This just in! The housing market has been recovering beautifully from recent financial turbulence. Now that things have stabilized, you are toying with the idea of finally selling your home. Maybe you are thinking that your current residence doesn’t fit your lifestyle anymore, maybe you are looking to downsize, or you may just need a change of scenery. Whatever the reason you have for selling your home, you couldn’t have picked a better time.
Here are several reasons you should sell.
1. There are a lot of buyers, but limited inventory.
Inventory is incredibly low right now, almost painfully low. People are buying homes, but it feels like there aren’t enough homes to go around. Right now sellers are in the best position to maximize their profits by selling their house. Builders are having difficulty keeping up with the demand. Some sellers have been waiting for the right time to put their property up for sale, fortunately, that time is right now!
2. People who are selling a home are receiving well above asking price.
This year alone homes are selling for more than 5% of asking price than a year ago. Now is the time to see the return on your investment. Imagine yourself on the beach, somewhere nice and warm with a slight breeze. You have dreamed about this place your whole life. Your kids are out of the house and you are ready to retire. You desire to change and a big step in that direction is selling your house and maximizing the profit that you put into it all of these years.
3. Your mortgage is paid off.
It’s finally over. You made the final payment and no longer have that monthly mortgage. Every dollar that you sell your house, for now, is pure profit. When your house is paid off, the burden of that debt is lifted. Selling a house is the first step toward achieving your new goals.
4. Fewer Taxes mean more profit.
When selling your house, the IRS allows the homeowners the exclusion of capital gains for up to $250,000 or ($500,000 if married and filing jointly) of the primary residence that has been lived in for 2 of the last 5 years. So the future definitely looks bright.
Nothing lasts forever, and every season has its time. Is it time for you to close this chapter in your life? Check with real estate agencies and allow them to help you sell a home. You can move on to whatever it is you really want to do with your life. Whether it be in the same town or across the country, whatever you can dream you can make a reality. So if you are thinking of selling, do it now before the market passes you by. Nothing lasts forever and that is definitely true in the real estate industry. You have to make money while you can when it comes to selling a house. Act now! You won’t regret it.