Have you been considering selling your house in Kingston TN and you are left wondering when exactly is the best time to do it? Or maybe you are looking for that “sign” that it’s finally time to sell your house. As Kingston homebuyers, we have years of experience in helping homeowners decide when it is finally time to move on. We understand that deciding to get rid of your home is a huge decision! That’s why we have put together a list of “signs” that it may be time to think about selling your house in Kingston.
Start By Thinking About What The Property Is Doing For You
Ideally, your house in Kingston will meet one of these criteria
1.) The house serves as your primary residence. Meaning you live there with your family and it meets all of your current needs.
2.) The house is a rental investment Property. The home provides you with consistent cash flow each month.
3.) The property could be a secondary residence. Is it a vacation home or a home that you use on the weekends?
4.) The house is currently sitting vacant and does not meet any of the above criteria.
Would A Different House Suit You Better Financially?
This primarily pertains to investment properties, but you should consider this on your primary residence as well. If your current home is no longer meeting your needs, would it be worth it to keep it if you are paying a high interest rate? Maybe you have considered refinancing because you purchased your home during a time when interest rates were higher on mortgages. Would it be worth the money to invest in refinancing if the home no longer meets your family’s requirements? This is known as opportunity cost. What are you giving up by keeping the current house?
Do You Have Too Much House?
You typically buy your house according to what you need in the current moment. If you were married with a house full of kids when you bought your home, you may have a house that is too large for you now if the kids have moved out. Trying to keep up with a large house is expensive and stressful. If your kids are grown and moved out, you may consider downsizing your house in order to get something more manageable.
Feeling A Little Cramped?
On the opposite of having too much house, perhaps you may be running out of space! This is common for growing families. Whether your family is growing, or you have accumulated more stuff than you have room for; sometimes upgrading to a larger house is a great idea.
Consider Your Future Plans
Ask yourself if this is the home you plan to stay in forever. If the answer is no, it may be a great time to start thinking about selling your house. If you can’t picture yourself living in your house 3, 5, or even 10 years down the road; it would be best to start organizing a plan of your future goals. Consider house types and different locations you would like to live.
Currently Live In A House That Needs Repairs?
If you currently own a home that needs repairs, it can begin to feel overwhelming. When one thing breaks, it seems like three other things follow it. When you make repairs on your home, it’s stressful and expensive whether you do the work yourself, or you plan to hire it out. Living amongst home renovations can put anyone’s patience to the test! If your house in Kingston simply needs too many repairs, you should consider selling it.
Do You Have Equity In The Home?
If you have equity in your house, the process of selling it becomes much easier if you are wanting a new one! Depending on the amount of equity you have, you may be able to sell your current house, pay off any liens, and have plenty leftover to put on a new house. Score, right? If you are not sure how much your home is worth, consider completing a comparative market analysis on your home. If you are not sure how to do this, reach out to a real estate professional to assist you!
Is The House Costing You A Fortune Each Month?
The cost of a house goes well beyond the mortgage payment. Maintenance, insurance, utilities, and taxes can add up quickly, especially if you currently live in a larger home. In addition, these costs never seem to go down. Traditionally, maintenance, insurance, utilities, and taxes become more expensive over time.
Sell Your House Fast In Kingston
We buy houses in Kingston and all over East Tennessee. We are local to the East Tennessee Community and provide homeowners a better and faster way to sell their house by making cash offers. Since we buy houses in cash, we have the ability to close fast. Wait, did we mention that we also buy homes as-is? We buy every single home exactly the way they sit. No more repairs, no more dealing with contractors, no more stress! We do all of this 100% free. Shipwash Properties will never charge you a commission or fee. Whether you are wanting to sell your house, or you just need some expert advice, we encourage you to give us a call or fill out any of our forms on our website!
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