If you’re like many people, you’re wondering if now is the right time to sell your house in Jacksonville or one of the surrounding communities. The only way to know for sure is to talk to a Jacksonville Realtor® – but these four signs can be a good indicators that you’re ready to sell your house.
Should I Sell My House?
You may be ready to sell your house if:
- You have equity in your home
- Your credit score is up to par
- You’re not emotionally attached to your home
- It makes more financial sense to buy than to remodel
#1. You Have Equity
As any Realtor can tell you, you shouldn’t sell a home unless you have enough equity built up in it to make a profit – or at least break even.
The more equity you have, the better. You can figure out how much equity you have in your home – just start with a comparative market analysis from qualified real estate agent. Then, subtract the amount you owe from your last mortgage statement from the figure your real estate agent has given you. That will give you a ballpark picture of how much equity you have built in your home.
#2. Your Credit is Ready to Buy a New Home or Rent an Apartment
You have to go somewhere, which means someone will be checking your credit. (Whether you intend to buy a new home or rent an apartment, your credit needs to be up to snuff so you can get approved.)
#3. You’re Not Emotionally Attached
If you’re confident that you’ll be able to take criticism of your home – and if you’re ready to make improvements where necessary – it’s a good sign that you are emotionally detached enough to sell the house. However, remember that there is a lot more to selling a home than getting prospective buyer feedback. Your real estate agent will recommend that you remove family photos, declutter, get rid of excess furniture and possibly reorganize your entire home. Can you pull that off?
Remember, too, that sentimental value doesn’t equal monetary value.
#4. It’s Better to Buy Than Remodel
If it would be more cost-effective for you to sell your home and start over than it would be to remodel so that your home fits your needs, it’s probably time to think about buying something new. The same is true if you need to downsize – sometimes you’re swimming in space you just don’t need.
Are You Thinking About Selling Your Home in Jacksonville?
We can help you sell your home in Jacksonville. Just call us at 904-806-4274 to find out how we can market your property to all the right buyers to sell your home quickly and at the right price.