Perhaps you’ve been trying to figure out whether it’s the right time to sell your residence. You are speculating if it’s the right time. We have gathered a few questions to ask yourself that can help you figure out if it’s the right time to sell your Chicago property!
What is the property providing you?
Your home should certainly be doing some of these things:
- The home is your prime residence, somewhere that satisfies each of you and your family’s goals.
- It is a property you make available to premium occupants. It delivers a dependable profit with low overhead costs.
- You use the property for pleasure. Maybe its a place for getaways or a weekend home.
If your property is vacant or costing you in repairs or tenant turnover, it may be time to consider selling it!
Is there a different property that would better meet your needs monetarily?
In the world of buying and selling, they call this “Opportunity Cost.” What property are you potentially skipping out on because your resources are locked up in a separate one? Have a glance at what’s on the market. Is there a better place you could be investing your money?
Do you have” way too much house?”
People buy their homes for what they need at the present here and now. If you have a household filled with kids, you might require a 5 bedroom house. However, in the future, you might not need a lot of space. Maintaining a home that is too large could be nerve-wracking! You don’t have to stay in a house that is too high-maintenance.
Or do you feel confined?
On the other hand, most people often outgrow their living space. As friends and families grow and accumulate more things, they often involve more room. Think of what having a little more space could mean for you and your loved ones!
Is this really the property you intend to live in forever?
There is no rule that says you need to live in the same building forever. The beauty of real estate is that you can move at any moment you want. Take into consideration your future, a few years down the road. Can you see yourself in the same place, or do you see yourself somewhere separate?
Does the place need repairs?
Maybe the house is old and is in need of repair work 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 Global Abundance LLC, who will buy your Chicagoland property 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! (800) 953-2124
What is your Chicago area property costing you? Maybe It’s The Right Time To Sell
How much money are you spending each and every month to own the house? The costs of home ownership go well outside 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’ve considered selling, there’s a likelihood it means that it is the perfect time!! There isn’t one answer that is right for everyone! Consider your options and choose what works best for you! Our team is ready to help answer any questions that come up for you!