The real estate market may have cooled off a bit, what with the rising interest rates, but it’s still an excellent time to sell a house. If you’ve been thinking of making a move in Dallas TX or a surrounding area, here are some signs that now is a good time to sell your house.
1. Evolving Family Size
Is your family growing with the addition of kids? Or is it shrinking with college kids leaving the nest? Either case warrants an upsize or downsize.
2. Interest Rates Are Still Low
While they have certainly increased in recent months, interest rates are still historically low. Before they go up again, it’s wise to sell now before buyers’ purchase power decreases. Predictions are that interest rates will continue to rise in 2023 until inflation can get under control again. Putting off your sale may limit how many buyers can qualify for a mortgage.
3. Kids in School
If you first bought your home when you didn’t have any kids, you probably weren’t thinking about how many kids you’d actually have and what the school system was like. Now that they’re facing their first days in kindergarten, you may want to move to a neighborhood with a highly rated school system or even a safer neighborhood.
4. House Poor
You may have rushed to buy your dream home without thinking of all the extra expenses that would drag you down each month. When you are house poor, you have enough money to technically meet the mortgage, but little else left over to buy nice things, go on vacation or splurge on fancy dinners out. If you downsize, you can enjoy the little things in life once again.
5. New Job
You may not have much control over this, but if your boss wants to relocate you, this could be the catalyst for a move. Relocating to another city or neighborhood will put you closer to the new job so you can save on commute costs while drawing a higher salary.
6. Too Much Upkeep
When you first bought your big house, you had the energy to keep it clean and maintain the yard. Now that you are facing retirement, you may no longer have the energy or mobility to handle all these tasks on your own. Rather than allow the property to fall into decline or shell out big bucks for professionals to clean it, you may be considering downsizing to a retirement community where that’s all taken care of for you.
7. Unsatisfied With the House
Even if you fell in love with your home when you first bought it, you may be falling out of love with it now. You’re seeing the cracks in the façade, how much more home you could afford in another city, or the emptiness left behind by kids that have flown the coop. Maybe you don’t have the energy to fight with your grumpy neighbor any longer, or your house is becoming a money pit. Whatever the case, it’s time to move on.
Contact Quick Trip Movers
If any of these scenarios are prompting you to think about moving, start things off with a free quote. Contact us today!