How to Know When to Sell Your Home in Summit County
You’ve lived in your Summit County home for a while. Maybe you’ve questioned whether or not you want to sell and move to a different house over the years.
Yet because the real estate market has experienced some turbulence recently, you’ve been hesitant.
But since things are improving, it’s natural to wonder if now is a good time to list your home. And the answer is a resounding yes! Now is a great time.
With the positive signs in Summit County real estate, it makes sense to get into prep mode so you can put your home on the market.
But you should also know that besides market conditions, there are other factors you need to consider. As a realtor, I’m here to help you make housing decisions that are in your best interest. So make sure you don’t overlook the personal side of selling the house you’re in right now.
Think About Your Reasons to Sell
While it makes perfect sense to try and time the sale of your home with market conditions, there is a bigger consideration to keep in mind.
Put the housing market aside for a moment and think about what’s happening in your own life.
Are you at the point where you feel you need to upgrade to a bigger home or downsize to a place that is more manageable for your lifestyle? Do you think your current neighborhood just isn’t suitable for you and your family anymore?
If any of these questions apply to your circumstances, then it could be the right time to sell your home and find accommodations that better meet your way of life.
Make Sure You’re Financially Ready
If you have determined that you want to sell, it’s great to know this is the right move on a personal level. But now let’s think about financial issues. If your goal is to sell your home in order to purchase a different one, your income and other financial assets must be able to support a new mortgage.
So before you start house shopping, you have to be aware of your finances in full detail.
Do you have a steady income? What about a savings? Do you have money in the bank so that you aren’t stretched thin by any expenses that may come up in a new home? What kind of debt do you have?
These are concerns that you must consider because putting your home up for sale will inevitably affect your finances in some way. Whether you sell your current place to upgrade, downsize or even to rent, the financial landscape of your life is going to change.
Set the Right Price for Your Home
Once you’ve chosen to sell and you feel your financials are all in order, that’s where I come in to help. Of course, I can be involved on a number of different levels even before this stage. If you need assistance determining your financial state and a possible price range for your next home, for example, I can be there to guide you.
And while it’s your decision to use one agent to sell your home and another to purchase a new place to live (if that is your plan), please know that I can perform both of these roles for you in the Summit County area.
With that said, it’s time to price your current home so that you get the best outcome possible. I can provide you with information on comparable houses in your neighborhood so that we can set a reasonable price.
The price we pick will be determined by the most recent market conditions, not based on what you paid when you originally purchased the home. We want to make sure the price will attract as much interest from potential buyers as possible and that means looking at the current market value.
Need More Tips?
As you can probably tell, a lot goes into deciding to sell a home in Summit County. It’s a long process, but it is rewarding as well. If you’re looking for more tips on how to prepare for this big step, I’m always available to provide you with further insight.
Feel free to contact me at any time. You can fill out my Information Request Form, send me an email at [email protected] or call my office lines. Whatever method works best for you, please know I’m happy to help you in any way I can.