. So, there’s no need to invest in having a lavish bathroom sink or perform major overhauls. Just consult your real estate agent to ensure there aren’t any repairs and/or renovations that would considerably increase your home’s value. If there aren’t, your home is ready to be put up on the market.

  1. You’ve got positive equity

Equity refers to the difference between your home’s worth and what loan or mortgage you have on it. Say, your home is worth $200,000 and you just owe $70,000 for paying off your mortgage. This means you’ve got $130,000 in positive equity. The right time to sell your home is when you’ve adequate equity to cover closing costs and even have some money left for the down payment of your next home. You should have, at the least, enough to cover your mortgage’s existing balance to avoid out-of-pocket costs. So, even if you’ve a tiny amount of positive equity, you’re ready to move into a new home.

  1. The market is strong

Is the average number of days for which homes in your area are sitting on the market decreasing? Do you notice an upward trend in the price per square feet of homes in the area? If the answers are a resounding “yes”, you’re in a strong market. This means selling now would help you get prices that would be comparable to what similar homes in the area are selling for. So, it’s the ideal time to list your home on the market.

 

  1. Ensure a comfortable move to your new home

Selling your present home and buying a new one at the same time could be challenging. If you buy before you could sell, you may need to shoulder the burden of two mortgages for some time. If you sell prior to buying a new home, you would need a place to stay in while you look for a new home. Since both these cases are tricky, it’s best to consult with a skilled real estate agent to find out what suits you the best. The key is to find a strategy that doesn’t endanger your financial future or leave you without a roof over your head. In case you’ve got the necessary resources to make the transition to your next home a smooth one, it’s the right time to sell.

How a real estate agent can help

An experienced real estate agent will ensure your financial future is safeguarded and your interests are taken care of while deciding the right time to sell. Additionally, he/she will help you get the best price for your property. If you want to consult a top-rated seller’s agent in New Jersey, reach out to Cash Buyer New Jersey at (201)-472-3554.

 

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Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
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Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
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Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
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Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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