5 Key Indicators It's Time to Sell Your House

Dated: July 23 2020

Views: 612

What are the signs that it's time to list your home? Well, the sizzlin' local real estate market is just one of many reasons that selling your property should be on your radar right now.

5 Key Indicators It's Time to Sell Your House

Written by: Steve Farrell, Classic Properties Owner & Broker, July 2020

1. Your Home Doesn't Fit with Your New Lifestyle

Need a home office (or two)? How about a room for a home gym? Need more space for your family to play and relax in? Do you want a pool for extended stay-cations? Today's lifestyle is vastly different from 2019. People are always at home and need to adapt to their new lives.

2. Financially Fit

Determine your equity position. Call your Classic real estate advisor and get an idea of your home's value. Do the math with your mortgage statement. It may surprise you.

3. It is a Sizzling Seller's Market

You've heard the stories: multiple offers, sales above asking price, buyers purchasing homes sight unseen. Guess what? They're all true. Nobody could have imagined a 30-year fixed rate below 3% - until now. Rates haven't been this low since 1972. We are experiencing significant migration from the NYC/PHL/DC metro areas to Northeastern Pennsylvania. It is so prevalent that the industry gurus have given it a name: resuburbanization (think post WWII's flight to the 'burbs – revisited). It is happening. Here. Now. Take advantage of it now because it won't last forever.

4. You're Over-improving for Your Neighborhood

Considering an addition that would make your home the largest on the block? Reconsider. Gutting every room in the house? Let's think about this project a little more.

Do you know that appraisers value most major home improvement jobs at less than ½ the cost? Invest your money wisely.  You could save time, aggravation, and money by finding another home. 

5. You're Emotionally Ready to Sell.

You have Zillow bookmarked, done all your homework, and have discussed it ad nauseum. Ran the numbers, been to Lowe's a dozen times in the last month, and made numerous calls to contractors that never called you back.

Are you finally done with being thisclose to those you live with all day, every day?
Take the first step and call your Classic advisor. In today's world, it's worth checking into.

Blog author image

Steven Farrell

Steven Farrell is the Owner and Broker of Classic Properties. Under his leadership, Farrell has strategically grown the firm from its original two offices and 17 agents to its current size of four st....

Latest Blog Posts

Repairs to make before you list your home

A lot of money goes into buying a new house so it is understandable if a seller feels hesitant investing even more money to fix up their current house prior to selling.However, sellers may not

Read More

What you need to know to qualify for a loan

Before you start searching for your new home, the first step is to speak with a lender and determine your budget. This is being pre-qualified for a loan.Once you find the right home, then your

Read More

Multiple offers? How to choose the right one

Congratulations, you have multiple offers on your home listing.It’s exciting to hear that you have a choice in buyers. Yet how can you make sure that you choose the right offer? With varying

Read More

Tips to may off your mortgage faster

For generations, homeowners would buy a home for life. Working over the years to make the payments and celebrating the end of the 30 year mortgage were great milestones in the family.Today, few home

Read More