Is it time to sell my home?
Factors to consider when putting your home on the market
With mortgage rates still low and home values in Gilbert and surrounding cities on the rise, it may seem like a good time to sell your home. While it’s important to consider the housing market which is on a slow and steady upswing, there are other factors to consider when putting your home for sale. It’s not as simple as putting a sign in the front yard to attract buyers.
Home Value vs. Mortgage
The housing crisis left a lot of homeowners wondering if their homes would ever be worth the value of the mortgage. The good news is that many Arizona homes are above water, worth as much or more than the loan, making selling an option to consider. Call Newman Realty for a free home valuation if you’re not sure what your home is worth.
Once you know the value of your current home, consider any upgrades or repairs you may have to get done in order to sell your home.
Repairs and Upgrades
To get top dollar for your home, there are likely repairs and upgrades that need to be completed before your home can go on the market.
Buyers in certain neighborhoods want and expect the home to look like new on moving day while others want to renovate to their own style. You may, for example, hold off on replacing the carpet and give the buyer a carpet allowance but that may not work in every neighborhood.
An experienced real estate agent can determine the repairs and upgrades that will get you the best selling price. Keep in mind the cost of repairs and upgrades may exceed any equity you have in the home but it’s worth exploring if you’re serious about selling your home.
Reason for Selling
Before making a big financial decision to sell your home, think about why you want to sell your current home and purchase a new one. Better schools, shorter commute, and changing family size are common reasons. The market is good but it’s getting better. Finding the right real estate agent to help you decide to sell or not is an important part of the decision.
Finding the right real estate agent
Often people call the real estate agent that helped them buy their home when it’s time to sell. Keep in mind that real estate agents may specialize in buying or selling home but not both. It’s worth asking their areas of expertise to understand if they are the right real estate agent to sell your home. If they aren’t, they may be able to recommend a seller’s agent to you.
If you’re thinking about selling your home, contact the Newman Realty Team at 480-993-8653.