Maybe you’ve been on the fence about selling your house. You are wondering if it’s the right time. We have put together a few questions to ask yourself to help you determine if it’s the right time to sell your Austin home!
What is the property doing for you?
Your house should be used for one of the following:
- As a primary residence in a place that meets all of you and your family’s needs.
- As a rental to high-quality tenants, providing a consistent income with low overhead costs.
- As a recreational place, maybe for vacations or a weekend home.
If it’s vacant or costing you in repairs or tenant turnover, it may be time to consider selling your house!
Is there another property that would better meet your needs financially?
This is called “Opportunity Cost” in the investing world. Take a look at what’s out there to see what you’re potentially missing out on. Is there a better property to invest in than the one you own now?
Do you have “too much house?”
People tend to purchase homes for what they currently need. A house full of kids might require a 5 bedroom home, but you may not need as much space down the road. Maintaining a home that is too large can be stressful! If your house is too high-maintenance, you don’t have to continue living in it.
Or do you feel cramped?
On the other hand, sometimes people outgrow their space. Families often need more space as they grow and acquire more belongings. Imagine what having more space could mean for you and your family!
Is this really the house you want to be in forever?
The beauty of real estate is that you can move at any time you want. You do not have to live in the same home forever. Consider your future, a few years down the road. Can you imagine yourself in the same place, or are you somewhere different?
Does the house need repairs?
Maybe the house is old and needs repairs that you simply don’t want to make. Repairing a house that you don’t really want can not only be expensive, but stressful and burdensome too. You can choose to work with a reputable direct buyer such as Texas Direct Home Buyers, who will buy your Austin house as-is. We will take care of everything, including the repairs needed.
Do you have equity in the home?
If you are able to sell your house, pay off your mortgage, and have some left over to put down on a new house, selling may be the right option for you! If you are able to get at least 20% down for your new home, even better! If you would like information about the current value of your home, call us for a CMA (comparative market analysis) on your property! (512) 345-9090
What is owning your Austin house costing you?
How much are you spending monthly to own the house? The costs of owning a home go far beyond a mortgage payment. Consider other ways you are spending money on the house such as taxes, insurance, and maintenance.
If you have considered selling, it likely means that it’s time! One size doesn’t fit all, so consider your options and decide what will work best for you and your situation. Our team is here for you and ready to answer any questions you may have!
Interested in selling your house in Austin? We can help! Send us a message or give us a call today! (512) 345-9090