Will you know when it’s the right time to sell your house in Edmonton? This young family may soon discover they are ready to move on from their starter home! The decision to sell your home is a serious matter. In this post the team at Sunrise Home Buyers offers up 6 signs to raise your comfort level when making that decision.
Determining the right time to sell your house in Edmonton is a big decision. You certainly do not want to make a spontaneous decision that you may regret, but at the same time, hesitating can end up costing you a large chunk of change. If you are undecided about selling, there are a few clear and obvious signs that can assist you in the timing of your decision. Here are a few matters to consider when deciding whether or not you should sell your house in Edmonton!
#1 – Late or Missing Payments
Life-changing events can happen to all of us. And they sure have been piling up lately for Albertans. The impact varies person to person, but the combination of low oil prices, a weak economy, Covid and the policies put in place to arrest its development have certainly affected EVERYONE.
Circumstances such as these, beyond our control, can create scenarios where its tough to get the mortgage paid on time. And when you add on the consequences of those events, job loss, sudden and unexpected expenses, illness, or even the loss of a loved one, its not uncommon for many Edmonton homeowners to find that paying the mortgage becomes more and more difficult. If this is your predicament, it may be time to consider a different property. Just because something may cost less, and may be a bit smaller, doesn’t mean you won’t be able to make it a beautiful home.
#2 – You’ve Outgrown Your House
Do you know anyone who bought their ‘forever home’ only to sell it in a matter of a few years? Has that happened to you? The home we buy at one point in our lives may not be the house that we live in forever. People will often outgrow their homes, finding them to be too small or eventually too small. Are you working from home at all? Who wouldn’t want a dedicated office space in 2021?
As the years pass, Edmonton families may grow in size, resulting in the owners’ desire for more room. In contrast to that scenario, once all the kids move out, that large empty nest and backyard will still need to be maintained. Either way, owning a house that is the wrong size can be burdensome. Either you feel cramped, without any privacy or you will be forced to maintain a larger area that you’re not even using. Both situations can make your living conditions less than pleasant.
#3 – Another Opportunity Awaits
How could the sale of your current house propel you into something even better? Perhaps you have had your eye on another property you would like to buy that is better suited for you or that could potentially be a good investment. Maybe you have a business opportunity you’ve been mulling over and want to start one of your own. While that may be tough at the moment, don’t give up on it yet. Opportunity will arrive at some point in the future.
Or maybe the kids are gone and you want to take this opportunity to travel the world! What?! was this written in 2019? Let’s not quit on that dream just yet. Here’s hoping that is a viable option soon!
The bottom line is not to hold onto your property in Edmonton because you feel like you have to. A direct sale of your house to Sunrise Home Buyers may help you get back on the path to reaching the goals and plans that you may have been putting off.
Let’s hope the dream of travelling to the world’s top tourist sites once again becomes a reality…AND SOON!
#4 – The House Needs Repairs, Lots of Them
Are you tired of sinking money into repairs and maintenance month after month? A home in disarray and in need of repairs can cost the owners a slow and steady fortune in maintenance; drip, drip, drip.
Repairs that go undone can snowball, putting the homeowner in even greater debt. Unless you specifically purchased a fixer-upper property, owning a home that always needs work isn’t enjoyable for anyone. And that work may be because of a pile of projects still incomplete. Or a to do list that keep s on growing.
When it simply doesn’t make sense to continue pouring money into your Edmonton property, it may be time to consider a sale.
#5 – The Neighborhood Isn’t Improving
Maybe you bought in an area you were told was up and coming but the trajectory has not moved in that direction. It’s easy to be taken in by the hype when people predict the next neighborhood on the rise. But as we know all too well, events don’t always play out as expected. So while you can single-handedly make your Edmonton property the envy of your neighborhood, you can’t change its location or your neighborhood’s trajectory. Even if you have a great property, it’s not so great when it’s located in a neighborhood that isn’t getting any better. Or even worse, trending in the WRONG direction.
#6 – Your Investment Isn’t Paying Off
Do you own an investment property that isn’t performing as projected? Maybe you are having trouble finding quality tenants who are willing to pay what you need them to in order to cover your costs. Maybe finding tenants who actually seem to care at all about your Edmonton that need a solution fast, working with a direct buyer is the way to go. The MLS is unpredictable and it can be months before the sale of your house finally closes. When you work with Sunrise Home Buyers, there are some situations in which you’ll be able to receive your proceeds in only a few short days! Please watch and read the reviews from some of our satisfied clients if you’re unsure if we can deliver on what we promise!