Maybe you’ve been on the fence about selling your house in Fort Wayne. You are wondering if it’s the right time. You have so many questions and aren’t sure where to start! We have put together a few questions to ask yourself to help you determine if it’s the right time to sell your Fort Wayne home!
What is the property doing for you?
Your house should be doing one of these things:
- The home is your primary residence, somewhere that meets all (or at least most)of you and your family’s needs.
- It is a house you rent to high-quality tenants. It provides a consistent income with low overhead costs.
- You use the property for recreation. Maybe it is a place for vacations or a weekend or summer home.
If your home is vacant, just not right for you anymore, or costing you in repairs or tenant turnover, it might be time to consider selling it!
Is there another property that would better meet your needs financially in Fort Wayne?
In the world of investing, they call this “Opportunity Cost.” Not familiar with the term? It means that you may be potentially missing out on a better property because your money is tied up in a different one. Search and see what’s out there. Is there a better place you could be investing your money?
Do you have “too much house?”
People buy their homes for what they need at the present moment. If you have a house full of kids, you might require a 5 bedroom home with a finished basement and big back yard. However, situations change over the years. You might not need so much space after kids grown up and leave the house. Keeping up with a home that is too large can be stressful, time consuming, and expensive! You don’t need to live in a house that is costing you so much time and money to maintain!
Or do you feel cramped?
On the flip side, people often grow out of there space. As families grow and acquire more things, they often require more space. Imagine what having a little extra space could mean for you and your family! Just like when kids grow up and leave, you may be just starting your family. Or maybe you have a blended family, or just got married. Whatever your situation, it may be time for more space.
Is this really the house you want to be in forever?
There is no rule that states you need to stay in the same home forever. In Fort Wayne, the opportunities are endless. The beauty of real estate is that you can move any time you want! Think about your future, a few years down the road. Can you picture yourself in the same place, or do you see yourself somewhere different?
Does the house need repairs?
Maybe your house in Fort Wayne is old and is in need of repairs you simply don’t want to make, or can’t afford to make. Making repairs on a house you don’t really want can not only be expensive, but stressful and time consuming too. You can choose to work with a reputable direct buyer such as Sky Line Properties LLC, who will buy your Fort Wayne house as-is. We will take care of everything, including the property’s repairs.
Do you have equity in the home?
If you are able to sell your house, pay off your mortgage, and have some left over to put down on a new house, selling might be right for you! Right now, in this market, you can get top dollar for your property. If you are able to get at least 20% down for your new home, even better! If you would like to know more about the current value of your home, call us for a CMA (comparative market analysis) on your property! (260) 220-8715
What is owning your Fort Wayne house costing you?
How much are you spending each and every month to own that Fort Wayne house? Does it seem like money is just flying out the window? That you’re constantly paying a bill or fixing something else? Keep in mind, the costs of home ownership go well beyond a mortgage payment. You will need to consider other ways you are spending money on the house such as taxes, insurance, and maintenance. Don’t forget association dues, utilities, and just normal living expenses. If it’s not even a home you want to live in anymore, consider selling soon!
If you have been thinking about selling in Fort Wayne, it likely means that it is the right time! There isn’t one answer that is right for everyone! Consider your options and make the decision that works best for you. Still unsure? Give us a call, text, or email. Our team is ready to help answer any questions you may have!