December 18, 2021
When You Know Its The Right Time To Sell Your House – Buffalo Edition
Making the decision to sell your home is not something you should do lightly. After all, whether you’ve lived there a year, a decade, or multiple decades, you’ve got a lot of time, money, and memories invested in it. It’s always best to weigh the pros and cons before you decide, but there are certain points in time when it becomes pretty obvious that it’s best to sell and move on. Here are seven of the most common reasons:
Your Family is Growing
Sometimes, you simply outgrow your house. Perhaps you’ve decided to have more children, or maybe you’re getting married. Maybe your adult children are coming back home, or your older parents are moving in with you. Whatever the reason, more people means you definitely need more space.
You’re Ready to Downsize
On the other hand, maybe you’ve decided you need less space. Perhaps your kids have moved out and are living their own lives now. Maybe you have more house than you need, and you’re tired of paying the energy bill to heat and cool rooms you don’t use. Maybe you just want to simplify your life a little bit. Opting for less space is also a great reason to sell.
Your Lifestyle has Changed
Life can change in an instant. A spouse dies. You get divorced. You find yourself suddenly living alone. A parent or other relative leaves you a home you don’t need as part of your inheritance. Your parents are older and would do better if you lived close by to help them out. Your kids are getting older, and you want to move to a Buffalo neighborhood with better schools. You’re suddenly working from home, and you don’t have a quiet space that you can use as a dedicated office. When your lifestyle changes, your housing needs often change too.
Your Home Has More Repairs Than You Can Handle
Repairs are a normal part of homeownership, but some houses are a bit more high-maintenance than others. If you find yourself having to fix something every time you turn around, and you’re not the type of person who has the patience — or the time and money — for a fixer-upper, it may be time to sell and look for something a little more manageable. Many people assume that their house has to be in perfect shape before they sell, but you can actually sell your home in any condition.
Your House Payment Has Become a Burden
Sometimes, selling your house comes down to the money. A general rule to follow is that your mortgage shouldn’t be more than 28 to 30% of your income. Maybe you didn’t follow that going into purchasing your home. Maybe you have a new job or you had a two-person income, but now only you or your spouse is working. Either way, it’s never a good idea to stay in a home you can’t afford. It will just make you miserable.
You’re Emotionally Prepared
Most people will tell you that selling a house isn’t all about the money. You’ve been building memories there with your family and friends or even on your own. A lot has happened since you moved into that place, no matter how long you’ve lived there. Even when you inherit a house from your parents, you may find that it takes some time to become emotionally prepared. And when you do decide to sell, it’s best to work with a company that understands that this is about more than just money.
The Market is Appealing
Sometimes, you’re just ready to move on and waiting for the Buffalo real estate market to become a sellers’ market. That means there are more buyers looking for homes than there are homes available. Your home’s value most likely goes up during this time, and you’ll find there’s more competition, so you may get a better price than you would otherwise.
Leave A Comment