Is it the right time to sell?

Deciding to sell your home is a significant decision that requires careful consideration. It's January, and a lot of our clients are starting to prep for the "spring market". But guess what? Inventory is low, which means less competition for your home on the market IF you decide to list before the Spring. Regardless of timing, we're here to help! Here are some tips to help you determine if it’s the right time:

1. Evaluate Your Financial Situation
-Equity Position: If you have built significant equity in your home, selling may provide you with a good return.
-Market Conditions: Check if it’s a seller’s market (low inventory, high demand), as this can increase your chances of getting top dollar.
-Affordability of Moving: Ensure you can afford the costs associated with selling, moving, and potentially purchasing another property.

2. Assess Changes in Your Lifestyle
-Space Needs: If your home no longer suits your lifestyle (e.g., growing family or empty nest), it may be time to find a better fit.
-Work or Location Changes: A new job or desire to live closer to family/friends might make selling worthwhile.
-Retirement: Downsizing or relocating to a more retirement-friendly area could prompt a move.

3. Review Market Trends
-Home Values in Your Area: Research comparable sales in your neighborhood to see if property values are favorable.
-Interest Rates: Lower mortgage rates may attract more buyers, making it easier to sell.
-Time of Year: Spring and early summer are often ideal times to sell, depending on your location.

4. Consider Maintenance and Repairs
-If your home requires costly repairs or maintenance, you’re not willing to invest in, it might be better to sell and find a property in better condition.

5. Emotional Readiness
-Selling a home can be an emotional process. If you feel ready to part with the property and start fresh, it’s a good indicator.

6. Consult Real Estate Professionals
-A local real estate agent can provide insights into the current market, your home’s value, and the best strategies for selling.

7. Long-Term Goals
-Consider your long-term goals. Will selling your home align with your financial, personal, or career aspirations?

8. But Jen, where would I go? 
-That's a great question! Some of our Sellers are moving out of the area; some of them are downsizing, and are getting a rental while they figure out their plan. We're here to talk with you through multiple options--whether it's buying again, or renting for the time being so you have more cash available to buy when you're ready OR when the right property comes along. 

If you'd like to discuss your options, contact us! We're local real estate professionals servicing Southern New Hampshire and Massachusetts. 

Jennifer Delisle & Erin Dinsmoor
Luxe Living Real Estate
@YourLuxeLiving