Maybe you’ve been on the fence about selling your house. Perhaps, wondering if it’s the right time. Well, don’t stress.
Answer These Questions To Know When You Should Sell.
We’ve put together a few questions that you can ask yourself to help you figure out whether it’s the right time to sell your Miami home!
What is the property doing for you?
Your house should be doing at least one of the following things:
- The home is your primary residence. It meets all of your needs and your family’s needs as well.
- It is a property that you rent out to high-quality tenants (NO rent dodgers). It provides consistent, stable income with low overhead costs.
- You use the property for recreational purposes. Perhaps a vacation home your visit on the weekends to get away from the kids, or somewhere you let your parents stay when they come to visit.
If your home is a rental without tenants or costing you in any way, it might be time to consider selling it!
Would a different property meet your financial needs better?
In the world of investing, they call this “Opportunity Cost.”
For instance, are you potentially missing on a better investment property because your money is tied up elsewhere?
Take a look at what’s out there. You never know you might find a more secure option to invest your money in.
Do you have “too much house?”
People buy homes for what they need at that present moment.
This typically means that a few years later, the property just isn’t suitable anymore.
After your kids have moved out, chances are you no longer need a five-bed property. Keeping up with a home that is too large can be stressful! You don’t need to put up with a high maintenance home if you don’t want to.
Do you feel cramped?
On the flip side, people often grow out of there space. As families grow and acquire more things, they soon find out that they require more space.
How wouldhaving an extra bedroom, bigger kitchen or conservatory on the back help improve your living arangements?
Is this really the house you want to be in forever?
There is no rule that states you need to stay in the same home forever. Sometimes families get stuck in the homes because the emotional attatchment is too strong. But, the beauty of real estate is that honestly (if you’ve got the funds) you can move at any time you want.
Think about your future, a few years down the road. Can you picture yourself in the same place, or do you see yourself somewhere different?
Does the house need repairs?
Maybe the house is out-dated and could do with a few upgrades that you just don’t have the time to make. Maintaining and fixing up a home you no longer have a passion for is not only expensive but also stressful.
Instead, you could choose to work with a reputable Direct Buyer such as us, at Sunshine State Buyers, who will buy your Miami house in AS-IS condition. We will take care of everything, including the property’s repairs.
Do you have equity in the home?
Could you sell your home, cover the mortgage and still have money left over? Yes? Then, we recommend you sell.
If you can get at least 20% down on a new home, even better! If you would like to know more about the current value of your home, call us for a CMA (comparative market analysis) on your property! (305) 916-3328
What is owning your Miami house costing you?
How much are you spending each and every month to own the house? The costs of homeownership can go well beyond a mortgage payment.
Properties consume cash. Think about how much you’re really spending on your home in taxes, insurance, utilities, and maintenance. Is your home as energy-efficient as it could be? Are your bills sky-high? If so it might be time to sell and find a property that doesn’t cost an arm and a leg to own.
If you’ve been thinking about selling, chances are you’ve realized something that you’re not happy with! There isn’t a one-size-fits-all solution! But, consider your options and try to make the decision that works best for you! Our team is ready to help answer any questions you may have!