Do you really need to sell your home? Do you love your neighborhood and just need more space? Maybe you can remodel and stay. Or if the market is slow and houses aren’t selling in your neighborhood, you may be better off waiting or renting your home out. If your financial situation will not allow you to hold on any longer or you have to move for a job and relocate. Whatever your reason, before you even put up the “For Sale” sign, do the numbers to see if it makes financial sense to sell your home. This is the first step that will help you figure out whether you should sell or stay.
Most sellers typically don’t have to move. Most sellers typically become unsatisfied with their homes, neighborhoods or careers and sell based on desire rather than actual need. Decide if your desire is worth the time, money and energy of selling, moving and buying again.
As a guideline, expect to spend 15 percent or more of your home’s value in this process. And depending on how much money you still owe on the mortgage, expect a large chunk of your equity — the amount of money you’ve actually invested in the home — to be eaten up. Before you take any action, take stock of your situation.
Find out what your home is worth? Look at the big picture and figure out why you want to sell. Consider your options. Ask an expert give us a call Thachn@johnlscott.com
Posted via Seattle Real Estate-Seattle Homes For Sale