When Is It Best to Sell? The Elusive Question Answered.

Good Afternoon Ladies and Gentlemen! Each week I take a poll on my Instagram and FB account for the topic of each weeks blog. This week one of my dear friends Jessica decided to swing for the fence and challenge me to write the topic of When to Sell. Now, thank goodness I love her because I was looking more for How to Spruce up your Curb Appeal or How to Make an Attractive Offer when faced with a Multiple Offer Scenario. Nonetheless, here we go.

You've called it home. You have a mortgage, and a crap ton of furniture you don't want to move. The taxes and mortgage are affordable. But something else has caught your eye, you've had another kid, or the traffic in your area has steeply made getting there a nightmare commute. Guess what? It's time to sell.

Yes, yes I'm a realtor, of course I want you to sell! Selling is how I make my money! Jk. I want you to consider selling because you've addressed in reading the above paragraph, whether you admit it or not, you just don't LOVE your home anymore. No, it hasn't been bad to you, despite the AC dying incident that almost over-drafted your bank account, but maybe it's not what you NEED anymore. We buy homes because at that time we needed it. That many bedrooms, that location, that price range. It was what we needed. Sometimes even in the most unwavering of situations change occurs. That once great neighborhood? Run down. That great school district you just HAD to live in? Kids are now Graduated. That unexpected pregnancy? Not enough rooms for the new addition. You're not defeated. It's just time to move.

As I write this article Orlando is in one of the biggest Sellers Market upswings we've seen in years. There's more buyers than properties and sellers are getting offers even above asking price due to the bidding wars. Now that's great, a market full of able buyers. Your home will sell fast and for more than you could have imagined. Pretty enticing huh? For those not swoon so easily by dollar signs these reasons to sell are for you:

1. Too Much or Too Little Space

Little Jimmy went to college! Congrats! Now it is just two of you in an oversized house full of maintenance you no longer want to do. Size down. Not only are up and coming families desperate for nice homes in established neighborhoods, they have the capital to afford them. They expect renovations and won't try to pressure you to bargain if you price right. Now how about a lovely beach condo?

She's pregnant again? SURPRISE. Your two bedroom condo won't fit the 5 of you and Skippy. It is time for a yard, a good school district, and more bedrooms. Maybe Mr. & Mrs. Smith with the oversized home above will be your perfect fit!

2. You Can Afford More Now

10 years ago when you bought that starter home with EVERY penny you had you didn't think you would have gotten this far in your career. After eating ramen for the first 6 months because renovations took all your paychecks you now notice your mortgage payment seems like a bargain and newer homes in the area feel worth the second glance. A solid payment history and more income could easily move you up a price bracket when house hunting. Get a pre-approval estimate today. The results might shock you and in this seller's market you could easily be in your new home in 60 days or less!

3. Rental Property or Investment Home Wallow

Another upside to a sellers market? Not every buyer can buy a house! That rental property with those consistent tenants who keep immaculate care of it - ask them if they want to make it their permanent home. Orlando for instance, is the 2nd most expensive rental market in the country right now. $1300 for a 2/2 apartment is the norm. But a $1300 a month budget could easily get them into a $200K starter home. If you own an investment property see if you can sell to your tenants. You get to skip the process of finding a buyer and usually will get a pretty quick closing to sweeten the deal.

4. You Want to Live in a Better Area

When you bought your little piece of heaven it was before the neighborhood changed and so did your work commute. You got a promotion to the main office 45 minutes away. Your neighborhood is now more renters than homeowners. Or you notice your house is now the only nice one left. Time to find something new. You may not even have to up your budget, if you're savvy and patient you can always find a good deal. Search FSBO listings in your target area. Once you found your new home you can easily sell yours in the hot market conditions of today. Don't spend your time dreading a drive or hating your neighbors!

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Thanks for Reading!