People tend to encounter some reluctance when they are first thinking about trying to sell their home. If you’re on the fence about selling, consider these signs… it just may be time to sell your home in Raleigh – Durham.
Signs It May Be Time to Sell Your Home in Raleigh – Durham
Do You Need More Space!
Maybe the size of your family has grown, or maybe it’s just the stuff in your house that’s grown, if you are feeling cramped, it’s time to move. As your family grows, you will definitely need more space. Not just for people, but for all that additional stuff! Or, maybe you started working from home, and really need that office to be successful. Do you want a man (or woman) cave but don’t have the space? Whatever your reason, if you are stifled in your own home, and building additional space isn’t reasonable, it is time to move!
Empty Nest
On the other hand, have your kids moved out, or have you gotten rid of all that stuff you seem to accumulate over the years and the house simply feels too big now, it might be time to think about downsizing into a smaller home. Not only will a smaller home require less maintenance, but you will also pay less in utility and property taxes. Offloading years off accumulated “stuff” can be a huge stress relief and even put some cash in your pocket should you hold an estate sale. Cleaning and maintaining a home and keeping up with a large yard can become even more burdensome as you get older.
Has the Neighborhood Changed?
When you first moved in, it was a nice quiet community with only a few families. But now, there are major roads running through, a coffee shop on the corner and people and traffic everywhere! Have the crime rates risen around your home, or the addition of modern homes has affected your property taxes. Do you have a really bad HOA that manages the neighborhood? If you don’t LOVE the neighborhood you live in, you might want to think about relocating to a place you can love again.
Are You Sick of the Weather?
Are you constantly catching yourself complaining about the heat and humidity? Or, maybe you’re still getting snow, and it’s May, and you are sick and tired of it! Nobody should live in a place where they are unhappy. Stop wasting time living in a climate that you aren’t suited for. Now it the time to sell, and relocate to a place where you can enjoy the weather year round!
Capital Gains
Over the past several months, home prices have started to rise in Raleigh – Durham. By selling your home now, you may have the opportunity to collect up to $250,000 in tax-free capital gains provided you have lived in the home for the past two years. Does someone else own the house with you? If so, that number jumps to $500,000 that you can collect in capital gains… tax-free.
Are You Spending an Insane Amount of Time Commuting, instead of with Your Family?
Spending quality time with your family & friends is so important in maintaining a healthy balanced life. Commute times are longer than ever and people are spending hours a day in their vehicle or on public transport. In the long run, missing out on quality time, and feeling stress to get home before the kids fall asleep, aren’t the kind of memories most people want to make. Moving closer to your job will save you time, money and lower your stress levels!
I’m moving out of my parent’s home pretty soon and will leave them as empty nesters. Like you mentioned, a smaller home would require less maintenance for them. Maybe this winter I can help them sell their home and find a cozier place.