The thought has likely crossed your mind. You’re probably wondering if you should or shouldn’t sell the home. Depending on circumstances, you may be in ownership of a home that would serve you better if you sold it. Below, we’re going to cover some of the most important questions to keep in mind when determining if you should sell your San Diego home.
Does the property have Immediate value for you?
If so, your house should be doing one of these:
- The home is your residence and is where you and your family currently live.
- The home is a rental property that provides you with a consistent monthly income for you.
- The home is used for vacations or retreats & recreational use ONLY. This may be a vacation or weekend home you often use.
If the property you’re considering selling is vacant, not in use, in need of repairs, or is occupied by tenants and a whole slew of other problems, selling the home is likely going to be your best option.
Do you have your eye on another property but can’t invest?
If you happen to be an investor, your money may be tied up in another property that you want to free, to invest in another. If there is another place that’s better for you, selling your current home that’s getting in the way is going to be your best option.
Are you thinking about Downsizing?
As our kids get older we often find ourselves left with big empty houses that once used to house our children. If the birds have left the nest and you find yourself having ‘too much home’ then downsizing is a must. Now that you don’t need so much space. Keeping up with a home that is too large can be stressful! You don’t need to live in a house that it too high-maintenance.
Or, is there not ENOUGH space?
In some cases, it can also be that you’ve out grown your current space and are looking to upsize your home. If you have a growing family and are in need of the additional space, selling your current home to put a down payment on your new one is not a bad idea.
Is this your Forever Home?
If you know without a doubt you have no interest in ever moving again, you may not have much to worry about. However, if your current space is not the home you see yourself living in for the rest of your life, then you owe it to yourself to do what’s best for you. If you can’t picture yourself living in your current residence for the next 5 or so years, have a plan for selling would do well when it’s time to sell
Does the house need repairs?
Many times, a property we own may simply be so outdated and in need of repairs that listing it just isn’t possible; this doesn’t change the fact you need to sell however. It simply means that making house repairs will be an absolute necessity if you choose to sell the San Diego home on the market.
The alternative here is that you may not need to list the home; even in its current condition. You can always choose to work with a Direct for Cash company that will buy your house ‘as-is’. They take care of all the hard work and you get paid. It’s a worthwhile consideration if the home will end up sucking more of your money then paying out.
Do you have positive or negative equity?
Depending on the current equity in your home, you may be able to pay off your mortgage and still have some money left over for your downpayment. Ideally, if you can get 20% back this will be a good start on your new home. If you aren’t what your current equity is or would like more information regarding the current market value of your home, call us today to learn more! 951-331-3844
What is your San Diego home costing you?
A really vital question to ask yourself is how much is your home costing you every month? Here, we don’t just mean your mortgage amount. We also want you to be aware of any taxes, insurance, maintenance costs and any HOA fee’s as well
The truth is, if you’e already been thinking about selling it’s likely the right decision for you. Even with everything above, only you know the full extent of your situation and the reasons you have for needing to sell.
If you’re not interested in having to go through all of the hoops to get your home listed, give us a call! We may be able to offer you a better amount for your home WITHOUT any of the hassle that comes with listing.
What have you got to lose?