If you’ve ever wondered what a seller’s market looks like, take a look at the real estate market right now. In Tacoma, more than 57% of homes on the market sold above the asking price (and very quickly) in the last month. Those kinds of statistics make you wonder if it’s time to sell your Tacoma home or not.
Just because the market is hot, doesn’t mean it’s the right time for your specific situation. Selling a home is a big decision that shouldn’t be taken lightly.
We’ve put together a guide to help you decide if it’s the right time to sell your home or if you should wait a little longer!
1. Doesn’t Fit Your Needs
It’s a fact of life that as time passes, the needs of families evolve. It’s also a fact of life that (without extra effort on your part) a home doesn’t do the same changing over time. And sometimes families outgrow their homes.
When a home isn’t meeting your needs, it’s hard to feel comfortable and relax. It often feels like you are constantly solving problems, feeling cramped, and tensions can begin to run high. If this is the case, it’s time to start looking for a home that better suits your needs.
This isn’t exclusively about the size of the home either. The location, style, and amenities can also be reasons to want a change as well.
2. Too Many Repairs Needed
Sometimes home renovation can get away from us and there are just too many major repairs that need to be done to a home. This can affect a home’s livability and how comfortable you feel there.
Luckily, it’s easy to sell my house as is to the right company. They look for the challenge and the opportunity to flip a home for a profit of their own. It might not be the most lucrative deal but you’ll get out of all of the stress and extra work involved.
3. Makes Financial Sense
The biggest real estate mistake anyone can make is to jump into selling their home when it won’t make financial sense for their situation. Just because you can sell your home doesn’t mean you should.
Most experts recommend staying in a home for at least five years to get a good return on your investment to put towards your next home.
If the current home meets your needs and is affordable, take an extra look at what the possible benefits and downsides could be of selling to make an informed decision.
Sell Your Tacoma Home Now!
Any change in homeownership is a major undertaking. It’s a process that can be stressful and affect many other areas of your life as well. But once you’ve made the decision to sell your home, you need the right help.
Finding a helpful realtor can make all of the difference when selling your Tacoma home. Let them handle all of the details and free you up to locating your new residence!
If you’re interested in learning more about real estate, check out our other articles today!