SHOULD I SELL MY HOME
Should you sell your home in this seller’s market? Well not unless you can say yes to these 3 things.
Hi everyone Kim Devlin with Your Key to St Augustine and RE/MAX Leading Edge. If you want to know about Relocating to the area, selling your home or living like a local in St Augustine, then this is the channel for you so go ahead and subscribe, go ahead, do it now. Ok moving on.
So if you have been keeping an eye on the real estate market over this past year, you probably know that this is a hot sellers market and it’s no surprise that many homeowners are wanting to take advantage and sell now to get the most profit out of their home. If you are on the fence about selling now or waiting, consider these three factors when making your decision….
- You have to move…This one is a no brainer. If you have to move [for work, school, family] it is a great time to sell: inventory is low and your home’s value has likely increased from a year ago. In St Johns county values are up an average of 21% and listings are typically on the market for a month or less. If priced and marketed properly you’ll have multiple buyers vying for your home.
- You have a place to go…If you don’t necessarily have to sell but have been thinking about it because the market is so hot, well let me ask you this question…do you have a second home, rental, or family or friend that you can crash with? If you have a place to go after selling, you can then wait it out until this market balances and becomes more favorable for buyers before finding your next place. But if you can’t say “yes” to this, it would not be worth it to give up the security and comfort of your home just in the chance of cashing in on this seller’s market.
- Your house is small…Maybe it was a starter home and your family needs more room to grow, or you invested in a quaint retreat for little getaways. There are a lot of first time home buyers searching the market and this can be the sign for you to get into a larger home. But keep in mind that you will become one of those buyers competing for a home, so if you need to sell and buy at the same time watch this video right here. It can be a bit tricky but there are ways to make it less stressful. If you are outgrowing your home than definitely take advantage of this market and sell so you get top dollar. Maybe you can find a temporary rental until the market balances or as a holdover while you search for you new larger home.
So if you answered yes to these 3 questions then yes it’s a good time to sell and take advantage of this historic sellers market. Whether you have had your home for 30 years or 2 years, you have equity and will not be leaving money at the closing table.
If you are ready to take the next step? Check out my pre-sale checklist and staging guide to get your house ready for sale. Keep in mind just because it’s a sellers market doesn’t mean buyers aren’t doing their due diligence so be sure to present your home in the best possible way. And of course if you need a Realtor, I know a good one.
If you have any questions drop a comment below or send me an email or text. I love hearing from you and answering your questions. Thank you so much for tuning in and I will catch you on the next one.