You’ve been thinking about it, and now might be the time to move. According to the National Association of REALTORS®, total existing-home sales increased 6.1 percent in March—the highest annual rate since September 2013—however, the housing supply has only experienced a modest increase, just 2 percent above a year ago. Long to short—it’s a seller’s market.
Here are signs that now might be the time to finally put your home on the market.
- You just want a different floor plan. Are you tired of climbing up and down those steps to get to the master bedroom or your office. Have the children moved on, and now you have empty bedrooms that aren’t useful for anything but storage? You may not need a bigger home, just one that works better for your lifestyle. Maybe you work from home and a main floor office would be useful.
- Homes are selling fast in your neighborhood – While home sales and values are improving at a healthy yet gradual rate on a national level, you may find yourself smack-dab in the middle of a hot market. Get a free market report from Tennhouses.com to find out what homes in your area are doing. You will find out on a monthly basis important facts like the true selling price, days on market, and the number of homes listed that would be your competition. You should talk to a realtor the see what’s happening this week (my number is 615-512-7853), because the market changes quickly. Now might be the best time in years for you to move to a floor plan that works better for you.
- You’re tired of working on you home and yard every weekend. Making time to do yard work and to maintain an older house is great if you have the time and you enjoy doing it. Most new neighborhoods have smaller lots and low maintenance homes, giving you back your weekends for thing that you enjoy doing.
- You have equity now – Let’s face it, when home prices were down, the thought of selling your home at a loss didn’t seem like a smart thing to do, now you probably have a lot more equity in you home, it changes everything.
- You’ve retired – I have a lot of clients lately who have retired and want to move closer to their children and grandchildren. It makes all the sense in the world for those who want to spend more time with their family, and the cost to do so is minimal, because you can incorporate all these other reason into this one, and go with it. Find a floor plan that suites your lifestyle in a new neighborhood with low maintenance homes, in an area close to your grown children. and sell your home for a profit because your home is in a hot market
