Are you an empty nester?
Now that your kids moved out, you may recognize that you have a big empty house that you still have to maintain, and that it might be time to downsize. Moving to a smaller house or a condo could help free up your time and money. Perks of the condo lifestyle may include having less maintenance, access to more amenities, and living in a unique location such as in a downtown area.
Have a growing family?
As your family expands and your kids grow older, you may start to acknowledge that you need more space. You may find that your ready for your own master bathroom, or need more room for all their toys and sporting gear. If your household is bulging at the seams, it may be a sign that it’s time to find a home that better fits you and your family’s needs.
Do you own multiple properties and ready to simplify?
If you have been thinking about retiring soon, or just want to divest in real estate, selling when property values are high can provide an opportunity to make a profit. In the local Oconomowoc real estate market, property values have increased significantly over the last few years.
Are you sick of high maintenance?
Is that huge yard, long driveway, or expensive to maintain swimming pool got you financially or emotionally stressed? If so, then it may be time to purchase some lower maintenance real estate or try renting instead.
Do you need a change of scenery?
Sometimes you just want a new house. As your tastes and hobbies change, you may find yourself wanting something different than your current house offers, such as a larger yard. If you have been contemplating if the grass is greener on the other side, it may be a sign you’re ready to move on.
Your neighbors just got what for their house?!
If homes in your neighborhood, similar to yours, recently sold for a price you would be happy with, it might be a good time to move. Check out sold listings online and “just sold” flyers in the mail to see what neighboring homes are going for. Another indicator is comparing the sold price to the asking price. In today’s crazy market, many sellers are cashing in on above asking price offers with favorable terms.
Do you want to be closer to family?
If you’re tired of traveling far for holidays to visit your family, have FOMO on other family gatherings, or want your parents more involved in your children’s life, it may be a good idea to move closer to family.
Do you want to take advantage of low interest rates?
Interest rates have been at historic lows. Locking in a low, fixed rate mortgage for 15 or 30 years may sound like a good idea to you. Rates have been slowly creeping up however, and may continue to do so as the economy improves.
Are you done with renting?
Renting has its advantages, but you may find yourself thinking about putting down roots and buying your own place. Owning your own home can give you a sense of stability, allows you to customize your home, and can help you build equity.
Deciding to move is a big decision with a lot of factors involved. If you own a home and have been thinking about selling, doing so in a strong seller’s market can help you sell your home faster, at a higher price and on more favorable terms.
To find out what your property could sell for in today’s hot market, contact us for a FREE comparative market analysis.
If you are considering purchasing a home or have questions about how to start the process, we can help with that too. Contact us at firstname.lastname@example.org or 262-567-3611.