Selling your property in St. Albert is a big decision. But, it is important to know when to let go and find something new. If you’ve been eager to sell your home and start fresh, timing is key. Before you jump in and decide to list your property on the market, you need to evaluate a few factors. For instance, your finances, the current market climate and your housing needs (among others). In this article, I will be going over some of the key items you need to consider before determining if it’s the right time to sell.
Is it the Right Time to List My Property in St. Albert for Sale?
- You’ve Outgrown Your Current Home
A good sign that it’s time to sell, is that you’ve outgrown your current home. For instance, perhaps you have another child on the way but you live in a 2-bedroom apartment and want more space. Or, maybe your children have fled the nest and you no longer need a single-family home anymore. Either way, if you feel as though your home doesn’t suit your needs, it’s a good indication that selling is in your best interest.
- The Market is on Your Side
Before selling your current property, it is important to check the market conditions. Selling in a seller’s market gives you the upper hand against buyers. Furthermore, in a seller’s market, houses tend to sell faster and for higher prices. Check with your local agent today to see if the market is on your side!
- You are Financially Stable
When selling your home, it is crucial that you are in a healthy financial position. Those who choose to sell must be ready to pay for moving costs, repairs, and potentially a second mortgage if they buy before they sell.
- You Have Equity in Your Home
Paying seller costs out of pocket is less than ideal, so it is good to make sure that you have enough equity built up in your home. Your equity is the current value of your home minus the balance owing on your mortgage. You’ll want to make sure that you have enough equity to cover closing costs and your next down payment prior to selling.
Contact me Today!
For more advice on when to sell your property in St. Albert, contact me today. I’d be happy to help you find the perfect buyer for your home. Feel free to reach out with any questions or concerns that you may have about a property in the area. I look forward to working with you in the near future!