Has the time come to sell your home? If you’re considering moving out of your North Carolina house and moving somewhere else, there are a few things you should consider before officially putting your house up on the market. Before you make the big leap and sell your home in North Carolina, here are three signs that it might be a good time to move.
You’ve Outgrown Your Home
The first sign you might be ready to sell your home in North Carolina is if your home simply doesn’t fit your family anymore. Perhaps you have a little one on the way and there aren’t enough bedrooms to suit everyone comfortably. Maybe you moved to the area for the great schools, but now your kids are older and you don’t need that neighborhood feature. Or maybe your children have moved out and you and your spouse just don’t need so much space anymore. Any of these situations could be a signal that selling your house and moving would be a good move.
You’re in a Good Financial Situation
Before you think about selling your house, evaluate your finances. While it’s possible to sell your home with a mortgage, it’s not ideal. You’d be much better off if you waited until after the mortgage was paid off, so you can sell your home for a sizable profit. Especially if you’re expecting big expenses coming soon (kid going to college? Need to buy a new car?), selling your home could be a great way to get that extra cash you’ll need. Just don’t forget about the often unexpected costs you might have to pay when you sell!
The Market is in Your Favor
If you have a bit of flexibility in when you can sell your home, look at the market trends and see when it’s the most favorable for sellers. For instance, according to HomeLight, June is the best month to sell your home in North Carolina. Not only are housing prices typically higher in the summer, meaning you’ll get more for your money, but houses also tend to stay on the market for shorter periods of time, so you can get everything taken care of quickly. You can also research the local market of your specific city in North Carolina to see how homes have been selling.
We know the prospect of selling your house during COVID-19 might be daunting, but we promise it’s possible! If you find yourself agreeing with these three scenarios, then it just might be time to start packing up your things. We’ve got tons of blog posts with advice on how to quickly sell your home in North Carolina. And if you can’t find a buyer right away, consider selling to a cash buyer like Offer Hut! Speaking with a cash buyer is a great way to sell your house fast and save on expenses like Realtor commission or repairs to the home. Best of luck on your next journey!