Selling your home can be easy, difficult, and sometimes necessary. Maybe you live in a neighborhood that you hate, or maybe you dont have the money to make your mortgage payments, maybe you’re being furloughed or changing careers. Maybe you’re going through a divorce where assets need to be split. Anything could be a good reason for wanting to sell.
Read the following nine scenarios and determine if you should consider selling your home.
A Growing Family, or the Opposite
Are you adding a member to the family? Is your child moving out and starting their life? Maybe it’s time to consider a new home. Many homeowners use the profits from the property to expand their family in a new home or purchase a smaller home to enjoy the extra money. Downsizing is a great idea for empty nesters, and upgrading is recommended for growing families. In addition, downsizing can help you with your retirement or your child’s expensive college tuition.
Location, Location, Location
Location is important to families and couples looking to buy a new home. Think about how much traffic you experience in your current home. Is it a lot? Is it not? Maybe your area is notorious for never-ending construction work. These are all frustrating situations, and I haven’t mentioned having terrible neighbors. If any of these scenarios apply to you, consider selling your home. Spend some time researching communities in your area, and hop in the car and explore each with the family. Check out the local school district, test commutes to and from work, and stay close to highway access (if you’d like) before buying your next home.
Career Moves… Literally
A job opportunity can require you to sell your home. Below are some reasons why you’d consider selling your home fast due to a career move:
Job change or career changes
Relocating to a new office
Cut wages and/or hours affecting your mortgage budget
Job loss and expenses need to be cut
Retirement is on the Horizon
The benefits of selling your home as you near or retire are a large wad of cash for your retirement account or 401(k) or to grow in savings. Some decide to start businesses with the profits they receive. In addition, not having the responsibility of a home frees up your time to travel. Why? You won’t have to worry or spend money and time making repairs to your home, reducing physical stress. A small condo, for example, might not require mowing the lawn, or a first-floor apartment would eliminate the need for going up and down the stairs.
Maintenance & Repairs Take Time
You could want to sell your home if it needs a lot of maintenance and repairs. Some people inherit a home from a loved one who passed or rent a home to tenants who destroyed the home. Keeping up with maintenance takes a lot of workforce and money. As we all know, money is tight during these times. Selling a home that would cost more than it’s worth to repair is your best option. Consider wholesale real estate with Joe Homebuyer Atlanta. They purchase homes as-is and can close without any hidden fees or repairs made to the home. The process can be done in as little as a week. Again, this could be due to aging, a physical limitation, or disability, or maybe you’re just traveling or working too much to keep up. Whatever the reason, selling the property and moving to a less-demanding home might be a good option.
Cash Rules Everything Around Me
The biggest pro of owning a home is positive equity. Equity is a safety net you can use if and when times get tough for you and your family. For example, if you’ve lost your job, have outstanding medical bills, or have unexpected expenses. Selling your home can help pull you out of difficult times.
The Neighborhood Sucks
Neighborhoods change with the times. Old neighbors retire and sell their homes to move closer to family or live their golden years, businesses open up down the street that may draw in a crowd you are uncomfortable with, or the entire community has shifted over the years. Some move, because crime rates have increased higher than homeowners are used to, or maybe you were the unlucky one and now have a nosy, annoying, and loud neighbor that never seems to leave you alone. The bottom line: If you’re no longer happy with your neighborhood, it may be time to sell.
New & Improved, Upgrade Your Property
Maybe you purchased your home over 15 years ago, and it’s now outdated, old-fashioned, or needing remodeling. Now you’re picturing a modern design—open floor plan, large windows, double doors, walk-in closets, etc. Many boomers, for example, sold their old homes and used the profits to begin construction on a new property. This allows you to design your home just how you’d like it. Individualistic and customizable to your lifestyle.
The Market is Hot
Finally, it would be best if you thought about selling in a hot market (which is now). There are currently more buyers than demand can fill. Your home will receive multiple bids in this market if the house is in great shape. Call a local real estate agent to ask them what your home is currently valued at. Because there are no homes to fill the need, prices are high! Use this opportunity to increase your investment return and pull in profits. Increase your retirement savings or buy a larger property. You win every time.
The Bottom Line
If your home is not in great condition or has trouble selling on the hot market due to the number of repairs needed, consider selling to Joe Homebuyer Atlanta. They’ll give you an as-is negotiable quote, an extra $1000 cash according to their current specials, and there are no hidden fees, repairs, or maintenance to be done. The process is easy and helps families who are going through a divorce or need fast cash to relocate.
Joe Homebuyer Atlanta specializes in purchasing homes from families and individuals experiencing divorce, terrible tenants, or foreclosure. Sell your Atlanta home quickly with our fast cash program.
