sell your home

Selling Your Home: When Should You?

Our homes are such a huge part of our lives. We raise our children in them; we have Thanksgiving dinners and Christmas mornings. Most families have very fond memories of events that took place in their homes. When the time comes to sell your home, letting go can be very hard. The emotional aspect of selling your home can easily affect your judgement; and an objective view is something you will definitely need for a decision of this magnitude. You should only sell your home after a great deal of thought and consideration. If you are considering selling your home, here are a few questions you can ask yourself that can help with the decision-making process: “”Why are selling your home?”” List down all the reasons that you are selling your home; there may be more than one. Try to rank them according to how much they contribute to your decision. If your family has recently grown in size, you may be thinking of looking for a home that is more spacious than the one you are currently occupying. Are you thinking of finding a home closer to your workplace? Do you dislike the neighborhood you currently live in? “”Is the local real estate market a seller’s market right now?”” Do a little research about the local real estate market. Is there a greater “”supply”” of real estate than there is a demand? If so, you will have to sell lower than you’d be able to in a seller’s market. If you have the option of waiting for some time, it may be a good idea to take that into consideration. More buyers than sellers gives sellers the upper hand; more sellers than buyers will force sellers to sell low due to the increased competition. “”Should I rent my home out instead?”” Take a look at local listings, to get an idea of how much you would be able to rent out your home for. Renting out your home instead of selling it can be a significant source of income. If you have the financial capability to purchase/lease a new home without selling your old home, the additional income from leasing your old home can help you to eventually own both properties. If you are selling your home because you need a significant amount of liquid cash, however, this may not be an option for you. If you are waiting for a buyer’s market to dissipate into a seller’s market, you may be able to lease your home out in the meantime. Nephi Malit is a passionate writer who loves discussing just about anything. He is most interested in politics, health, law, and religion. If you are looking to sell or purchase a home or real property in California, a real estate agent in Irvine can help you get the best deal possible. Visit samrealtygroup.com for great property deals. Article Source: http://EzineArticles.com/expert/Nephi_Malit/1471241 “

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