If you have been thinking about selling your home, chances are you already know that the market is tough. You may be concerned because of all the problems associated with selling a house in this environment.
But before you give up hope and decide to wait until “things get better,” please read on to learn more about 5 problems that signal it’s time to sell your home!
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Number #1: The first one is the most obvious. It’s selling your house for less than you originally paid.
You may have bought your home in 2007 or 2008 before prices plummeted and are now ready to get out of it because “there is no equity left.” If this is the case with you, then I agree that it might be time to sell.
Number #2: Another sign that tells me it’s time to move on from my current home is constantly being reminded about everything that needs repair.
For example, when constant leaks are coming through ceilings during rainstorms, major foundation cracks, holes in the drywall where repairs were never made after a break-in years ago – these can be signs of bigger problems down the road if not addressed immediately.
At great cost, of course! So if you are constantly thinking about the little things that need to be fixed, then it’s time to move on.
Number #3: A third sign is when I can no longer afford my home. This means your property taxes have increased so much over time and now take up way too big of a chunk out of your income each month.
Or maybe all those repairs mentioned above start adding up because they weren’t done early enough before prices dropped or job loss occurred – this would also mean paying for more than one mortgage payment each month (which isn’t very fun!).
Number #4: If any of this sound like they apply to you, then consider selling as soon as possible! The fourth problem with homes right now is that most people can’t qualify for loans anymore.
If you are wondering why, you haven’t seen any good offers on your home or why it’s not selling, then perhaps this is the problem.
A couple of things can cause this, but it all boils down to lenders being picky about who they are giving loans out to these days because their losses will outweigh most gains, especially for those with low credit scores.
Number #5: A fifth reason that signals it’s time to sell is when I’m tired of my neighbours! If they never seem to go away and keep inviting themselves over without asking first – well, maybe now would be an excellent opportunity for them to move into YOUR house!
You don’t have time or money (if you do – please take me), so if your neighbour doesn’t want his place, then I’m sure he’ll be more than happy to grab yours!
In conclusion, many problems arise when it comes to selling your home in today’s market. That is why I decided to write this post so that you can use this as a reference and see if any of the problems mentioned above seem to apply to your home.
If so, then perhaps you should start looking at listing it with a realtor and putting up signs. It is never too late to sell your house!