How do you know when it is the right time to sell your house? We’ve all been there before. The decision to sell shouldn’t be taken lightly. In this post, we offer 6 signs to help you feel confident in your decision. 

Determining the right time to sell your house is a big decision. Especially in a quickly changing city like [market_city] where home prices are all over the board. You don’t want to rush into something you’ll regret, but at the same time, hesitating can end up costing you a fortune. If you are on the fence about selling, there are a few signs that help to tell you exactly what you should be looking for. Here are a few things to look out for that can help you decide whether or not you should sell your house!

#1 – You’re Having Trouble Making Payments

This is the #1 sign. It can happen to the best of us even in “normal” circumstances, let alone during a pandemic. Situations beyond our control can quickly make it feel almost impossible to get the mortgage paid on time. Whether it be job loss, sudden expenses, illness, or loss of a loved one, homeowners may find that paying the mortgage becomes more and more difficult once they fall behind. If this is the case for you, it may be time to consider a different property. Fortunately with appreciating home prices in Durham, you may have enough equity in your home to comfortably transition to your next location. Just because something may cost less, and may be a bit smaller, doesn’t mean it’s a complete sacrifice.  Better to address the payment issue than have the credit bureaus after you!

#2 – You’ve Outgrown Your House

The house we buy at one time in our lives may not be the house that we live in forever. People will often outgrow their homes, finding them to be too large or too small. As the years pass, families may grow in size, causing the owners to desire more room. On the flip side, the kids may move out, leaving a large, empty next that will still need to be maintained. Either way, owning a house that is the wrong size can be burdensome. Either you feel cramped, without any privacy or you will be forced to maintain a larger area that you’re not even using. Both situations can make your living conditions less than pleasant.

#3 – You Have Another Opportunity

How could the sale of your current house propel you into something even better? Maybe there is another property that would be a good investment or a different area where your dollars ($$$) go a little further.  Maybe you have a business opportunity or want to start one of your own. Or maybe the kids are gone and you want to take this opportunity to travel the world. Don’t hold onto your house in [market_city] because you feel like you have to. With housing prices at an all-time high, a direct cash sale of your house to will quickly allow you to follow a dream you may have been putting off.

#4 – The House Needs A Lot of Work

Are you tired of sinking money into the house month after month? A house in disarray and in need of repairs can cost the owners a fortune in maintenance. Repairs that go undone can snowball, putting the owner in even greater debt. Unless you specifically signed up for a fixer-upper property, owning a home that always needs work isn’t fun for anyone. Contractor and handyman costs have skyrocketed the last several years in Durham, so even routine maintenance can be stressful on your wallet.  When it simply doesn’t make sense to continue sinking money into your [market_city] house, with little or no return, it may be time that you consider a sale.

#5 – The Neighborhood Isn’t Improving

Location. Location. Location. Maybe you bought in an area you thought was up and coming but the truth is, it hasn’t progressed in the way you had hoped. It can be easy to get lost in the hype when people insist a neighborhood is on the rise, but things don’t always turn out the way people think. While you can single-handedly improve your property, you can’t single-handedly change the location. Even if you have a great property, it’s not so great when located in a bad neighborhood.

#6 – Your Investment Isn’t Paying Off

Do you own an investment property that isn’t performing as planned? You may be having trouble finding high-quality tenants who are willing to pay what you need them to in order to cover your costs. Investments don’t always go according to plan and you may find that your money will be better invested elsewhere! If your investment isn’t paying off as you would like it to, there is no need to keep holding onto it. In some cases, it is better to get out while you are still ahead as opposed to holding on to the property, hoping that something will change.

For many home sellers in [market_city] that need a solution fast, working with a direct cash buyer is the way to go. The MLS is unpredictable and it can be months before the house finally closes., especially during the winter months. When you work with VentureStack, you’ll be able to receive your proceeds in only a few short days!

Do you think that it is time to sell your house in [market_city]? Reach out to us to explore your options so you can make the best decision for your situation! [phone]

Get Your No Obligation Offer in 24 Hours or Less!

Give us a call at (919) 926-1791 or fill out our form to get started.