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 Kansas City home!
What is the property doing for you?
Your house should be doing one of these things:
- The home is your primary residence, somewhere that meets all of you and your family’s needs.
- It is a house you rent to high-quality tenants. It provides a consistent income with low overhead costs.
- You use the property for recreation. Maybe is a place for vacations or a weekend home.
If your home is vacant or costing you in repairs or tenant turnover, it might be time to consider selling it!
Is there another property that would better meet your needs financially?
In the investing world, this is known as opportunity cost. What else can be done with the money? Perhaps there is a better use for the money, or another property that can provide better returns with less hassle.
Do you have “too much house?”
People buy their homes for what they need at the present moment. If you have a house full of kids, you might require a 5 bedroom home. But needs change over time. Perhaps you no longer need all of those bedrooms and it’s time to downsize. Keeping up with a home that is too large can be stressful! You don’t need to live in a house that is too high-maintenance.
Or do you feel cramped?
On the flip side, people often grow out of there space. As families grow and acquire more things, they often require more space. Imagine what having a little extra space could mean for you and your family!
Is this really the house you want to be in forever?
People often talk about their “forever homes” but in most cases this isn’t the case, and doesn’t need to be if you doesn’t want it to be. The average homeowner moves every 8 years. So if you aren’t in love with you current house, maybe it’s time to look for your forever home.
Does the house need repairs?
Maybe the house is old and is in need of repairs you simply don’t want to make. Making repairs on a house 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 Green Sparrow Properties, who will buy your Kansas City house as-is. We will take care of everything, including the property’s repairs.
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 might be right for you! If you are able to get at least 20% down for your new home, even better! If you would like to know more about the current value of your home, call us for a CMA (comparative market analysis) on your property! 816-800-9238
What is owning your Kansas City house costing you?
How much are you spending each and every month to own the house? The costs of home ownership go well beyond a mortgage payment. You will need to consider other ways you are spending money on the house such as taxes, insurance, and maintenance.
If you have been thinking about selling, it likely means that it is the right time! There isn’t one answer that is right for everyone! Consider your options and make the decision that works best for you! Our team is ready to help answer any questions you may have!