How do you know when it is the right time to sell your house in Raleigh NC? Many homeowners are “on the fence” about this when they call us. The decision to sell shouldn’t be taken lightly. In this post, we offer 6 signs to help you feel confident in your decision.
Determining the right time to sell your house in Raleigh NC, or any city, is a big decision. Selling your house is a large project with a lot of moving parts. It is also very stressful. For many people, their home is their single largest investment. Therefore this is one of the biggest decisions for homeowners to make. If you are on the fence about selling, there are a few signs that help to tell you exactly what you should do.
#1 – Trouble Making Mortgage Payments
This is probably the biggest reason why a homeowner should consider selling. If your monthly mortgage payment has become a burden, it’s a good reason to sell and pay it off. This happens to a lot of people. The loss of a job, or when a position is abruptly moved out of state. Loss of employment, job is moved out of state, illness, or loss of a loved one, homeowners may find that paying the mortgage becomes more and more difficult. Another reason is a high-interest rate or an adjustable-rate mortgage “ARM.” If your interest rate has adjusted upward and your house payment is already high, it may be time to cash out and move.
#2 – The House Needs A Lot of Work
Houses are expensive things to own. Home repair can be stressful because there is always something to fix. You have to prioritize items to repair and anticipate what it will cost. Some choose to spend their weekends fixing things around the house–with multiple trips to the home improvement store–and some hire a handyman, or defer it. No matter the situation, it costs money and effort to properly maintain a house. Certain repairs, chiefly when they are delayed, can snowball into a huge problem. Roof leaks, HVAC, plumbing problems, rotten wood, electrical problems, water heater leaks, etc. These types of repairs can be costly! Unless you signed up for a handy-man-special, owning a home that always needs work isn’t fun for anyone. When it doesn’t make sense to continue sinking money into your Raleigh NC house, it may be time that you consider a sale.
#3 – Divorce
What turned out to be a dream home may not be so dreamy in the long run. A house becomes a home when people make the biggest investment of their lives and decide to make it theirs. When things don’t work out, the home can be associated with painful memories. Some choose to move on with their lives and onto another place to call home.
#4 – Job Transfer
Many homeowners that call us say that their job has been moved out of state. Or they have received a better opportunity in a different part of the country. Don’t hold onto your house in Raleigh NC, because you feel like you have to. A chance to advance your career can be life-changing. It would be a shame to say no to such an opportunity because you wanted to avoid the stress of selling a house. A direct sale of your house to Mike Buys Houses will quickly allow you to take new opportunities.
#5 – The Neighborhood Isn’t Improving
Maybe you bought in an area you thought was up and coming, but the truth is, it hasn’t progressed in the way you had hoped. It can be easy to get lost in the hype when people insist a neighborhood is on the rise, but things don’t always turn out the way people think. While you can single-handedly improve your property, you can’t single-handedly change the location. Even if you have a great property, it’s not so great when located in a bad neighborhood.
#6 – High Property Taxes
Property taxes were recently assessed in Wake County. Many homeowners have been hit hard. I personally witnessed this when I was in New York and had relatives that were burdened with tax bills of over $10,000 per year. If your property taxes have increased to an unfair amount, this is a great situation to move to a different part of the state. You can even use the money you make on the sale to buy something much larger in Pitt County, NC. They have a very affordable cost of living.
For many home sellers in Raleigh, NC 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 house finally closes. When you work with Mike Buys Houses, you’ll be able to receive your proceeds in only a few short days!